5 Best Long-Term Penny Stocks to Buy Now

3. Ribbon Communications Inc. (NASDAQ:RBBN)

Number of Hedge Fund Holders: 21

Optical networking solutions and software company Ribbon Communications Inc. (NASDAQ:RBBN) ranks 3rd in our list of the best long-term penny stocks to buy now.

As of the end of the first quarter of 2023, 21 hedge funds in Insider Monkey’s database of 943 hedge funds reported having stakes in Ribbon Communications Inc. (NASDAQ:RBBN). The most significant shareholder of Ribbon Communications Inc. (NASDAQ:RBBN) was Mark Coe’s Intrinsic Edge Capital which had a $4.5 million stake in the company.