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Ribbon Communications Inc. - RBBN STOCK NEWS

Welcome to our dedicated page for Ribbon Communications news (Ticker: RBBN), a resource for investors and traders seeking the latest updates and insights on Ribbon Communications stock.

Ribbon Communications Inc. (Nasdaq: RBBN) is a leading global provider of communications software, IP, and optical networking solutions. Serving a diverse clientele that includes service providers, enterprises, and critical infrastructure sectors, Ribbon is focused on modernizing communication networks for enhanced business outcomes. Their innovative, end-to-end solutions span from core to edge software-centric offerings, cloud-native services, advanced security tools, and analytics, as well as IP and optical networking solutions essential for the rollout of 5G technology.

Ribbon operates primarily through two segments: the Cloud and Edge segment, and the IP Optical Networks segment. The Cloud and Edge segment, which generates the majority of the company's revenue, offers secure and reliable software and hardware solutions for VoIP communications and Voice Over LTE, addressing the needs of both service providers and enterprise customers. Meanwhile, the IP Optical Networks segment focuses on delivering robust networking solutions that aid in the seamless transition to 5G.

Ribbon's latest initiatives highlight its commitment to innovation and customer engagement. Recently, the company hosted the Ribbon Tech Forum in Plano, Texas, bringing together industry experts to discuss cutting-edge trends and best practices. Additionally, Ribbon announced a significant partnership with BroadSource to integrate its SBC SWe technology into BroadSource's PCI-DSS compliant SecureCall payment system, enhancing secure payment processes over the phone.

Financially, Ribbon reported significant improvements for the full year 2023 with a total revenue of $826 million, up from $820 million in 2022. The company also showed a marked increase in adjusted non-GAAP EBITDA, which rose to $91 million, reflecting a 41% year-over-year improvement. Looking forward, Ribbon projects continued growth and profitability, supported by strategic initiatives and new customer engagements.

Environmental, Social, and Governance (ESG) principles are deeply embedded in Ribbon's operations, underscored by their annual Sustainability Report. This commitment ensures that Ribbon not only pursues business success but also contributes positively to societal and environmental well-being.

To stay updated on the latest developments and financial performance of Ribbon Communications Inc., visit their official site at rbbn.com.

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Ribbon Communications (Nasdaq: RBBN) has announced that Diabolocom has chosen its high-density Data Center Interconnect (DCI) solution to enhance its Cloud Contact Center Software and Voice AI offerings. This solution, leveraging Ribbon's Apollo 9408 platform, enables high-speed, scalable, and cost-effective data transfer, with up to 25.6T capacity in a 2RU platform and low power consumption of less than 0.07W/G. Diabolocom's CEO, Frederic Durand, praised Ribbon's customer-first approach and the solution's efficiency in handling major datasets, supporting business growth and customer loyalty. The Apollo 9408 platform also offers investment protection, allowing upgrades from 400G to 800G on a single sled, and supports advanced operations through gNMI streaming telemetry and OpenConfig data models. Christian Erbe, Ribbon's Head of EMEA Sales, highlighted the collaboration as a testament to Ribbon's commitment to innovation and reliability in the industry.

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Ribbon Communications (Nasdaq: RBBN) announced an expansion of its relationship with Pioneer for optical network upgrades. Pioneer will implement Ribbon's Apollo programmable and open optical networks, featuring modular C+L band technology for seamless fiber capacity expansion. The solution includes Muse SDN Domain Orchestration for enhanced network efficiency through automation, planning, node design, and real-time control.

Pioneer, an existing Ribbon voice solutions customer, selected the company for this network upgrade to deliver increased bandwidth and high-speed connectivity to meet their members' and subscribers' needs. The implementation allows Pioneer to expand fiber capacity to L-band without service interruption.

