Penn Capital Management Company LLC Boosts Holdings in Ribbon Communications Inc. $RBBN

Key Points

• Penn Capital Management Company LLC significantly increased its stake in Ribbon Communications by 567.9%, acquiring 75,928 additional shares, bringing their total to 89,299 shares worth approximately $350,000.
• Several hedge funds have also invested in Ribbon Communications, with institutional ownership currently at 70.92%, highlighting a growing interest in the company by larger investors.
• Equities analysts generally maintain a buy rating on Ribbon Communications, with an average price target estimated at $6.00.

Penn Capital Management Company LLC raised its holdings in shares of Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) by 567.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,299 shares of the communications equipment provider's stock after purchasing an additional 75,928 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.05% of Ribbon Communications worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in Ribbon Communications during the fourth quarter valued at about $43,000. Renaissance Technologies LLC purchased a new stake in shares of Ribbon Communications in the fourth quarter worth about $59,000. Allianz Asset Management GmbH purchased a new stake in shares of Ribbon Communications in the first quarter worth about $57,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ribbon Communications in the fourth quarter worth about $89,000. Finally, ProShare Advisors LLC lifted its holdings in shares of Ribbon Communications by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider's stock worth $107,000 after buying an additional 8,485 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ribbon Communications Trading Down 1.8%

NASDAQ:RBBN traded down $0.08 during trading hours on Friday, hitting $4.04. The company had a trading volume of 162,025 shares, compared to its average volume of 552,352. The company has a market capitalization of $714.52 million, a PE ratio of -16.14 and a beta of 1.33. The stock has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.89. Ribbon Communications Inc. has a 52 week low of $2.84 and a 52 week high of $5.38. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.38 and a quick ratio of 1.13.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last released its quarterly 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. The business had revenue of $220.58 million for the quarter, compared to analysts' expectations of $213.31 million. Ribbon Communications had a negative net margin of 5.14% and a positive return on equity of 7.08%. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Ribbon Communications Inc. will post 0.18 EPS for the current fiscal year.

Ribbon Communications 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.