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), a leader in real-time communications software and IP optical transport solutions, will present at two significant investor conferences. The first is the J.P. Morgan Global Technology, Media and Communications Conference from May 24-26, 2021, featuring a fireside chat with CEO Bruce McClelland and CFO Mick Lopez on May 25 at 9:30 am ET. The second is the Cowen Annual Technology, Media & Telecom Conference from June 1-3, 2021, with a presentation at 3:10 pm ET on June 1. Webcasts will be available on their investor relations site.
Ribbon Communications (RBBN) reported a 22% increase in revenue for Q1 2021, totaling $193 million, up from $158 million in Q1 2020. This growth included a $37 million revenue contribution from ECI Telecom. However, the company faced a GAAP net loss of $45 million, which included a $24 million non-cash loss linked to its investment in AVCT. Non-GAAP net income was $5 million, with a diluted EPS of $0.03. For Q2 2021, RBBN expects revenue between $215 million and $225 million, and maintains a full-year revenue guidance of $925 million to $945 million.
On April 26, 2021, Ribbon Communications (Nasdaq: RBBN) announced a partnership with Pineland Telephone Cooperative to enhance its communications network using Ribbon's Apollo and Neptune IP Optical solutions. This upgrade aims to expand network capacity and accommodate growth in demand for gigabit internet services in South Georgia. Pineland's General Manager, Dustin Durden, emphasized Ribbon’s trusted relationship and the critical role of its Professional Services in the project. The upgrade will modernize Pineland's network and improve customer experience.
Ribbon Communications (Nasdaq: RBBN) has earned a prestigious 5-star rating for its partner program in the 2021 CRN Partner Program Guide. This evaluation recognizes companies that excel in channel support, profitability, and comprehensive offerings. The program is designed to assist service providers and enterprises to modernize their networks effectively. The CEO of Cloud Revolution praised Ribbon for its innovative solutions and support. This recognition underscores Ribbon's commitment to delivering cutting-edge communication solutions to a broad market.
Ribbon Communications (Nasdaq: RBBN) will report its first quarter 2021 financial results on April 28, 2021, after market close. A conference call for investors is scheduled for 4:30 p.m. ET on the same day to discuss the results. The call will be accessible via live webcast, with a replay available shortly after. Investors can dial in using the provided numbers, and a replay will be accessible until May 12, 2021. Ribbon specializes in real-time communications software and IP optical transport solutions for various sectors.
Ribbon Communications (Nasdaq: RBBN) announced that its Apollo 9901X and TM 400_2 have received high scores from the 2021 Lightwave Innovation Reviews.
This recognition highlights Ribbon's commitment to innovative optical transport solutions, offering scalable, energy-efficient products. The Apollo 9901X allows for high-speed service provisioning using a single 100G wavelength. The TM 400_2 supports dual 400G muxponder capabilities, optimizing transport for 100GbE and 400GbE services.
Ribbon Communications Inc. (RBBN) announced its Session Border Controller (SBC) portfolio now supports Microsoft's Operator Connect service, enhancing connectivity for service providers using Microsoft Teams. This move solidifies Ribbon's position with existing customers already leveraging its SBCs. The SBCs deliver essential reliability, scale, and interoperability needed for Operator Connect, with offerings such as the SBC Software Edition, SBC 5400, and SBC 7000. Additionally, Ribbon offers services like Ribbon Connect for seamless enterprise transitions to Teams.
Ribbon Communications (Nasdaq: RBBN) announced the upgrade of Cinia's backbone transport network in Finland and Northern Europe using its Apollo OTN Transport and Switching platforms. This enhancement focuses on high capacity, low latency, and increased resilience, leveraging the Apollo 9600 and 9900 series. This upgrade allows Cinia to respond effectively to market demand and expand their service offerings without interruption. Ribbon aims to improve competition and performance in digital communications.
Orion Innovation has announced a strategic multi-year agreement with Ribbon Communications (NASDAQ:RBBN) and American Virtual Cloud Technologies (NASDAQ:AVCT). This partnership will enhance Orion's digital product development services, utilizing over 400 engineers from a newly established R&D center in Istanbul. The agreements will expand Orion's capabilities in telecommunications, solidifying its position with blue-chip clients. Orion has recently invested in growth with additional R&D centers in Romania and Turkey, aiming to deepen domain expertise and deliver innovative solutions in Europe and the US.
Ribbon Communications (Nasdaq: RBBN) announced a third amendment to its credit agreement, increasing its Term Loan A by $75 million. This increase, supported by new and existing banks, allows the company to pay off a higher interest Term Loan B. The move is designed to enhance Ribbon's capital structure and improve loan covenant terms. The funding reflects strong market endorsement, bolstering Ribbon's strategy as it aims to become a global technology leader.
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