The article discusses three penny stocks that analysts believe are poised for gains, including Microvast Holdings (MVST), Ribbon Communications (RBBN), and Intellicheck Mobilisa (IDN).

Ribbon Communications stock is surging after the company reported Q3 results that fell short of analyst estimates, but provided encouraging guidance for the current quarter, including expectations for a significant sequential sales increase.

Ribbon's earnings were lackluster, but a monumental contract with Verizon is turning heads on Wall Street.

Ribbon Communications (RBBN) delivered earnings and revenue surprises of 0% and 2.47%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Ribbon Communications (RBBN) delivered earnings and revenue surprises of -7.69% and 3.09%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

Celestica (CLS) delivered earnings and revenue surprises of 11.76% and 3.06%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

B. Riley Securities has decided to maintain its Buy rating of Ribbon Comms (NASDAQ:RBBN) and lower its price target from $7.00 to $6.00. Shares of Ribbon Comms are trading up 2.63% over the last 24 hours, at $1.95 per share. A move to $6.00 would account for a 207.69% increase from the current share price. About Ribbon Comms Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way ...Full story available on Benzinga.com

Ribbon Communications (RBBN) delivered earnings and revenue surprises of -28.57% and 7.33%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?

Gainers Sigma Additive Solutions, Inc. (NASDAQ: SASI) shares jumped 196% to $7.34 after the company announced the signing of a definitive agreement for the acquisition of NextTrip Holdings, Inc. Bio-Path Holdings, Inc. (NASDAQ: BPTH) shares climbed 102% to $0.7961 after gaining more than 6% on Thursday. Shift Technologies, Inc. (NASDAQ: SFT) gained 60% to $0.2145, after falling around 21% on Thursday. C3is Inc. (NASDAQ: CISS) gained 32% to $0.5625. Comtech Telecommunications Corp. (NASDAQ: CMTL) shares climbed 30.6% to $10.63 after posting better-than-expected fourth-quarter results. Versus Systems Inc. (NASDAQ: VS) shares climbed 29.1% to $0.4246 after jumping more than 52% on Thursday. Outlook Therapeutics, Inc. (NASDAQ: OTLK) gained 26% to $0.3448 SunOpta Inc. (NASDAQ: STKL) gained 22.5% to $3.5050 after the company announced the sale of certain frozen fruit assets to Nature's Touch for an aggregate purchase price of $141 million and issued preliminary Q3 results. PSQ Holdings, Inc. (NYSE: PSQH) climbed 22% to $5.55. The company said preliminary third quarter revenue climbed around 300% sequentially, to an estimated $2.2 million, representing 1,600% year-over-year growth. EHang Holdings Limited (NASDAQ: EH) jumped 21% to $20.77 after the company obtained a type certificate for the EH216-S passenger-carrying UAV system issued by the Civil Aviation Administration of China. SELLAS Life Sciences Group, Inc. (NASDAQ: SLS) gained 18% to $1.27. SELLAS Life Sciences issued an update on Phase 3 REGAL clinical trial for Galinpepimut-S in acute myeloid leukemia. Celularity Inc. (NASDAQ: CELU) rose 17.7% to $0.3179. Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) gained 16% to $0.3826. Hecla Mining Company (NYSE: HL) climbed 13.7% to $4.1650 after Roth MKM upgraded the stock from Neutral to Buy and raised its price target from $4 to $4.4. Viasat, Inc. (NASDAQ: VSAT) climbed 13.5% to $19.06. Coeur Mining, Inc. (NYSE: CDE) gained 13.2% to $2.5399. Groupon, Inc. (NASDAQ: GRPN) jumped 13.2% to $12.38 after Roth MKM initiated coverage on the stock with a Buy rating and $30 price target. Synchronoss Technologies, Inc. (NASDAQ: SNCR) surged 13% to $0.5426. Oblong, Inc. (NASDAQ:

Ribbon Communications (RBBN) delivered earnings and revenue surprises of 0% and 0.12%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

