S&P 500 climbs to record high as in-line inflation data point to Fed rate cut
Dan Redington, Executive Vice President of Global Sales at Ribbon Communications Inc (NASDAQ:RBBN), sold 189,710 shares of common stock between September 4th and September 8th, 2025, for approximately $766591. The company, currently valued at around $720 million, has shown mixed performance with a 37% stock price gain over the past year despite not being profitable in the last twelve months, according to InvestingPro data.
The sales, all directly owned, were executed in three separate transactions. On September 4th, Redington sold 20,000 shares in multiple transactions at prices ranging from $4.16 to $4.165. On September 5th, he sold 155,434 shares in multiple transactions at prices ranging from $3.965 to $4.160. The final sale occurred on September 8th, with 14,176 shares sold at $4.02. Following these transactions, Redington directly owns zero shares of Ribbon Communications. Looking ahead, analysts maintain an optimistic outlook, with InvestingPro analysis indicating expected profitability this year and net income growth. For deeper insights into RBBN’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Ribbon Communications reported its second-quarter 2025 earnings, with revenue reaching $221 million, surpassing the consensus estimate of $213.4 million. This represents a 15% increase year-over-year. The company’s adjusted EBITDA rose to $31.8 million, a 47% increase compared to the previous year, also exceeding the forecast of $29.7 million. Despite meeting earnings per share expectations at $0.05, the revenue beat was a notable highlight. JMP Securities has reiterated its Market Outperform rating for Ribbon Communications, maintaining a price target of $6.00, reflecting confidence in the company’s performance. Additionally, Ribbon Communications announced the departure of Dan Redington, executive vice president of global sales, effective September 30, 2025. The company plans to appoint a new head of global sales before the end of the third quarter of 2025. No further details on the transition or potential successors were provided.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.