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. reports developments in real-time communications technology, secure cloud communications, IP routing and optical networking for service providers, enterprises, critical infrastructure and defense customers. Recurring updates cover quarterly results, bookings commentary, customer network modernization projects, high-capacity optical routes, and products such as Apollo 9608, Muse and the Acumen AIOps platform.
Company news also includes cloud-native voice communications initiatives, including work with Amazon Web Services, as well as investor conference participation and governance changes. Ribbon’s updates commonly connect demand for 5G, broadband, data center interconnect, private optical networks and autonomous-network automation with its communications software and IP Optical portfolio.
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.
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Ribbon Communications (Nasdaq: RBBN) has partnered with DSTNY Automate to enhance telecom services for Microsoft Teams users. This collaboration utilizes Ribbon's advanced Session Border Controller and API automation technology to streamline the deployment of Teams telephony services.
Together, they offer the Ribbon Connect service, positioned as a certified Operator Connect Accelerator partner. This alliance aims to help service providers deliver high-quality communication solutions swiftly, capitalizing on growing demand for cloud-based services.
Ribbon Communications (Nasdaq: RBBN) announced that Blueline, a telecommunications provider in Madagascar, has selected its Apollo Optical Networking solution to enhance network capacity. This upgrade aims to improve bandwidth and resiliency for faster delivery of communications services. The Apollo 9600 solution will provide multi-service transport capabilities on a 100G backbone, easily upgradeable to 200G. The customized solution includes specialized outdoor cabinets with battery backup for reliability in challenging terrains, ultimately benefiting Blueline’s operational efficiency and customer service.
Ribbon Communications (Nasdaq: RBBN) announced its Partner Program has received a prestigious 5-Star rating in the 2022 Partner Program Guide by CRN®. This recognition highlights Ribbon's commitment to supporting its partners with robust business models, margins, products, and training needed to succeed. The Partner Program empowers partners to enhance their offerings in cloud-centric solutions and IP optical networking, catering to enterprises transitioning to digital environments. This achievement underscores Ribbon's strategy to maintain strong partner relationships in a rapidly evolving technology landscape.
Ribbon Communications (Nasdaq: RBBN) announced that Colt Technology Services has deployed its Microsoft-certified Session Border Controllers (SBCs) in Japan. This integration forms part of Colt's new Intelligent Communications offering, providing enterprises with a secure Microsoft Teams communication experience. The cloud-based SBCs replace traditional on-premises hardware, allowing for quicker migration to Microsoft Teams without substantial upfront costs. This initiative supports digital transformation for businesses, leveraging Colt's vast network for enhanced communication capabilities.
Ribbon Communications (RBBN) announced a partnership with Kontron Transportation to upgrade the SNCF Voyageurs Optical Transport Network in Paris. This project will replace outdated Wavelength Division Multiplexing (WDM) equipment with Ribbon's advanced WDM and OTN switching technology, aimed at enhancing scalability, operational efficiency, and network reliability. The upgraded network will support the increasing bandwidth demands of one of Europe’s largest railway companies. The initiative emphasizes the strategic importance of modernizing critical infrastructure through advanced optical solutions.