Gainers Biodexa Pharmaceuticals Plc (NASDAQ: BDRX) rose 43% to $6.91. SMX (Security Matters) Public Limited Company (NASDAQ: SMX) jumped 39.1% to $0.2031. Security Matters received a notice of allowance for its U.S. patent application 17/285,167 Titled "System And Method For Detection And Identification Of Foreign Elements In A Substance By X-Ray Or Gamma-Ray Detection And Emission." Carvana Co. (NYSE: CVNA) shares jumped 32.3% to $52.67 after the company reported better-than-expected second-quarter sales and guided positive adj. EBITDA for the third quarter. Carvana entered into distribution agreement with Citigroup, Moelis relating to offering of up to $1 billion of class A common stock. Panbela Therapeutics, Inc. (NASDAQ: PBLA) gained 29.5% to $2.68 after the company divested certain assets in its eflornithine pediatric neuroblastoma program to US WorldMeds for $9.5 million. JX Luxventure Limited (NASDAQ: JXJT) gained 22.3% to $2.85 after the company reported a new artificial intelligence initiative. Frontier Communications Parent, Inc. (NASDAQ: FYBR) rose 20.2% to $14.55. 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP) shares gained 19.9% to $2.90 after dipping 21% on Tuesday. Rubicon Technologies, Inc. (NASDAQ: RBT) climbed 18.4% to $0.6442 after jumping 39% on Tuesday. Harrow Health, Inc. (NASDAQ: HROW) gained 17.3% to $21.43 after the company acquired US & Canadian rights to certain eye disease products and announced $60 million equity offering. Lumen Technologies, Inc. (NYSE: LUMN) surged 16% to $1.8750. Ribbon Communications Inc. (NASDAQ: RBBN) rose 15.7% to $3.4490. Powerlink Queensland selected Ribbon's IP wave solutions to transform operational network. Canoo Inc. (NASDAQ: GOEV) gained 15% to $0.8021. Root, Inc. (NASDAQ: ROOT) rose 15% to $12.25. bluebird bio, Inc. (NASDAQ: BLUE) shares climbed 15% to $3.62. B of A Securities upgraded bluebird bio from Neutral ...

