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) reported preliminary financial highlights for Q4 2020, achieving GAAP revenue between $243 million and $245 million, exceeding prior guidance of $235 million to $245 million. The company recorded GAAP income from operations of $17 million and an impressive Adjusted EBITDA of $49 million, surpassing estimates of $36 million to $40 million. With a strong cash balance of $136 million, Ribbon anticipates continued growth in 2021, projecting a 10% revenue and earnings increase for the full year.
Ribbon Communications Inc. (Nasdaq: RBBN) has appointed Tom Berry as Vice President of Investor Relations, reporting to CFO Mick Lopez. Berry brings a wealth of experience from his prior roles at CyrusOne and Hewlett Packard Enterprise, with a strong background in investor relations and capital markets. His appointment aims to enhance Ribbon's investor relations efforts and strengthen shareholder value. Ribbon Communications specializes in real-time communications software and IP optical transport solutions, focusing on modernizing networks for improved business outcomes.
Ribbon Communications (Nasdaq: RBBN) has appointed Steve McCaffery as the new Executive Vice President of Sales for the EMEA and APAC regions. McCaffery brings over 30 years of experience in sales and marketing, including a significant role in managing a $2.4B international business at ARRIS. He succeeds Fernando Valdivielso, who left to pursue other interests. CEO Bruce McClelland emphasized McCaffery's proven track record in revenue growth and his potential to execute the company's growth plans effectively.
Ribbon Communications (Nasdaq: RBBN) is expanding its partnership with Synnex (NYSE: SNX) to enhance the availability of its UC&C-enabling Edge solutions in the Caribbean and Latin America (CALA) markets. This collaboration aims to leverage Ribbon's advanced communications solutions, helping Synnex meet the demands of service providers and enterprises. Notable offerings include Microsoft-certified SBCs, analytics, and advanced application server platforms. Both companies believe this expansion will significantly increase market share and provide enhanced value to their partners.
Ribbon Communications (Nasdaq: RBBN) has appointed Switch Connect as its first universal partner in the Australia-New Zealand region. This partnership allows Switch Connect to resell Ribbon’s complete portfolio including Session Border Controllers and security solutions. Rohan Milne, CEO of Switch Connect, emphasized the potential of collaborating on future projects. Robert Inshaw, SVP Asia at Ribbon, expressed confidence in Switch Connect’s ability to enhance market penetration, leveraging its strong industry reputation and experience with leading carriers.
Ribbon Communications has announced that Datora is migrating its network to the cloud-native SBC Software Edition (SBC SWe). This transition enhances network interconnectivity and efficiency, leveraging Ribbon's technology to handle high call traffic with complex routing. Datora's Engineering and Operations Director praised the SBC SWe for its performance during trials. The SBC SWe offers secure real-time communication on any cloud platform, optimizing resource use and reducing capital expenditures. Ribbon aims to facilitate smooth cloud migrations for its clients, ensuring long-term partnerships.
Ribbon Communications announced that Claro Brasil has chosen its SBC Software Edition to enhance and secure its Voice over IP network, benefiting over 60 million subscribers. This deployment allows Claro to expand SIP services across Brazil, ensuring secure interconnections. The SBC SWe's cloud-native design reduces Capex by eliminating costs for unused capacity and provides flexibility to allocate cloud resources. Ribbon emphasizes its strong partnership with Claro and the commitment to support their operational growth.
Ribbon Communications (Nasdaq: RBBN) announced that CEO Bruce McClelland and CFO Mick Lopez will present at the 23rd Annual Needham Growth Conference on January 11, 2021, at 10:45 a.m. ET. The presentation will be available live via audio webcast and archived on their Investor Relations page. Ribbon Communications specializes in real-time communications software and solutions for service providers and enterprises, helping them modernize for better business outcomes.
Ribbon Communications Inc. (Nasdaq: RBBN) announced that Totah Communications, serving northeastern Oklahoma and southeastern Kansas, has implemented Ribbon's Neptune 1300 Packet Transport solution. This upgrade enhances Totah's network capacity with 200 Gigabit per second broadband speeds, significantly increasing bandwidth by 20 times. The Neptune 1300 allows Totah to reclaim fiber from its legacy system, pursue new small and medium-sized business customers, and improve Average Revenue Per User (ARPU). Ribbon's competitive pricing and experience were key factors in Totah's decision.
Ribbon Communications Inc. (Nasdaq: RBBN) announced that Mobex, Inc. has deployed its Session Border Controller (SBC) Software Edition (SWe) Lite to enhance Microsoft Teams offerings. This solution allows Mobex customers to make and receive calls from Teams using Direct Routing, ensuring interoperability and robust security. CEO John Dalrymple highlighted the increased demand for remote communication solutions since the pandemic began. Ribbon's SBC SWe Lite is certified for Direct Routing, facilitating secure voice services for Teams users globally.
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