Ribbon Communications (NASDAQ:RBBN)‘s stock had its “outperform” rating reissued by equities researchers at Northland Securities in a note issued to investors on Monday, MarketBeat.com reports. They presently have a $6.00 price target on the communications equipment provider’s stock. Northland Securities’ price target suggests a potential upside of 51.13% from the company’s current price.

Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of Ribbon Communications from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Zacks Investment Research downgraded shares of Ribbon Communications from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.50.

RBBN stock traded up $0.10 during mid-day trading on Monday, hitting $3.97. 3,481 shares of the company were exchanged, compared to its average volume of 383,497. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.98 and a current ratio of 1.16. The firm has a market cap of $560.26 million, a P/E ratio of -3.38 and a beta of 0.98. The firm’s 50 day simple moving average is $3.74 and its 200 day simple moving average is $3.17. Ribbon Communications has a 1-year low of $1.95 and a 1-year high of $5.93.

Ribbon Communications (NASDAQ:RBBN) last announced its earnings results on Wednesday, May 6th. The communications equipment provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. The firm had revenue of $128.03 million for the quarter, compared to the consensus estimate of $121.00 million. Ribbon Communications had a negative net margin of 21.99% and a negative return on equity of 29.24%. On average, equities research analysts predict that Ribbon Communications will post -0.41 EPS for the current fiscal year.

In other news, CEO Bruce William Mcclelland bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $32,500.00. Following the completion of the acquisition, the chief executive officer now owns 85,575 shares in the company, valued at $278,118.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.03% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aigen Investment Management LP acquired a new position in Ribbon Communications during the fourth quarter worth $72,000. BlackRock Inc. increased its holdings in Ribbon Communications by 1.2% during the first quarter. BlackRock Inc. now owns 4,297,052 shares of the communications equipment provider’s stock worth $13,020,000 after buying an additional 51,511 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ribbon Communications by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 347,290 shares of the communications equipment provider’s stock worth $1,077,000 after buying an additional 8,647 shares during the last quarter. AQR Capital Management LLC increased its holdings in Ribbon Communications by 500.9% during the fourth quarter. AQR Capital Management LLC now owns 766,759 shares of the communications equipment provider’s stock worth $2,377,000 after buying an additional 639,148 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Ribbon Communications by 40.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 209,725 shares of the communications equipment provider’s stock worth $651,000 after buying an additional 60,652 shares during the last quarter. Institutional investors and hedge funds own 64.05% of the company’s stock.

Ribbon Communications Company Profile

Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, other Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables secure and innovative business and consumer communications services.

Recommended Story: What are economic reports?

Receive News & Ratings for Ribbon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ribbon Communications and related companies with MarketBeat.com's FREE daily email newsletter.