Ribbon Communications Inc. (NASDAQ:RBBN) stock recorded a change of -12.04% away from 50 day moving average and -16.71% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.46% off 20-day moving average. The stock recently spotted trading -36.24% off 52-week high price. On the other end, the stock has been noted 4.64% away from low price over the last 52-weeks. It has market cap of $563.17M.
Ribbon Communications Inc. (NASDAQ:RBBN), a global leader in secure and intelligent cloud communications, today announced that it has joined the AWS Partner Network (APN), the global partner program for AWS (Amazon Web Services). The program focuses on helping APN Partners build successful AWS-based businesses or solutions by providing business, technical, marketing, and go-to-market support.
Kevin Riley, Ribbon’s CTO said “We’re thrilled to extend our cloud leadership by joining the APN”. “As cloud innovators with multiple customers deployed in production on AWS, we look forward to deepening the relationship and developing new solutions that leverage AWS.”
More and more Communications Service Providers (CSPs) want to deliver cloud-hosted, real-time communications services from the cloud, both for deployment ease and operational cost savings. Ribbon offers advanced solutions to support these initiatives, including its cloud-native Session Border Controller Software Edition (SBC SWe). Deployable on AWS today, the SBC SWe provides fast time to market and enables secure, reliable, and scalable real-time communications.
Ribbon is also providing a synthetic dataset for model-training purposes in AWS’s Machine Learning (ML) for Telecommunication solution, which provides a framework for an end-to-end ML process including ad-hoc data exploration, data processing and feature engineering, and model training and evaluation. It includes a synthetic telecom IP Data Record (IPDR) dataset to demonstrate how to use ML algorithms to test and train models for predictive analysis in telecommunication.
The USA based company Ribbon Communications Inc. moved with change of -3.35% to $5.19 with the total traded volume of 269492 shares in recent session versus to an average volume of 322.74K. The stock was observed in the 5 days activity at -0.76%. The one month performance of stock was -15.20%. RBBN’s shares are at -23.56% for the quarter and driving a -29.96% return over the course of the past year and is now at -32.86% since this point in 2018.
Right now the stock beta is 1.38. The average volatility for the week and month was at 3.90% and 4.18% respectively. There are 108.51M shares outstanding and 102.5M shares are floated in market.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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