Ribbon Communications Inc. (NASDAQ:RBBN) stock observed trading -39.29% off 52-week high price. On the other end, the stock has been noted 84.62% away from low price over the last 52-weeks. The stock disclosed a move of 22.56% away from 50 day moving average and -7.67% away from 200 day moving average. Moving closer, we can see that shares have been trading 16.02% off 20-day moving average. It has market cap of $568.66M.
On May 07, 2020, Ribbon Communications Inc. (NASDAQ:RBBN) a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, disclosed that the President and CEO of ECI Telecom Ltd. (ECI), Darryl Edwards, has departed Ribbon at the end of April as planned. Since the completion of the combination of Ribbon and ECI on March 3, 2020, Mr. Edwards has been an advisor to Bruce McClelland, CEO and President of Ribbon.
Mr. Edwards joined ECI in June 2012, with the goal of re-establishing ECI’s reputation for innovation and breaking boundaries in the telecommunications industry. Under his leadership, ECI has made significant investments in research and development and refreshed its product portfolio with new packet and optical product lines, making the transition to software defined networking (SDN) and network functions virtualization (NFV).
We’re immensely grateful for the great work that Darryl has done in cementing ECI’s place as an innovation leader in the packet and optical networking space, said Mr. McClelland. We are now very focused on executing on our strategy to significantly scale the ECI business by leveraging the strong foundation that Ribbon has with major Service Providers and Enterprise customers around the world, particularly as we enter the 5G networking era.
The USA based company Ribbon Communications Inc. moved with change of 15.02% to $3.6 with the total traded volume of 914335 shares in recent session versus to an average volume of 452.25K shares. The stock was observed in the 5 days activity at -1.23%. The one month performance of stock was 23.71%. RBBN’s shares are at 20.81% for the quarter and driving a -23.57% return over the course of the past year and is now at 16.13% since this point in 2018. Right now the stock beta is 0.92. The average volatility for the week and month was at 7.18% and 7.58% respectively. There are 157.96M shares outstanding and 83.07M shares are floated in market.