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Ribbon Communications (Nasdaq: RBBN) has completed a major DWDM deployment for Bharti Airtel, a leading Indian telecom provider. The project involves implementing Ribbon's Apollo 9600 optical transport platforms across Airtel's 30,000 km network, delivering 51.2 Tbps of long haul network capacity. The deployment includes C+L bands support and the Muse platform for workflow automation and network monitoring. This implementation enables Airtel to meet growing 5G and high-speed connectivity demands while enhancing operational efficiency.

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Ribbon Communications (RBBN) reported Q3 2024 financial results with revenue of $210 million, up 3.5% year-over-year from $203 million. The Cloud & Edge segment showed strong performance with 11% YoY and 16% QoQ growth. GAAP Loss from Operations was ($1 million), while Non-GAAP Adjusted EBITDA improved to $30 million, representing 14% of sales. GAAP and Non-GAAP Gross Margins were robust at 52% and 55% respectively. For Q4 2024, the company projects revenue between $235-255 million with Non-GAAP gross margin of 55.5-56% and Adjusted EBITDA of $46-52 million.

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Ribbon Communications (Nasdaq: RBBN) has been named to Newsweek's 2025 list of America's Greenest Companies. This recognition highlights Ribbon's success in achieving key sustainability goals, including meeting its emissions reduction target seven years early. The company's recent achievements include:

  • 33% reduction in Scope 1+2 CO2e emissions compared to 2018
  • 17% reduction in waste sent to landfills compared to 2022
  • 90% cumulative reduction in equipment and laboratory space
  • EcoVadis Silver Sustainability Rating in 2023

Ribbon has also cut electricity consumption by 26% over six years and increased renewable electricity use to 10% of total consumption. The Newsweek list, designed in collaboration with Plant-A Insights Group and GIST Impact, is based on research and analysis of public data from organizations meeting minimum standards set by the European Union.

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Ribbon Communications Inc. (Nasdaq: RBBN) has announced inducement equity grants for John Townsend, its newly appointed Chief Financial Officer. The grants, approved by the Board of Directors, include:

1. Time-based RSUs: 128,205 units vesting on October 15, 2025, and 102,564 units vesting in four equal installments through October 15, 2027.

2. Financial Performance PSUs: 230,769 units vesting based on annual financial goals (60% weighting) and relative total shareholder return (40% weighting) from 2025 to 2027.

3. Stock Price PSUs: 314,583 units vesting based on specified stock prices and time passage.

All grants are subject to Mr. Townsend's continued employment. The PSUs can vest up to 200% of the target amount. Upon vesting, all units will be settled in Ribbon's common stock. These awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4).

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Ribbon Communications Inc. (Nasdaq: RBBN) has been chosen as the technology provider for the US Department of Defense Information Services Agency (DISA) Soft Switch Backbone (SSBB) RFP, awarded to ValidaTek, Inc. The SSBB aims to provide a global, secure, and resilient mission-critical voice communications infrastructure for all US Department of Defense branches and agencies.

Ribbon will deliver state-of-the-art voice communication infrastructure components to modernize and secure DISA's communications network, reducing cybersecurity vulnerabilities and lowering operational costs. The company is partnering with Tyto Athene to support ValidaTek in this global technology deployment.

Bill Grabner, Ribbon's Vice President of Federal Markets, emphasized the importance of addressing escalating security threats in the defense community, which legacy phone systems struggle to handle. Ribbon's solutions offer a proven migration path to a modern communications infrastructure, providing updated capabilities and increased security in line with government mandates and unique deployment needs.

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Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions, has announced it will report its third quarter 2024 financial results after market close on Wednesday, October 23, 2024. The company will host a conference call with the financial community at 4:30 p.m. ET to discuss the results.

Conference call details include:

  • Domestic dial-in: 877-407-2991
  • International dial-in: 201-389-0925
  • Instant Telephone Access: Call me™
  • Live webcast: Available via the Investor Relations website at investors.ribboncommunications.com
A replay of the call will be available shortly after the conference call on the company's Investor Relations website.

