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.
Ribbon Communications reported a sequential revenue growth of 19% to $206 million for Q2 2022, up from $173 million in Q1 2022, but down from $211 million in Q2 2021. Despite this, gross margin improved by 600 basis points to 51%. The net loss for the quarter was $30 million, impacted by a non-cash loss of $12 million related to investments. For Q3 2022, the company projects revenue of $210 million to $225 million and expects full-year revenue between $840 million to $870 million.
Ribbon Communications has partnered with Poly and TD SYNNEX to introduce the Get Connected bundle, designed to facilitate the adoption of Microsoft Teams for remote and hybrid work environments. This solution features Ribbon Connect and Poly's CCX 600 desk phones or P15 video bars, allowing seamless voice connectivity.
Available through TD SYNNEX, enterprises can test the solution free for 60 days, aiming to enhance employee productivity and engagement.
Ribbon Communications (Nasdaq: RBBN) has partnered with BoFiNet to enhance Botswana's national backbone network, essential for high-bandwidth connectivity. The upgrade includes a multi-terabit optical network utilizing Ribbon's DWDM transport and OTN switching technology, offering up to 48 channels at 200G, with scalability to 400G. This initiative supports over 75 service providers and aims to drive economic growth and modernize telecommunications in Botswana. The collaboration reflects Ribbon's commitment to delivering advanced networking solutions across Africa.
Ribbon Communications (Nasdaq: RBBN) plans to report its second quarter 2022 financial results on July 27, 2022, after market close. A conference call will follow at 4:30 p.m. ET for analysts and investors to discuss the results. The call will be accessible through the company's investor website, with a replay available after the call until August 11, 2022. Ribbon provides real-time communications technology and IP optical networking solutions to service providers and enterprises worldwide.
Ribbon Communications (Nasdaq: RBBN) has partnered with DSTNY Automate to enhance telecom services for Microsoft Teams users. This collaboration utilizes Ribbon's advanced Session Border Controller and API automation technology to streamline the deployment of Teams telephony services.
Together, they offer the Ribbon Connect service, positioned as a certified Operator Connect Accelerator partner. This alliance aims to help service providers deliver high-quality communication solutions swiftly, capitalizing on growing demand for cloud-based services.
Ribbon Communications (Nasdaq: RBBN) announced that Blueline, a telecommunications provider in Madagascar, has selected its Apollo Optical Networking solution to enhance network capacity. This upgrade aims to improve bandwidth and resiliency for faster delivery of communications services. The Apollo 9600 solution will provide multi-service transport capabilities on a 100G backbone, easily upgradeable to 200G. The customized solution includes specialized outdoor cabinets with battery backup for reliability in challenging terrains, ultimately benefiting Blueline’s operational efficiency and customer service.
Ribbon Communications (Nasdaq: RBBN) announced its Partner Program has received a prestigious 5-Star rating in the 2022 Partner Program Guide by CRN®. This recognition highlights Ribbon's commitment to supporting its partners with robust business models, margins, products, and training needed to succeed. The Partner Program empowers partners to enhance their offerings in cloud-centric solutions and IP optical networking, catering to enterprises transitioning to digital environments. This achievement underscores Ribbon's strategy to maintain strong partner relationships in a rapidly evolving technology landscape.
Ribbon Communications (Nasdaq: RBBN) announced that Colt Technology Services has deployed its Microsoft-certified Session Border Controllers (SBCs) in Japan. This integration forms part of Colt's new Intelligent Communications offering, providing enterprises with a secure Microsoft Teams communication experience. The cloud-based SBCs replace traditional on-premises hardware, allowing for quicker migration to Microsoft Teams without substantial upfront costs. This initiative supports digital transformation for businesses, leveraging Colt's vast network for enhanced communication capabilities.
Ribbon Communications (RBBN) announced a partnership with Kontron Transportation to upgrade the SNCF Voyageurs Optical Transport Network in Paris. This project will replace outdated Wavelength Division Multiplexing (WDM) equipment with Ribbon's advanced WDM and OTN switching technology, aimed at enhancing scalability, operational efficiency, and network reliability. The upgraded network will support the increasing bandwidth demands of one of Europe’s largest railway companies. The initiative emphasizes the strategic importance of modernizing critical infrastructure through advanced optical solutions.
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