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.
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.
Ribbon Communications (Nasdaq: RBBN) announced the development of a groundbreaking 5G hybrid slicing solution in collaboration with Xilinx Inc. The solution aims to enhance next-generation networks by allowing operators to deliver both resource-intensive and low-latency 5G services efficiently. By combining hard and soft slicing, operators can manage traffic on a single infrastructure while ensuring a guaranteed quality of service (QoS). Ribbon will showcase these advancements at its 5G Perspectives virtual event on September 14, 2020.
Ribbon Communications (Nasdaq: RBBN) announced that its subsidiary ECI has been selected by DB Systel GmbH to implement a flexible optical backbone network for Deutsche Bahn AG. This network, part of the 'broaDBand project', will enhance digitization and bandwidth capabilities, ensuring maximum availability and scalability across approximately 100 locations in Germany. The new Dense Wave Division Multiplexing (DWDM) network supports DB Systel's initiatives for providing high-capacity transmission to carriers and service providers.
Numonix and Ribbon Communications (RBBN) have partnered to enhance interaction recording for Microsoft Teams users, offering IXCloud and Ribbon's SBCs. This solution provides compliance with regulations like GDPR, MiFID II, and HIPAA, enabling users to record audio, video, and screensharing efficiently and securely from the cloud. The integration promises zero hardware or software footprint on-premises and eliminates server management within organizations. This innovation aims to support the needs of companies in regulated industries.
Ribbon Communications Inc. (Nasdaq: RBBN) announced its inaugural 5G Perspectives event taking place on September 14, focusing on 5G opportunities for service providers. The virtual event, presented in three sessions to accommodate global time zones, will feature insights from industry experts and Ribbon leaders on new applications and revenue models enabled by 5G technology. Attendees will also learn about the $160 billion 5G Gaming opportunity and how to capitalize on ultra-low latency and flexible networking solutions.
Ribbon Communications (Nasdaq: RBBN) has been selected to modernize the LightNet Research and Education Network at the University of Trieste in collaboration with TIM. This three-year project will replace the legacy network infrastructure, enhancing connectivity for students and faculty. Ribbon’s solutions, including E-Line and E-LAN services from their Neptune and Apollo product lines, will provide high-capacity and scalable network services. This project marks Ribbon’s eighth consecutive win in the research and education sector across Europe and the USA.
Ribbon Communications (Nasdaq: RBBN) will present virtually at the Jefferies Virtual Software Conference on September 14, 2020, at 10:30 a.m. ET. CEO Bruce McClelland and CFO Mick Lopez will lead the presentation.
The event will be accessible live via audio webcast and archived for future listening on the Ribbon Communications Investor Relations site.
Ribbon Communications (Nasdaq: RBBN) reported second-quarter 2020 revenue of $210 million, up 45% from $145 million in Q2 2019, largely due to the acquisition of ECI Telecom. The company experienced strong demand for its voice-over-IP solutions amid increased work-from-home requirements. However, it posted a GAAP net loss of $8 million, compared to a profit of $49 million a year earlier. The company anticipates third-quarter revenue between $210 million and $220 million and non-GAAP earnings per share of $0.05 to $0.07.
Ribbon Communications (Nasdaq: RBBN) has launched Ribbon Connect, a subscription-based service enhancing Microsoft Teams with voice-calling capabilities. This product aims to tap into the rapidly growing market of unified communications, with over 100 million daily Microsoft Teams users. Ribbon Connect provides a simple, elastically scalable model that allows customers to deploy the service easily without hardware investments. Key benefits include increased Average Revenue Per User (ARPU) and minimal setup time, which enhances the customer experience and expands market reach.
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