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 (Nasdaq: RBBN) enhances its support for Microsoft's Operator Connect service for Teams by introducing Professional Services capabilities. This new offering allows service providers to streamline the integration process with Operator Connect API, configuration, and provisioning support. Ribbon's Direct Routing certified Session Border Controllers (SBCs) are integral in reducing time-to-market for service providers. Ribbon's extensive experience with Microsoft tools positions it to assist carriers effectively, ensuring reliable connectivity between Teams and the PSTN.
Ribbon Communications (Nasdaq: RBBN) announced its participation in the Jefferies Virtual Software Conference on September 14-15, 2021. The presentation will be led by Bruce McClelland, President and CEO, and Mick Lopez, CFO, scheduled for 2:30 PM Eastern Time on September 14. Investors can access the live webcast and archived replay on the company's Investor Relations page. Ribbon emphasizes its focus on delivering real-time communication software and IP optical transport solutions to key sectors globally.
Ribbon Communications (Nasdaq: RBBN) has announced an expanded partnership with KGPCo, allowing KGPCo to resell Ribbon's full portfolio of Cloud & Edge and IP Optical solutions. This collaboration aims to enhance both organizations' capabilities, facilitating the modernization of service providers' networks. KGPCo's services organization will receive training on Ribbon's implementation services, fostering joint customer successes in the IP Optical business, particularly in tier-two and tier-three markets. The partnership reflects ongoing growth in demand for high-bandwidth applications.
Ribbon Communications Inc. (Nasdaq: RBBN) has announced that Tbaytel, Canada's largest independently owned telecommunications provider, is implementing key components from Ribbon's voice core solutions to modernize its communications network. The deployment includes the Virtual C20 Call Controller, G6 Media Gateway, Diameter Signaling Controller, Policy and Routing Server, and STIR/SHAKEN solutions. This modernization aims to enhance voice services while reducing operational costs significantly. Tbaytel's decision follows a successful proof of concept, highlighting Ribbon's strong service capabilities.
Ribbon Communications (Nasdaq: RBBN), a leader in real-time communications software and IP optical transport solutions, will present at the Oppenheimer 24th Annual Technology, Internet and Communications Conference from August 9-11, 2021. Key executives, including Bruce McClelland and Mick Lopez, will speak at 9:55 am Eastern Time on August 11. The presentation will be available via a live webcast, with a replay accessible on the company’s Investor Relations website.
Ribbon Communications (RBBN) reported robust financial results for Q2 2021, with revenue of $211 million, marking a slight increase from $210 million in Q2 2020. Adjusted EBITDA surged by 60% year-over-year, while non-GAAP diluted EPS rose 133% to $0.17. The company noted a 10% revenue growth in the first half of 2021 compared to 2020, driven by significant IP Optical wins with major clients. However, sales in India were affected by COVID-19 disruptions. The outlook for Q3 2021 anticipates revenue between $215 million and $225 million, maintaining full-year earnings guidance of $0.49 to $0.54 per share.
Ribbon Communications (Nasdaq: RBBN) announced that Rogers Communications has selected its optical networking solutions to upgrade its transport network, marking a significant step for the company. This deployment utilizes 400G ZR+ technology, enabling Rogers to modernize its network while enhancing capacity and performance. The partnership emphasizes reducing costs and power consumption through innovative technology. Ribbon's Apollo and MUSE platforms will facilitate efficient service creation and network optimization, helping Rogers maintain its leadership in 5G services across Canada.
Ribbon Communications Inc. (Nasdaq: RBBN) will announce its second-quarter financial results on July 28, 2021, after the market closes. Following the announcement, the company will hold a conference call for investors at 4:30 p.m. ET. Interested parties can access a live webcast through the investor relations section of their website. The replay will be available until August 11, 2021. Ribbon Communications provides real-time communication software and IP optical transport solutions globally.
Ribbon Communications Inc. (Nasdaq: RBBN) announced that Intrado, a leader in technology-enabled services, has selected its Ribbon Call Trust™ for STIR/SHAKEN compliance to protect against fraud and robocalls. The solution validates caller identity and is crucial for compliance with the FCC's mandate for US service providers to implement STIR/SHAKEN by June 30, 2021. Ribbon's technology includes Session Border Controllers, Media Gateways, and Policy Routing Servers, which provide necessary functions to enhance enterprise customer security.
Ribbon Communications (Nasdaq: RBBN) has partnered with Tombigbee Electric Cooperative and KGPCo to enhance broadband access in rural Northwest Alabama. Utilizing funding from the Rural Digital Opportunity Fund (RDOF) and CARES Act, the project aims to provide ultra-high-speed internet to previously underserved areas. Ribbon's Apollo IP Optical transport technology will enable efficient network transport, enhancing security and lowering costs. The initiative aims to create a Gigabit Ethernet Zone, significantly improving internet access for Tombigbee's member customers.
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