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.
On February 15, 2022, Ribbon Communications (Nasdaq: RBBN) announced that its Muse Network Planner received high recognition in the 2022 Lightwave Innovation Reviews. This accolade confirms the application's effectiveness in helping service providers optimize network performance and maximize ROI. The Muse Network Planner utilizes a multilayer algorithmic engine to create customized IP Optical networks, enhancing cost efficiency and performance. Ribbon's EVP, Sam Bucci, expressed pride in this recognition, highlighting the increasing challenges service providers face in network optimization.
Ribbon Communications (Nasdaq: RBBN) has successfully partnered with NamPower, Namibia's largest power utility, to implement an advanced IP Optical network for its "The GridOnline" project. The deployment provides high-capacity bandwidth essential for reliable communication across the nation and region. Utilizing Ribbon's 400G ZR+ and 200G coherent Apollo solutions, the network was fully implemented in 2021. This evolution positions NamPower as a key player in bandwidth delivery services, enhancing its strategic role in the southern African region.
Ribbon Communications (Nasdaq: RBBN) has partnered with Telehouse, a leading colocation data center provider in Europe, to integrate its Apollo solution into Telehouse's Metro Connect offer. This collaboration allows Telehouse to deliver high-speed data center services at speeds up to 400Gbps, enhancing connectivity and service availability to 99.999%. Telehouse's clients can now benefit from advanced technology and customized installations, leading to improved cost efficiencies and reliable connectivity to the Paris TH2 hub, one of the world's most connected data centers.
Ribbon Communications (Nasdaq: RBBN) announced preliminary financial results for Q4 2021, projecting $231 million in revenue with a 50% gross margin. Operating loss is set at $4 million and adjusted EBITDA at $26 million. Demand surged with a 10% sequential sales growth, however, supply chain challenges caused a $10 million sales shortfall. The IP Optical Networks segment saw a growth of over 20% quarter-over-quarter, reaching $83 million. Cash on hand increased to $106 million.
Ribbon Communications (Nasdaq: RBBN) announced a collaboration with IPS to enhance submarine connectivity services in the South China Sea, utilizing its Apollo Optical Networking solution. This partnership supports 100Gigabit Ethernet (100GbE) services over 2,500 km of cables connecting Manila, Hong Kong, and Singapore. Ribbon's technology enables IPS to maximize capacity and efficiency in data transmission, which is critical for delivering high-quality communication services.
Ribbon Communications (Nasdaq: RBBN), a leading provider of real-time communications software, will present at the Needham Growth Conference from January 11-14. The President and CEO, Bruce McClelland, alongside CFO Mick Lopez will engage in a fireside chat on January 14 at 2:45 PM ET. This event will be accessible via live webcast and archived on the company's Investor Relations website. Ribbon specializes in solutions for service providers and enterprises, enhancing network modernization and performance globally.
Ribbon Communications Inc. (Nasdaq: RBBN) has launched its SBC CNe Edge, enhancing its cloud-native Session Border Controller portfolio. This new offering aims to optimize performance and scalability for enterprises migrating their operations to public, private, or hybrid clouds. With the capability to handle up to 100,000 users, SBC CNe Edge reduces cloud costs by up to 50%. The product will be available on the Microsoft Azure Marketplace soon. Ribbon's leadership in SBC solutions was recently affirmed by GlobalData.
Ribbon Communications (Nasdaq: RBBN) has partnered with Bezeq, Israel's largest telecommunications provider, to build a new flexgrid 400G optical backbone network. This upgrade aims to manage increasing consumer and business IP traffic effectively. The project leverages Ribbon's Apollo optical transport platforms for improved scalability and cost efficiency. Bezeq's VP Engineering emphasized the need for a solution ready to handle today's and tomorrow's traffic. The collaboration underscores Ribbon's commitment to enhancing network capabilities for its clients.
Ribbon Communications announced that its Ribbon Call Trust solution won the 2021 Pipeline Innovation Awards in the Assurance category. This award highlights innovations that combat robocalls and fraud attacks, helping service providers secure their operations and revenue. The Ribbon Call Trust solution uses a cloud-hosted Reputation Scoring service to analyze caller identity and mitigate fraudulent activities. Ribbon's cloud-native platform also enhances operational scalability and reliability, ensuring effective integration of data sources.
Ribbon Communications Inc. (Nasdaq: RBBN) announced a partnership with Moratelindo, Indonesia's second-largest broadband provider, to enhance network capacity. This collaboration includes a significant upgrade of the Sumatra backbone to 3.6 Terabits per second and a 280-kilometer subsea link to Singapore with an additional 2 Terabits of capacity. The upgrades enable a 200G network that is 400G-ready, facilitating faster service deployment. This strategic win positions Ribbon advantageously in a rapidly growing communication market.
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