Upgrades According to Citigroup, the prior rating for First Solar Inc (NASDAQ:FSLR) was changed from Sell to Neutral. In the first quarter, First Solar showed an EPS of $0.40, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $232.00 and a 52-week-low of $65.51. At the end of the last trading period, First Solar closed at $201.57. According to UBS, the prior rating for Cheniere Energy Partners LP (AMEX:CQP) was changed from Neutral to Buy. In the first quarter, Cheniere Energy Partners showed an EPS of $3.50, compared to $0.96 from the year-ago quarter. At the moment, the stock has a 52-week-high of $61.73 and a 52-week-low of $42.96. Cheniere Energy Partners closed at $49.22 at the end of the last trading period. For ProPetro Holding Corp (NYSE:PUMP), Benchmark upgraded the previous rating of Hold to Buy. ProPetro Holding earned $0.25 in the first quarter, compared to $0.11 in the year-ago quarter. The current stock performance of ProPetro Holding shows a 52-week-high of $12.58 and a 52-week-low of $6.33. Moreover, at the end of the last trading period, the closing price was at $9.65. According to Benchmark, the prior rating for Patterson-UTI Energy Inc (NASDAQ:PTEN) was changed from Hold to Buy. For the first quarter, Patterson-UTI Energy had an EPS of $0.46, compared to year-ago quarter EPS of $0.13. The stock has a 52-week-high of $19.81 and a 52-week-low of $9.70. At the end of the last trading period, Patterson-UTI Energy closed at $14.85. According to Benchmark, the prior rating for Helmerich & Payne Inc (NYSE:HP) was changed from Hold to Buy. In the second quarter, Helmerich & Payne showed an EPS of $1.26, compared to $0.17 from the year-ago quarter. The current stock performance of Helmerich & Payne shows a 52-week-high of $54.42 and a 52-week-low of $30.41. Moreover, at the end of the last trading period, the closing price was at $39.44. According to Benchmark, the prior rating for Nabors Industries Ltd (NYSE:NBR) was changed from Hold to Buy. For the first quarter, Nabors Industries had an EPS of $2.05, compared to year-ago quarter EPS of $13.88. At the moment, the stock has a 52-week-high of $190.90 and a 52-week-low of $83.05. Nabors Industries closed at $112.29 at the end of the last trading period. B of A Securities upgraded the previous rating for bluebird bio Inc (NASDAQ:BLUE) from Neutral to Buy. For the first quarter, bluebird bio had an EPS of $0.21, compared to year-ago quarter EPS of $1.66. The stock has a 52-week-high of $8.58 and a 52-week-low of $2.78. At the end of the last trading period, bluebird bio closed at $3.15. According to JP Morgan, the prior rating for Cisco Systems Inc (NASDAQ:CSCO) was changed from Neutral to Overweight. Cisco Systems earned $1.00 in the third quarter, compared to $0.87 in the year-ago quarter. The current stock performance of Cisco Systems shows a 52-week-high of $52.56 and a 52-week-low of $38.61. Moreover, at the end of the last trading period, the closing price was at $51.24. According to Exane BNP Paribas, the prior rating for The Hershey Co (NYSE:HSY) was changed from Neutral to Outperform. Hershey earned $2.96 in the first quarter, compared to $2.53 in the year-ago quarter. The current stock performance of Hershey shows a 52-week-high of $276.88 and a 52-week-low of $211.58. Moreover, at the end of the last trading period, the closing price was at $239.84. For Snowflake Inc (NYSE:SNOW), Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. For the first quarter, Snowflake had an EPS of $0.15, compared to year-ago quarter EPS of $0.08. At the moment, the stock has a 52-week-high of $205.63 and a 52-week-low of $119.27. Snowflake closed at $188.20 at the end of the last trading period. For Intuit Inc (NASDAQ:INTU), Exane BNP Paribas upgraded the previous rating of Underperform to Neutral. In the third quarter, Intuit showed an EPS of $8.92, compared to $7.65 from the year-ago quarter. The stock has a 52-week-high of $497.69 and a 52-week-low of $352.66. At the end of the last trading period, Intuit closed at $495.43. For Forward Air Corp (NASDAQ:FWRD), Baird upgraded the previous rating of Neutral to Outperform. In the first quarter, Forward Air showed an EPS of $1.37, compared to $1.57 from the year-ago quarter. The stock has a 52-week-high of $117.26 and a 52-week-low of $88.23. At the end of the last trading period, Forward Air closed at $112.81. See all analyst ratings upgrades. Downgrades For Sunnova Energy International Inc (NYSE:NOVA), Citigroup downgraded the previous rating of Buy to Neutral. Sunnova Energy Intl earned $0.70 in the first quarter, compared to $0.30 in the year-ago quarter. The stock has a 52-week-high of $31.47 and a 52-week-low of $12.46. At the end of the last trading period, Sunnova Energy Intl closed at $23.43. For Tapestry Inc (NYSE:TPR), OTR Global downgraded the previous rating of Positive to Mixed. In the third quarter, Tapestry showed an EPS of $0.78, compared to $0.51 from the year-ago quarter. At the moment, the stock has a 52-week-high of $47.48 and a 52-week-low of $27.54. Tapestry closed at $43.36 at the end of the last trading period. For Celsius Holdings Inc (NASDAQ:CELH), Maxim Group downgraded the previous rating of Buy to Hold. For the first quarter, Celsius Holdings had an EPS of $0.40, compared to year-ago quarter EPS of $0.09. The stock has a 52-week-high of $157.28 and a 52-week-low of $73.30. At the end of the last trading period, Celsius Holdings closed at $144.54. Raymond James downgraded the previous rating for Hancock Whitney Corp (NASDAQ:HWC) from Strong Buy to Outperform. In the second quarter, Hancock Whitney showed an EPS of $1.35, compared to $1.38 from the year-ago quarter. The stock has a 52-week-high of $56.95 and a 52-week-low of $31.02. At the ...Full story available on Benzinga.com