Ribbon Communications Stock Price, News & Analysis

Ribbon Communications (Nasdaq: RBBN) is set to report its third-quarter 2022 financial results on October 26, 2022, after market close. Following this, a conference call will be held at 4:30 p.m. ET to discuss the results with the financial community. Investors can access the call through a live webcast on the company's investor relations website, where a replay will also be available later. Ribbon specializes in real-time communications technology and IP optical networking solutions, catering to major service providers and enterprises.

Ribbon Communications (Nasdaq: RBBN) announced its Apollo TM400_2 400G Dual Transponder-Muxponder has received a 4 Diamonds recognition in the 2022 Broadband Technology Report Diamond Technology Reviews. This solution is noted for its compact and low power design, catering to both 400GbE and 100GbE clients, and supports efficient transport over ROADM-based OTN mesh networks. The recognition confirms Ribbon's innovative contributions to the broadband cable industry, highlighting its role in helping service providers lower costs and enhance service availability.

On September 20, 2022, Ribbon Communications (NASDAQ: RBBN) announced its partnership with French telecom provider Paritel to implement its STIR/SHAKEN solution. This initiative aims to comply with the 'Loi Naegelen' set for July 2023, which mandates measures against telephony-based fraud. Paritel's Telecom Infrastructure Manager emphasized the need to restore trust in the phone network, while Ribbon's solutions will enhance security and caller identity verification. This deployment highlights Ribbon's expertise and longstanding relationship with Paritel in the telecom sector.

Ribbon Communications (Nasdaq: RBBN) has appointed Scott Mair, former President of AT&T Networks Engineering and Operations, to its Board of Directors. Mair's extensive experience in 5G mobile networks and cybersecurity is expected to enhance Ribbon's strategic direction. His appointment increases the Board size to nine members, with Mair serving on the Audit and Technology Committees. Ribbon aims to leverage Mair's expertise to strengthen its position in the competitive telecom industry.

Ribbon Communications has announced a successful securities purchase agreement, raising approximately $52 million in a private placement of common stock. Led by Neuberger Berman, major investors include JPMorgan Chase and Swarth Investments. The company will issue about 17,050,000 shares at a price of $3.05 per share, with the transaction expected to close on August 16, 2022. Proceeds will support general corporate purposes, including capital expenditures and debt repayment, enhancing the company's financial flexibility for product development and profitable growth.

Ribbon Communications reported a sequential revenue growth of 19% to $206 million for Q2 2022, up from $173 million in Q1 2022, but down from $211 million in Q2 2021. Despite this, gross margin improved by 600 basis points to 51%. The net loss for the quarter was $30 million, impacted by a non-cash loss of $12 million related to investments. For Q3 2022, the company projects revenue of $210 million to $225 million and expects full-year revenue between $840 million to $870 million.

Ribbon Communications has partnered with Poly and TD SYNNEX to introduce the Get Connected bundle, designed to facilitate the adoption of Microsoft Teams for remote and hybrid work environments. This solution features Ribbon Connect and Poly's CCX 600 desk phones or P15 video bars, allowing seamless voice connectivity.
Available through TD SYNNEX, enterprises can test the solution free for 60 days, aiming to enhance employee productivity and engagement.

Ribbon Communications (Nasdaq: RBBN) has partnered with BoFiNet to enhance Botswana's national backbone network, essential for high-bandwidth connectivity. The upgrade includes a multi-terabit optical network utilizing Ribbon's DWDM transport and OTN switching technology, offering up to 48 channels at 200G, with scalability to 400G. This initiative supports over 75 service providers and aims to drive economic growth and modernize telecommunications in Botswana. The collaboration reflects Ribbon's commitment to delivering advanced networking solutions across Africa.

Ribbon Communications (Nasdaq: RBBN) plans to report its second quarter 2022 financial results on July 27, 2022, after market close. A conference call will follow at 4:30 p.m. ET for analysts and investors to discuss the results. The call will be accessible through the company's investor website, with a replay available after the call until August 11, 2022. Ribbon provides real-time communications technology and IP optical networking solutions to service providers and enterprises worldwide.