Ribbon Communications Stock Price, News & Analysis

Ribbon Communications (Nasdaq: RBBN) announced that Evolutio has upgraded its network using Ribbon's Virtual C20, becoming the first European provider to implement this solution. This upgrade aims to enhance call control capabilities while reducing operational costs and energy consumption. Evolutio's CIO emphasized the importance of modernizing their technology to meet customer needs efficiently. The Virtual C20 facilitates network transformations and allows service providers to integrate various last-mile architectures without extensive infrastructure changes.

Ribbon Communications Inc. (RBBN) has appointed Dan Redington as the new Executive Vice President of Sales for the Americas, effective early 2023. He succeeds Steven Bruny, who is retiring after over 16 years with the company. Redington brings over 30 years of experience from Juniper Networks, where he excelled in the Service Provider sector. His extensive background in IP Routing, Security, and sales organization development is expected to support Ribbon's strategy to enhance their presence in the global market, particularly amidst growing investments by service providers in advanced network capabilities.

CBTS has partnered with Ribbon Communications to enhance the delivery of Operator Connect for Microsoft Teams. The integration of Ribbon Connect allows CBTS to expedite the deployment process, enabling businesses to transition from legacy phone systems to a digital engagement model. This partnership aims to provide a more secure, streamlined, and efficient customer experience. By leveraging Operator Connect Accelerator, CBTS enhances its service offerings, solidifying its position as a leading telecom service provider.

Ribbon Communications (Nasdaq: RBBN) announced that CBTS is utilizing Ribbon Connect to implement Operator Connect Accelerator for Microsoft Teams. This collaboration aims to streamline the transition to hybrid work models by enabling organizations to adopt Microsoft Teams with telephony services seamlessly. Ribbon Connect delivers a comprehensive set of tools to simplify service provisioning and billing. The deployment enhances CBTS's position as a telecom leader by accelerating time to market and improving customer experiences.

Ribbon Communications announced the launch of Ribbon Connect for Webex, enhancing the ability of telecom providers to offer telephony services globally. This SaaS solution simplifies the integration with Webex Calling, facilitating faster access to new revenue streams for service providers. It is designed to reduce the complexity and costs associated with cloud migrations, providing customers with a wider range of PSTN options. The collaboration aims to empower service providers to retain clients moving to cloud-based solutions.

Ribbon Communications (RBBN) reported a 20% revenue increase in its IP Optical Networks segment for Q3 2022, totaling $207 million, slightly down from $210 million a year earlier. The bookings-to-revenue ratio improved significantly to 1.28x, with a notable 1.45x for IP Optical Networks. Gross margins rose by 10 percentage points sequentially, although GAAP net loss decreased to $18 million. Looking ahead, Q4 2022 revenue is projected between $220 million to $240 million.

Ribbon Communications (Nasdaq: RBBN) announced the certification of its Session Border Controllers (SBCs), including SBC 5400, SBC SWe, SBC SWe Edge, SBC 1000, and SBC 2000, for Google's SIP Link, enhancing Google Cloud's telephony services for global business customers. This collaboration aims to improve connectivity and security across business communications and support hybrid work environments. Tony Scarfo, EVP, emphasized the significance of SIP Link in advancing cloud-based voice services for improved employee productivity worldwide.

Ribbon Communications (Nasdaq: RBBN) has been awarded a network modernization project by MEPSO, the electricity transmission operator in Macedonia, in partnership with Infosoft Systems. This project aims to enhance the network's automation and intelligence, reducing emissions while improving safety and offering new services. By utilizing Ribbon's Neptune, Apollo, and Lightsoft solutions, MEPSO is set to modernize its operations, positioning itself as a leader in the Balkans. This collaboration underscores Ribbon's commitment to delivering advanced technology for critical infrastructures.