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 Inc. (Nasdaq: RBBN) has announced an expansion of its distribution agreement with Westcon-Comstor, now covering ten additional countries in the Asia-Pacific region. This move enables enterprises with multi-country operations to streamline services, including a single order process and expedited delivery options. The expansion is timely, given the rising demand for cloud services. Countries involved include Australia, India, Japan, and others, enhancing Ribbon's market presence and operational efficiency in key APAC markets.
Ribbon Communications (Nasdaq: RBBN) announced its participation in the Needham Virtual Security, Networking & Communications Conference from November 15-18. CFO Mick Lopez will present on November 16 at 9:30 AM ET. The presentation will be accessible via a live webcast and archived replay on the company's Investor Relations website.
Ribbon provides real-time communications software and IP optical transport solutions globally, focusing on enhancing network modernization for enterprises and service providers.
Ribbon Communications Inc. (Nasdaq: RBBN) will launch the Ribbon Spotlight virtual event series on November 18. This series aims to showcase advancements in communications software and IP optical transport solutions. Key speakers include Sam Bucci and Tony Scarfo, who will discuss topics such as 'IP WAVE' and transitioning to 'Telco Cloud' for enhanced 5G services. Interested participants can register for the webinars at investors.ribboncommunications.com.
Ribbon Communications Inc. (Nasdaq: RBBN) reported a 3Q 2021 revenue of $210 million, down 9% year-over-year, affected by $9.5 million in supply chain constraints. Non-GAAP diluted EPS rose 29% to $0.11, while Adjusted EBITDA grew 14% year-to-date to $94 million. The company anticipates Q4 revenue of $240 million to $260 million and EPS between $0.13 and $0.17. Despite challenges, Ribbon aims for growth in 2022 driven by IP Optical Networks and 5G expansion.
Ribbon Communications has announced that Dakota Central, an Independent Operating Company in North Dakota, successfully deployed Ribbon's IP Optical portfolio to enhance network capacity and broadband speeds. This upgrade allows Dakota Central to offer new services, including 5G backhaul, following a competitive evaluation process. The solutions provide the scalability needed for future growth, enabling capacities of up to 200 gigabits. Dakota Central's Chief Network Officer cited Ribbon's solutions as pivotal for delivering next-generation communications services effectively.
Ribbon Communications (Nasdaq: RBBN) announced its partnership with Palestine Telecommunication Company (Paltel) to provide Ribbon Connect for Microsoft Teams Direct Routing. This cloud-based service allows Paltel to integrate voice-calling capabilities into Microsoft Teams, facilitating a fast migration to cloud communications without heavy capital investment. The service features automated deployment that streamlines configuration and scaling, enhancing Paltel’s ability to serve its customers efficiently. Overall, this collaboration supports Paltel's goal of modernizing its telecommunications offerings.
Ribbon Communications Inc. (Nasdaq: RBBN) announced that Viaero Wireless and Viaero Fiber Networks selected its IP Optical solutions to enhance their network. The suite includes Neptune (MPLS transport), Apollo (DWDM transport), and Muse (Domain Control), providing a significant increase in network capacity and efficiency. Viaero aims to transition from microwave and leased services to advanced fiber connectivity, facilitating the provision of 5G X-haul and mobile backhaul services. This initiative positions Viaero to expand service offerings and improve data speeds.
Ribbon Communications (Nasdaq: RBBN) announced the upcoming Global Day of Service – Ribbon Day, set for the week of October 17. Employees worldwide can engage in volunteer activities, reflecting the company's commitment to community support. Initiatives include partnerships with organizations like Make-A-Wish Israel, where Ribbon has contributed over 40,000 shekels in past years. Despite COVID-19 restrictions altering traditional events, the company continues to support children's wishes. For ongoing updates, follow #RBBNDay.
Ribbon Communications (Nasdaq: RBBN) is set to report its third-quarter 2021 financial results on October 27, 2021, after market close. A conference call with the financial community will be held the same day at 4:30 p.m. ET. Investors can access a live webcast through the company's website, with a replay available post-call until November 10, 2021. Ribbon specializes in real-time communications software and IP optical transport solutions for various sectors.
FAQ
What is the current stock price of Ribbon Communications (RBBN)?
What is the market cap of Ribbon Communications (RBBN)?
What does Ribbon Communications Inc. specialize in?
What are the main business segments of Ribbon Communications Inc.?
Which segment generates the majority of Ribbon’s revenue?
What were Ribbon Communications' revenue and EBITDA for 2023?
What is the Ribbon Tech Forum?
What recent partnership has Ribbon Communications announced?
How does Ribbon Communications address ESG concerns?
What are the financial projections for Ribbon Communications in 2024?
How can one stay updated on Ribbon Communications' latest news?
Who are some of Ribbon Communications' notable clients?
