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In a recent filing with the Securities and Exchange Commission, JPMorgan Chase & Co. (NYSE:JPM) reported transactions involving the stock of Ribbon Communications Inc. (NASDAQ:RBBN). On April 9, 2025, JPMorgan Chase, a ten percent owner of Ribbon Communications, executed both purchase and sale transactions.
The company acquired 14 shares of Ribbon Communications’ common stock at a price of $3.67 per share, amounting to a total purchase value of $51. Additionally, JPMorgan Chase sold 14 shares of Ribbon Communications stock. Notably, the sale was recorded at a price of $0 per share, resulting in a total sale value of $0.
These transactions were executed indirectly through a subsidiary, with JPMorgan Chase maintaining ownership of 52,036,572 shares following these activities.
In other recent news, Ribbon Communications reported strong financial results for the fourth quarter of 2024, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.16, surpassing the forecasted $0.13, and reported revenue of $251 million, slightly above the anticipated $250.2 million. This performance was driven by a significant 35% year-over-year sales growth in the Cloud and Edge segment. Ribbon Communications projects revenue between $870 million and $890 million for 2025, indicating a 5% year-over-year growth. The company also anticipates a 10% increase in its Cloud and Edge segment and a 5% growth in the IP Optical segment, excluding Eastern Europe.
Furthermore, Ribbon Communications’ strategic focus on network modernization and cloud-native technologies contributed to its robust performance. The company reported a full-year adjusted EBITDA of $119 million, at the high end of its original guidance. Analysts from firms like Rosenblatt Securities noted the company’s improved outlook and strong positioning in the market. CEO Bruce McCollan highlighted the company’s strategic advancements and the shift towards offering complete solutions to meet customer needs.
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