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Ribbon Communications Inc. (Nasdaq: RBBN) has announced the industry's first demonstration of a compact modular solution supporting 400G ZR+ with upgradability to 800G ZR+ on a single sled at NGON / NetworkX. The live demo operates on Ribbon's 9408 compact modular platform, featuring a density of 25.6T per 2RU and low power consumption of less than 0.07W/G, significantly reducing TCO.

The platform utilizes Acacia's 131Gbaud 800G ZR+ QSFP-DD transceiver with interoperable PCS, powered by its 4nm Delphi DSP. It also supports 5nm-140Gbaud technology for capacity and reach optimized transport including wavelengths up to 1.2T. This innovation aims to enable converged metro and long haul transport on a single sled, enhancing performance and cost efficiencies.

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Ribbon Communications Inc. (Nasdaq: RBBN) has announced the appointment of John Townsend as Executive Vice President and Chief Financial Officer, effective November 1, 2024. Townsend, with over 30 years of experience leading financial organizations in the telecommunications industry, will succeed Miguel "Mick" Lopez, who is retiring. Townsend's career includes nine years at Verizon Communications as CFO for various divisions and nearly two decades at Vodafone with multiple regional CFO assignments. Most recently, he served as CFO of Digicel.

Bruce McClelland, Ribbon Communications CEO, expressed confidence in Townsend's ability to deliver profitable growth and value creation. Townsend stated his enthusiasm for joining Ribbon, recognizing the company's strategic vision and potential to capitalize on major industry investments in network transformation.

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FAQ

What is the current stock price of Ribbon Communications (RBBN)?

The current stock price of Ribbon Communications (RBBN) is $4.17 as of December 20, 2024.

What is the market cap of Ribbon Communications (RBBN)?

The market cap of Ribbon Communications (RBBN) is approximately 698.0M.

What does Ribbon Communications Inc. specialize in?

Ribbon Communications specializes in providing communications software, IP, and optical networking solutions to service providers, enterprises, and critical infrastructure sectors globally.

What are the main business segments of Ribbon Communications Inc.?

Ribbon operates through two main segments: the Cloud and Edge segment, which focuses on secure and reliable communications solutions, and the IP Optical Networks segment, which provides networking solutions for 5G.

Which segment generates the majority of Ribbon’s revenue?

The Cloud and Edge segment generates the majority of Ribbon Communications' revenue.

What were Ribbon Communications' revenue and EBITDA for 2023?

For the full year 2023, Ribbon Communications reported a revenue of $826 million and an adjusted non-GAAP EBITDA of $91 million.

What is the Ribbon Tech Forum?

The Ribbon Tech Forum is an event hosted by Ribbon Communications to discuss the latest technology and business trends, featuring industry experts and best practices.

What recent partnership has Ribbon Communications announced?

Ribbon recently announced a partnership with BroadSource, integrating its SBC SWe technology into BroadSource's PCI-DSS compliant SecureCall payment system.

How does Ribbon Communications address ESG concerns?

Ribbon Communications addresses ESG concerns by embedding Environmental, Social, and Governance principles into their operations and publishing an annual Sustainability Report.

What are the financial projections for Ribbon Communications in 2024?

Ribbon Communications projects 2024 revenue to be between $840 million to $870 million, with an adjusted EBITDA range of $110 million to $120 million.

How can one stay updated on Ribbon Communications' latest news?

To stay updated on Ribbon Communications' latest news and developments, visit their official site at rbbn.com.

Who are some of Ribbon Communications' notable clients?

Ribbon serves many of the world's largest service providers, enterprises, and critical infrastructure operators, including partnerships with companies like Verizon and BroadSource.

Ribbon Communications Inc.

Nasdaq:RBBN

RBBN Rankings

RBBN Stock Data

698.03M
143.60M
17.85%
73.19%
0.88%
Telecom Services
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