Paradigm Capital Management Inc. NY Has $37.28 Million Position 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 lowered its position in shares of Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,511,200 shares of the communications equipment provider's stock after selling 627,421 shares during the quarter. Ribbon Communications makes up approximately 2.1% of Paradigm Capital Management Inc. NY's holdings, 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 reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of RBBN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ribbon Communications by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,584 shares of the communications equipment provider's stock worth $219,000 after acquiring an additional 2,288 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Ribbon Communications by 2.7% during the fourth quarter. Ameriprise Financial Inc. now owns 136,621 shares of the communications equipment provider's stock worth $568,000 after acquiring an additional 3,622 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Ribbon Communications by 8.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,604 shares of the communications equipment provider's stock worth $261,000 after acquiring an additional 4,978 shares during the last quarter. Worth Venture Partners LLC raised its position in shares of Ribbon Communications by 11.0% during the first quarter. Worth Venture Partners LLC now owns 50,564 shares of the communications equipment provider's stock worth $198,000 after acquiring an additional 5,000 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Ribbon Communications by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider's stock worth $107,000 after acquiring an additional 8,485 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Ribbon Communications Stock Down 0.2%

Shares of NASDAQ:RBBN traded down $0.01 during mid-day trading on Wednesday, reaching $4.01. 536,768 shares of the stock were exchanged, compared to its average volume of 454,680. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88. The company has a market cap of $710.09 million, a P/E ratio of -16.04 and a beta of 1.39. Ribbon Communications Inc. has a one year low of $2.84 and a one year high of $5.38. The stock's 50 day simple moving average is $3.96 and its 200-day simple moving average is $3.87.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Rosenblatt Securities upped their price objective on Ribbon Communications from $5.50 to $6.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ribbon Communications presently has a consensus rating of "Buy" and a consensus target price of $6.00.

About Ribbon Communications

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.