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 Q1 2022 revenue of $173 million, down from $193 million in Q1 2021. The net loss for the quarter widened to $70 million compared to $45 million in the prior year. Notably, IP Optical Networks sales in North America surged 190% YOY. The company anticipates sequential revenue growth in Q2, projecting revenues between $200 million to $215 million and a non-GAAP diluted EPS of $0.03 to $0.06. Despite supply chain issues, Ribbon's investment in product development aims to boost revenue growth.
Ribbon Communications (Nasdaq: RBBN) announced its partnership with Microsoft to support the Operator Connect Accelerator, enhancing service provider offerings for Microsoft Teams. This initiative aims to streamline deployments, enabling faster market entry for telecom services. Key features include pre-assembled API integration and sales enablement tools, which simplify the selling, provisioning, and billing processes. With over 270 million Teams users, this partnership enhances accessibility to telecom services, positioning teams as a viable alternative to traditional telephony.
Ribbon Communications Inc. (Nasdaq: RBBN) plans to announce its first-quarter 2022 financial results on April 27, 2022, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results. Interested parties can access the live webcast on Ribbon's investor website, where a replay will also be available shortly after. The conference call will include dial-in options for both domestic and international listeners.
Ribbon Communications (Nasdaq: RBBN) showcased its extensive portfolio of secure cloud migration solutions aimed at aiding businesses transition to hybrid work environments during the Channel Partners Conference & Expo held in Las Vegas from April 11-14, 2022. The company highlighted its offerings for Microsoft Teams and Zoom Phone, emphasizing security measures against fraud and robocalls. Through partnerships with firms like Infosys, TD Synnex, and Westcon-Comstor, Ribbon aims to deliver advanced communication solutions, enhancing performance and security for customers, particularly in regulated sectors.
Ribbon Communications (Nasdaq: RBBN) has strengthened its partnership with Continuant, leveraging Ribbon's Microsoft Teams-certified Direct Routing solutions. This collaboration aims to facilitate the transition of large universities, manufacturing firms, and financial institutions to cloud-based Microsoft Teams Phone System capabilities. The partnership supports the growing trend of hybrid work environments. With the integration of Ribbon's technology, Continuant aims to deliver premium managed services globally. The solutions will be showcased at Enterprise Connect from March 21-23 in Orlando.
Ribbon Communications (Nasdaq: RBBN) will exhibit at Enterprise Connect from March 21-23 in Orlando, showcasing solutions for Microsoft Teams, Zoom Phone, and cloud contact center migrations. The company aims to assist enterprises in transitioning to secure cloud communications. Highlights include advanced analytics and an IP Optical portfolio for high-capacity networks. Ribbon and partners Synnex and Poly will introduce a new no-risk bundled offer for Microsoft Teams integration. The participation also includes presentations by key personnel.
Ribbon Communications (Nasdaq: RBBN) has announced a partnership with Odine to enhance voice interconnect services for Turkcell, Turkey's leading telecommunications provider. The collaboration focuses on virtualization and cloudification of services, which will enable cost reductions and operational efficiencies. Turkcell's Chief Technology Officer highlighted Ribbon's expertise as a key reason for their selection. The solution includes Ribbon's SBC SWe and PSX SWe to support Turkcell's digital transformation and improve network agility.
Ribbon Communications (RBBN) reported its Q4 2021 results, showing revenue of $231 million, down from $244 million year-over-year. For 2021, total revenue was $845 million, slightly up from $844 million in 2020. The company noted a net loss of $96 million in Q4, influenced by a $116 million goodwill impairment. IP Optical Networks revenue grew 22% sequentially. Looking forward, RBBN projects 2022 revenue of $850-$880 million, with guidance reflecting a focus on growth despite current supply chain challenges and geopolitical concerns.
Ribbon Communications (Nasdaq: RBBN) has partnered with Infosys to provide an integrated IT Managed Services offering aimed at global enterprises. This collaboration facilitates the transition from legacy PBX systems to the Microsoft Teams Phone System Direct Routing. The solution integrates Ribbon's Microsoft-certified Core and Edge Session Border Controllers and Centralized Policy & Routing features, enhancing communication capabilities for multinational organizations. Already deployed by a major global brand, this offering is designed to streamline voice transformation projects, ensuring flexibility and redundancy.
On February 15, 2022, Ribbon Communications (Nasdaq: RBBN) announced that its Muse Network Planner received high recognition in the 2022 Lightwave Innovation Reviews. This accolade confirms the application's effectiveness in helping service providers optimize network performance and maximize ROI. The Muse Network Planner utilizes a multilayer algorithmic engine to create customized IP Optical networks, enhancing cost efficiency and performance. Ribbon's EVP, Sam Bucci, expressed pride in this recognition, highlighting the increasing challenges service providers face in network optimization.