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) appointed Sean Matthews as Executive Vice President of Corporate Development and Strategy, effective immediately. Matthews will report to CEO Bruce McClelland and lead Ribbon's business development and strategy efforts. He brings a strong track record from his previous roles at TiVo and ARRIS Group, including experience in multi-billion-dollar transactions. Matthews expressed enthusiasm to join Ribbon, emphasizing plans to strengthen its position in the global communications sector amidst evolving market dynamics.
Ribbon Communications Inc. (Nasdaq: RBBN) has been awarded the Company of the Year (Telecommunications) at the 2020 BIG Awards for Business by the Business Intelligence Group. This recognition comes after Ribbon's significant merger with ECI, which doubled the company's size and expanded its solutions portfolio. The award highlights Ribbon's commitment to providing innovative communication solutions to service providers and enterprises, especially in response to the global pandemic challenges. This achievement reflects the company's resilience and adaptability in a rapidly changing market.
Ribbon Communications Inc. (Nasdaq: RBBN) announced its participation in the Needham Security, Networking, and Communications Conference on November 17, 2020, at 10:15 a.m. ET. The presentation will feature key executives, including Bruce McClelland, Mick Lopez, and Sam Bucci. Attendees can access the live audio webcast on the Ribbon Communications Investor Relations website, which will also host an archived replay. Ribbon specializes in real-time communications software and network solutions, enhancing competitive positioning for service providers and enterprises.
Ribbon Communications (Nasdaq: RBBN) announced that RingLogix has implemented its SBC Software Edition Lite to enhance and secure its Microsoft Teams Direct Routing solution. This integration allows RingLogix to offer brands the ability to activate and auto-provision Direct Routing easily. The SBC SWe Lite provides a Microsoft-certified and reliable interconnection between the RingLogix and Microsoft clouds, supporting thousands of concurrent sessions at a cost-effective rate. This deployment exemplifies Ribbon's capability to assist service providers in adopting Microsoft Teams for seamless communication.
Ribbon Communications (Nasdaq: RBBN) announces an expansion of Lepida ScpA's broadband network in partnership with TIM. This upgrade aims to address the growing bandwidth demands of public administrations in Emilia-Romagna, fueled by digitization and COVID-19. Key features include the deployment of Apollo solutions, providing enhanced connectivity and encrypted services. The network will utilize Gigabit Ethernet and OTN switches for efficient resource allocation. This initiative is crucial for supporting public entities as they adapt to increased digital requirements.
Ribbon Communications (RBBN) reported Q3 2020 revenue of $231 million, a 68% increase from $138 million in Q3 2019, largely driven by the ECI Telecom acquisition. Adjusted EBITDA reached a record $43 million
Despite a GAAP net income of $6 million, the company recorded a net loss of $35 million for the nine-month period. Looking forward, RBBN forecasts Q4 revenue between $235 million and $245 million and a non-GAAP earnings per share of $0.12 to $0.14.
Ribbon Communications Inc. (RBBN) has launched the Apollo 9901X platform and MIO700 blade to enhance Optical Transport Network (OTN) switching capabilities, providing cost-effective connectivity solutions. This innovation extends OTN switching from core to metro networks, enabling faster provisioning and automated restoration. The Apollo 9901X supports up to twenty business services and features optical encryption for added security. The MIO700 blade offers a 400G DCO uplink and scalability up to 2.8T capacity, positioning Ribbon as a leader in programmable optical networks.
Ribbon Communications (Nasdaq: RBBN) announced the launch of two managed services: STIR/SHAKEN-as-a-Service and Reputation Scoring, enhancing its Call Trust portfolio aimed at combating robocalls and fraud. These solutions help service providers meet regulatory mandates cost-effectively without needing their own infrastructure. The STIR/SHAKEN service simplifies compliance with U.S. and Canadian mandates, while Reputation Scoring provides real-time call handling recommendations. These innovations leverage Ribbon's Identity Hub, a cloud-native platform offering comprehensive identity assurance services.
Ribbon Communications (Nasdaq: RBBN) has announced that Vivo, a major telecommunications company in Brazil, will utilize its Session Border Controller Software Edition (SBC SWe) to enhance VoIP access and peering services. This partnership aims to improve service reliability and operational efficiency while allowing scalability in a cloud-native environment. The SBC SWe minimizes capital expenditures through on-demand resource allocation, marking a significant step in their ongoing relationship. This development indicates Ribbon's commitment to providing innovative solutions to Tier 1 operators.
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