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) will announce its third-quarter 2020 financial results on October 29, 2020, after market close. A conference call with investors will follow at 4:30 p.m. ET. The call will be accessible via a live webcast on the company's investor website, with a replay available shortly after. This event highlights Ribbon's ongoing engagement with the financial community, showcasing its commitment to transparency and investor relations.
Ribbon Communications (Nasdaq: RBBN) announced the certification of its Intelligent Edge Session Border Controller portfolio to provide secure voice services for Zoom Phone. This certification facilitates the integration of Zoom’s communication platform, enhancing its 'Bring Your Own Carrier' capabilities. Ribbon’s SBCs ensure advanced network security and simplify management for organizations. This certification underscores Ribbon's commitment to partnering with top-tier technology providers to meet the growing demands of cloud communications.
Ribbon Communications Inc. (Nasdaq: RBBN) announced on October 14, 2020 that TalkTalk, a UK connectivity provider, has adopted Ribbon's Analytics solution to enhance real-time incident response on its voice services network. This solution utilizes advanced data analysis to identify and mitigate security threats while improving network performance. TalkTalk seeks to ensure reliability and security in its voice services, which are crucial for customer safety. Ribbon's Analytics aids in delivering actionable insights for effective network management.
Ribbon Communications (Nasdaq: RBBN) announced the launch of a new "Pay-As-You-Go" licensing model for its market-leading Session Border Controller Software edition (SBC SWe) available on the AWS Marketplace. This model offers enterprises a flexible and cost-effective solution for purchasing SBC SWe alongside the Amazon Chime Voice Connector, enhancing VoIP traffic management and security. The SBC SWe also supports various applications such as Microsoft Teams and Contact Centers. Ribbon aims to simplify the ordering process, providing significant value to enterprise customers.
On Sept. 24, 2020, Ribbon Communications (Nasdaq: RBBN) announced that Controlled Network Solutions (CNS) is deploying its Ribbon Call Trust™ portfolio to combat robocalls and enhance caller identity verification. Key components include Policy and Routing (PSX) and Secure Telephony Identity (STI), designed to authenticate and verify calls. Ribbon Analytics will provide insights to improve network security and fraud protection. This deployment underscores Ribbon's position in telecommunications technology and its commitment to safeguarding communication integrity.
Ribbon Communications (Nasdaq: RBBN) announced the availability of its Session Border Controller Software Edition Lite (SBC SWe Lite) on Amazon Web Services (AWS) for seamless cloud deployments. This virtualized solution enhances security and simplifies management for hosted unified communications, making it suitable for both small businesses and large enterprises. The SBC SWe Lite offers cost-efficient deployments, reduced public cloud compute costs, and quick installation times, integrating easily with popular Unified Communications as a Service (UCaaS) platforms like Microsoft® 365 Teams.
Ribbon Communications Inc. (Nasdaq: RBBN) has released study findings indicating a significant $150 billion opportunity for carriers by leveraging 5G connectivity in cloud gaming. The survey, conducted with over 5,000 gamers, reveals that 95% of respondents are willing to pay more for enhanced gaming services, with 60% prepared to pay up to $126 per month. The independent research underscores the demand for high-performance networks and suggests that carriers adopting 5G can capitalize on this lucrative market.
Ribbon Communications (Nasdaq: RBBN) announced the appointment of Sam Bucci as Executive Vice President & General Manager of Packet Optical Networks following its acquisition of ECI Telecom. Bucci brings 30 years of experience in the communications sector, including leadership roles at Nokia and Nortel. CEO Bruce McClelland expressed confidence in Bucci's ability to drive Ribbon's strategy in the growing data communications market, particularly in the context of 5G deployment. This newly created role aims to leverage Ribbon's expanded capabilities post-acquisition.
On September 10, 2020, Phonism announced a partnership with Ribbon Communications (Nasdaq: RBBN) to co-develop and market IP device management solutions. This collaboration integrates Phonism's cloud-based management capabilities into Ribbon's EdgeView Service Control Center, enhancing remote configuration and monitoring of various IP endpoints. The partnership aims to streamline provisioning processes, reduce service issues, and optimize operational costs for service providers and enterprises. Phonism's solutions will now be available for immediate use within EdgeView's platform.
Ribbon Communications (Nasdaq: RBBN) announced its integration into the IBM Cloud for Financial Services ecosystem on Sept. 10, 2020. This partnership aims to provide financial institutions with secure cloud-based Unified Communications as a Service (UCaaS) offerings through its Kandy Business Solutions. The IBM Cloud platform assists in secure migration for sensitive operations, streamlining communication services. Ribbon's legacy in delivering cloud communication solutions positions it to enhance operational efficiency for financial institutions.
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