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) announced that Bharti Airtel, India's leading telco, has chosen its 5G-native Neptune platform to enhance mobile backhaul transport capabilities. This deployment is pivotal for Airtel's network strategy, ensuring readiness for future 5G technologies. The Neptune solution promises high capacity, low latency, and real-time programmability. Airtel's CTO, Randeep Sekhon, expressed confidence in Ribbon's ability to manage this upgrade, which will also utilize Ribbon's cloud-native Muse system for automated service operations. This collaboration signifies an important step towards next-gen network solutions.
Ribbon Communications Inc. (Nasdaq: RBBN) announced participation in the Oppenheimer Virtual Technology, Internet & Communications Conference on August 11, 2020. CEO Bruce McClelland and CFO Mick Lopez will represent the company, showcasing its real-time communications software and network solutions aimed at service providers and enterprises. This participation is part of Ribbon's initiative to modernize networks in the evolving digital landscape.
Ribbon Communications (Nasdaq: RBBN) announced its participation in the Enterprise Connect Digital Conference from August 3-6, 2020. The company will showcase advancements in its cloud and security portfolio, including new calling capabilities for Microsoft Teams and enhanced security features for Amazon Web Services. The event aims to highlight solutions that assist enterprises in adapting to the ongoing global pandemic by utilizing secure unified communications capabilities. Ribbon emphasizes its commitment to open standards and support for a variety of platforms.
Ribbon Communications (Nasdaq: RBBN) has appointed Julio Villafañe as Vice President of Sales for the Caribbean and Latin America (CALA) region. With over 25 years of experience with leading brands like Motorola and Cisco, Villafañe aims to enhance Ribbon's revenue and market presence in CALA. His background includes establishing operations in Argentina, Brazil, and Mexico. Ribbon Communications focuses on delivering innovative communications software and solutions, enhancing customer engagement in a competitive landscape.
Ribbon Communications (Nasdaq: RBBN) announced that IPFone is utilizing its Intelligent Edge portfolio during the COVID-19 pandemic to enable seamless remote work. The EdgeMarc 2900 has facilitated 99.99% uptime, critical for managing increased network demand. This deployment has allowed IPFone to monitor service quality and offer zero-touch provisioning. Ribbon's technology ensures secure and reliable communications for businesses of all sizes. The integration further supports UCaaS and SIP Trunking solutions, positioning Ribbon as a key player in providing essential network services during ongoing remote work challenges.
Ribbon Communications (Nasdaq: RBBN) announced the appointment of three new directors to its Board effective June 19, 2020: Shaul Shani, Mariano de Beer, and Tanya Tamone. These appointments follow the resignation of three board members on June 18, 2020, and are part of a strategic move after Ribbon's merger with ECI Telecom, which granted the Swarth Group a 17.8% stake in the company. Additionally, Patrick Macken has been appointed as EVP and Chief Legal Officer, succeeding Justin Ferguson. The new board members bring significant international experience to facilitate Ribbon’s growth ambitions.
Ribbon Communications (Nasdaq: RBBN) has announced the release of an enhanced Analytics portfolio designed to support mobile network operators with VoLTE services as they transition to 5G. This new analytics toolset provides a comprehensive view of network performance, improves service quality, and facilitates troubleshooting while reducing operational costs. The portfolio also includes security measures to mitigate fraud and nuisance calls. With advanced real-time communication capabilities, Ribbon aims to help service providers optimize user experiences and efficiently manage network complexities.
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