Paradigm Capital Management Inc. NY Lowers Stake in Ribbon Communications Inc. $RBBN

Key Points

• Paradigm Capital Management Inc. NY reduced its stake in Ribbon Communications Inc. by 6.2%, now holding approximately 9.51 million shares worth $37.28 million, making it the 16th largest position in their portfolio.
• Several hedge funds, including Vanguard Group and Connor Clark & Lunn Investment Management, have increased their positions in Ribbon Communications recently, indicating growing institutional interest.
• Analysts have a consensus "Buy" rating for Ribbon Communications, with a price target raised from $5.50 to $6.00, suggesting positive growth expectations for the stock's performance.

Paradigm Capital Management Inc. NY decreased its holdings in Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,511,200 shares of the communications equipment provider's stock after selling 627,421 shares during the period. Ribbon Communications comprises approximately 2.1% of Paradigm Capital Management Inc. NY's investment portfolio, making the stock its 16th biggest holding. Paradigm Capital Management Inc. NY owned approximately 5.39% of Ribbon Communications worth $37,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Ribbon Communications in the 4th quarter valued at about $59,000. Allianz Asset Management GmbH bought a new position in Ribbon Communications in the first quarter valued at approximately $57,000. Susquehanna Fundamental Investments LLC bought a new position in Ribbon Communications in the fourth quarter valued at approximately $89,000. ProShare Advisors LLC increased its stake in Ribbon Communications by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider's stock valued at $107,000 after acquiring an additional 8,485 shares during the last quarter. Finally, First Bank & Trust bought a new position in Ribbon Communications in the first quarter valued at approximately $115,000. Institutional investors own 70.92% of the company's stock.

Analysts Set New Price Targets

RBBN has been the topic of a number of research reports. Rosenblatt Securities boosted their target price on shares of Ribbon Communications from $5.50 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ribbon Communications presently has a consensus rating of "Buy" and an average price target of $6.00.

Ribbon Communications Stock Performance

RBBN traded down $0.13 on Friday, hitting $4.04. The company's stock had a trading volume of 431,500 shares, compared to its average volume of 554,561. The company's 50 day simple moving average is $3.96 and its 200-day simple moving average is $3.86. The firm has a market cap of $714.52 million, a P/E ratio of -16.18 and a beta of 1.39. Ribbon Communications Inc. has a 12 month low of $2.84 and a 12 month high of $5.38. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The communications equipment provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $220.58 million during the quarter, compared to the consensus estimate of $213.31 million. Ribbon Communications had a negative net margin of 5.14% and a positive return on equity of 7.08%. Ribbon Communications's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that Ribbon Communications Inc. will post 0.18 EPS for the current year.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.