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Ribbon Communications Inc. - RBBN STOCK NEWS

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.

News

Ribbon and Cisco Demonstrate 1.2 Tbps Interoperability at OFC 2024

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Ribbon Communications Inc. achieves interoperability of 1.2T optical transmission with Cisco, showcasing a new era of multivendor ecosystem for high-speed optical transmission.
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Ribbon Named to Newsweek's Greatest Workplaces for Women 2024

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Ribbon Communications Inc. has been recognized as one of America's Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group. The company's commitment to creating a supportive environment for women is evident through various initiatives and programs aimed at promoting inclusivity and leadership development. This recognition showcases Ribbon's dedication to gender equality and highlights its innovative approach to fostering a positive work culture.
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Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

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Ribbon Communications Inc. (Nasdaq: RBBN) reports strong 2023 earnings growth with revenue reaching $826 million, a $6 million increase from 2022. The company achieved profitability in the IP Optical Networks segment for the second half of the year, with sales exceeding $100 million in the fourth quarter. Adjusted non-GAAP EBITDA improved by $27 million to $91 million, showcasing a 41% increase compared to 2022.
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Ribbon's IP Optical Solutions Selected by American Electric Power for Supply Chain Reliability and Enhanced Network Capabilities

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Ribbon Communications Inc. announces a partnership with American Electric Power to provide IP and Optical products to support AEP's critical communications needs. The agreement emphasizes the importance of fast delivery and targeted solutions in the utilities sector. Ribbon's solutions aim to help AEP digitize their assets, meet regulatory and security mandates, reduce carbon emissions, and improve maintenance, safety, and security.
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Ribbon Communications to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024

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Ribbon Communications Inc. (RBBN) to report financial results for Q4 and full year of 2023 on February 14, 2024. The company will host a conference call to discuss the results and offer a live webcast. Details for the call and replay are provided in the press release.
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Ribbon Honored with "Rise and Shine" Award from MTN GSSC - Global Sourcing and Supply Chain

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Ribbon Communications Inc. (Nasdaq: RBBN) has received the 'Rise and Shine' award from GSSC, the Global Procurement Arm of MTN Group, for its commitment and long-term partnership with MTN. Since joining MTN Group's supplier base in 2020, Ribbon has proven itself as a reliable supplier, deploying Session Border Controller (SBCs) and high-capacity self-healing Dense Wavelength Division Multiplexing (DWDM) solutions across markets. The award reflects the strong collaboration and success between Ribbon and MTN, as acknowledged by Dirk Karl, Group Executive Global Sourcing & Supply Chain, and Bruce McClelland, President and CEO, Ribbon.
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Ribbon Recognized in Newsweek's List of America's Most Responsible Companies

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Ribbon Communications Inc. (Nasdaq: RBBN) has been named to Newsweek's list of America's Most Responsible Companies of 2024, ranking sixth in the software and telecommunications industry. The company's holistic approach to corporate responsibility, including ESG factors, has been recognized based on research and sentiment analysis. Ribbon's annual sustainability report highlights its progress on strategic targets, emphasizing social and environmental impact, governance, and ethical conduct.
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Interlink Telecom Selects Ribbon for DCI Solution

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Ribbon Communications Inc. (Nasdaq: RBBN) announces providing Interlink Telecom Public Company Ltd, a leading Thai network services provider, with a Data Center Interconnect solution using an Apollo optical networking platform. The solution leverages the flexibility of the Apollo 9901X access OTN switch to map multiple data center services onto high-speed DCI links under software control. This partnership highlights Ribbon's commitment to excellence in after sales support, speedy execution, and dedication to delivering equipment and services on time. Nuttanai Anuntarumporn, CEO of ITEL, expressed confidence in Ribbon for critical and urgent projects, emphasizing their ability to exceed expectations and deliver within tight timeframes. Drazen Lukic, Ribbon's SVP Global Product Management and Operations IP Optical Networks, expressed pride in working with ITEL and their ability to deliver fast project execution, with an optimistic outlook for future collaboration.
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BroadSource Partners with Ribbon to Enhance Credit Card Data Security

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Ribbon Communications Inc. (Nasdaq: RBBN) announced that global solutions provider BroadSource has selected Ribbon's SBC SWe as a key component in its Payment Card Industry Data Security Standard (PCI-DSS) compliant secure payments system, SecureCall. This innovative cloud solution allows merchants of any size to comply with evolving PCI standards and secure customer card payments made over the phone in various environments. The solution leverages Ribbon's award-winning SBC technology and is deployed as a cloud service, freeing merchants from new technology investments.
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W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

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Ribbon Communications Inc. (Nasdaq: RBBN) announced that W3TEL, a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations, and fulfill French government mandates around call security. W3TEL has chosen Ribbon's STIR/SHAKEN solution to meet requirements for caller identity authentication, signing, verification, and certificate management as defined by French law. This partnership aims to streamline network management and meet regulatory obligations while supporting business growth.
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FAQ

What is the current stock price of Ribbon Communications (RBBN)?

The current stock price of Ribbon Communications (RBBN) is $3.89 as of November 15, 2024.

What is the market cap of Ribbon Communications (RBBN)?

The market cap of Ribbon Communications (RBBN) is approximately 684.0M.

What does Ribbon Communications Inc. specialize in?

Ribbon Communications specializes in providing communications software, IP, and optical networking solutions to service providers, enterprises, and critical infrastructure sectors globally.

What are the main business segments of Ribbon Communications Inc.?

Ribbon operates through two main segments: the Cloud and Edge segment, which focuses on secure and reliable communications solutions, and the IP Optical Networks segment, which provides networking solutions for 5G.

Which segment generates the majority of Ribbon’s revenue?

The Cloud and Edge segment generates the majority of Ribbon Communications' revenue.

What were Ribbon Communications' revenue and EBITDA for 2023?

For the full year 2023, Ribbon Communications reported a revenue of $826 million and an adjusted non-GAAP EBITDA of $91 million.

What is the Ribbon Tech Forum?

The Ribbon Tech Forum is an event hosted by Ribbon Communications to discuss the latest technology and business trends, featuring industry experts and best practices.

What recent partnership has Ribbon Communications announced?

Ribbon recently announced a partnership with BroadSource, integrating its SBC SWe technology into BroadSource's PCI-DSS compliant SecureCall payment system.

How does Ribbon Communications address ESG concerns?

Ribbon Communications addresses ESG concerns by embedding Environmental, Social, and Governance principles into their operations and publishing an annual Sustainability Report.

What are the financial projections for Ribbon Communications in 2024?

Ribbon Communications projects 2024 revenue to be between $840 million to $870 million, with an adjusted EBITDA range of $110 million to $120 million.

How can one stay updated on Ribbon Communications' latest news?

To stay updated on Ribbon Communications' latest news and developments, visit their official site at rbbn.com.

Who are some of Ribbon Communications' notable clients?

Ribbon serves many of the world's largest service providers, enterprises, and critical infrastructure operators, including partnerships with companies like Verizon and BroadSource.

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Ribbon Communications Inc.

Nasdaq:RBBN

RBBN Rankings

#2842 Ranked by Market Cap
N/A Ranked by Dividends

RBBN Stock Data

684.00M
175.38M
17.85%
72.95%
0.75%
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