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 (Nasdaq: RBBN) announced preliminary financial results for Q4 2021, projecting $231 million in revenue with a 50% gross margin. Operating loss is set at $4 million and adjusted EBITDA at $26 million. Demand surged with a 10% sequential sales growth, however, supply chain challenges caused a $10 million sales shortfall. The IP Optical Networks segment saw a growth of over 20% quarter-over-quarter, reaching $83 million. Cash on hand increased to $106 million.
Ribbon Communications (Nasdaq: RBBN) announced a collaboration with IPS to enhance submarine connectivity services in the South China Sea, utilizing its Apollo Optical Networking solution. This partnership supports 100Gigabit Ethernet (100GbE) services over 2,500 km of cables connecting Manila, Hong Kong, and Singapore. Ribbon's technology enables IPS to maximize capacity and efficiency in data transmission, which is critical for delivering high-quality communication services.
Ribbon Communications (Nasdaq: RBBN), a leading provider of real-time communications software, will present at the Needham Growth Conference from January 11-14. The President and CEO, Bruce McClelland, alongside CFO Mick Lopez will engage in a fireside chat on January 14 at 2:45 PM ET. This event will be accessible via live webcast and archived on the company's Investor Relations website. Ribbon specializes in solutions for service providers and enterprises, enhancing network modernization and performance globally.
Ribbon Communications Inc. (Nasdaq: RBBN) has launched its SBC CNe Edge, enhancing its cloud-native Session Border Controller portfolio. This new offering aims to optimize performance and scalability for enterprises migrating their operations to public, private, or hybrid clouds. With the capability to handle up to 100,000 users, SBC CNe Edge reduces cloud costs by up to 50%. The product will be available on the Microsoft Azure Marketplace soon. Ribbon's leadership in SBC solutions was recently affirmed by GlobalData.
Ribbon Communications (Nasdaq: RBBN) has partnered with Bezeq, Israel's largest telecommunications provider, to build a new flexgrid 400G optical backbone network. This upgrade aims to manage increasing consumer and business IP traffic effectively. The project leverages Ribbon's Apollo optical transport platforms for improved scalability and cost efficiency. Bezeq's VP Engineering emphasized the need for a solution ready to handle today's and tomorrow's traffic. The collaboration underscores Ribbon's commitment to enhancing network capabilities for its clients.
Ribbon Communications announced that its Ribbon Call Trust solution won the 2021 Pipeline Innovation Awards in the Assurance category. This award highlights innovations that combat robocalls and fraud attacks, helping service providers secure their operations and revenue. The Ribbon Call Trust solution uses a cloud-hosted Reputation Scoring service to analyze caller identity and mitigate fraudulent activities. Ribbon's cloud-native platform also enhances operational scalability and reliability, ensuring effective integration of data sources.
Ribbon Communications Inc. (Nasdaq: RBBN) announced a partnership with Moratelindo, Indonesia's second-largest broadband provider, to enhance network capacity. This collaboration includes a significant upgrade of the Sumatra backbone to 3.6 Terabits per second and a 280-kilometer subsea link to Singapore with an additional 2 Terabits of capacity. The upgrades enable a 200G network that is 400G-ready, facilitating faster service deployment. This strategic win positions Ribbon advantageously in a rapidly growing communication market.
Ribbon Communications Inc. (Nasdaq: RBBN) has announced an expansion of its distribution agreement with Westcon-Comstor, now covering ten additional countries in the Asia-Pacific region. This move enables enterprises with multi-country operations to streamline services, including a single order process and expedited delivery options. The expansion is timely, given the rising demand for cloud services. Countries involved include Australia, India, Japan, and others, enhancing Ribbon's market presence and operational efficiency in key APAC markets.
Ribbon Communications (Nasdaq: RBBN) announced its participation in the Needham Virtual Security, Networking & Communications Conference from November 15-18. CFO Mick Lopez will present on November 16 at 9:30 AM ET. The presentation will be accessible via a live webcast and archived replay on the company's Investor Relations website.
Ribbon provides real-time communications software and IP optical transport solutions globally, focusing on enhancing network modernization for enterprises and service providers.
Ribbon Communications Inc. (Nasdaq: RBBN) will launch the Ribbon Spotlight virtual event series on November 18. This series aims to showcase advancements in communications software and IP optical transport solutions. Key speakers include Sam Bucci and Tony Scarfo, who will discuss topics such as 'IP WAVE' and transitioning to 'Telco Cloud' for enhanced 5G services. Interested participants can register for the webinars at investors.ribboncommunications.com.