Ribbon Communications Stock Price, News & Analysis

Ribbon Communications Inc. (RBBN) announced its Session Border Controller (SBC) portfolio now supports Microsoft's Operator Connect service, enhancing connectivity for service providers using Microsoft Teams. This move solidifies Ribbon's position with existing customers already leveraging its SBCs. The SBCs deliver essential reliability, scale, and interoperability needed for Operator Connect, with offerings such as the SBC Software Edition, SBC 5400, and SBC 7000. Additionally, Ribbon offers services like Ribbon Connect for seamless enterprise transitions to Teams.

Ribbon Communications (Nasdaq: RBBN) announced the upgrade of Cinia's backbone transport network in Finland and Northern Europe using its Apollo OTN Transport and Switching platforms. This enhancement focuses on high capacity, low latency, and increased resilience, leveraging the Apollo 9600 and 9900 series. This upgrade allows Cinia to respond effectively to market demand and expand their service offerings without interruption. Ribbon aims to improve competition and performance in digital communications.

Orion Innovation has announced a strategic multi-year agreement with Ribbon Communications (NASDAQ:RBBN) and American Virtual Cloud Technologies (NASDAQ:AVCT). This partnership will enhance Orion's digital product development services, utilizing over 400 engineers from a newly established R&D center in Istanbul. The agreements will expand Orion's capabilities in telecommunications, solidifying its position with blue-chip clients. Orion has recently invested in growth with additional R&D centers in Romania and Turkey, aiming to deepen domain expertise and deliver innovative solutions in Europe and the US.

Ribbon Communications (Nasdaq: RBBN) announced a third amendment to its credit agreement, increasing its Term Loan A by $75 million. This increase, supported by new and existing banks, allows the company to pay off a higher interest Term Loan B. The move is designed to enhance Ribbon's capital structure and improve loan covenant terms. The funding reflects strong market endorsement, bolstering Ribbon's strategy as it aims to become a global technology leader.

Ribbon Communications (Nasdaq: RBBN) announced certification of its Enterprise Session Border Controller (eSBC) portfolio with Twilio Elastic SIP Trunks, enabling Microsoft Teams Direct Routing capabilities. This certification allows enterprises to utilize Teams as their phone system, leveraging Twilio's Elastic SIP Trunking service. The eSBCs offer advanced interoperability and security, with rapid deployment options across cloud platforms like AWS and Azure. Ribbon's solutions enhance bandwidth utilization and ensure continuous calling capabilities during Microsoft 365 outages.

Ribbon Communications (Nasdaq: RBBN) announced the deployment of its Session Border Controller Software Edition (SBC SWe) by Emily Cooperative Telephone, enhancing security and simplifying SIP trunk routing for business customers in Central Minnesota. The SBC SWe provides advanced encryption, Microsoft Teams Direct Routing support, and scalable performance. Ribbon's longstanding relationship with Emily Tel emphasizes its commitment to delivering reliable communications solutions, showcasing industry-leading technology tailored for service providers.

Ribbon Communications reported a strong financial performance for Q4 and FY 2020, with Q4 revenue reaching $244 million, a 52% increase from $161 million in Q4 2019. Total revenue for 2020 was $844 million, up 50% from $563 million in 2019. The acquisition of ECI Telecom contributed significantly, adding $89 million in Q4 and $261 million for the year. The company also achieved record adjusted EBITDA and reported a GAAP net income of $124 million in Q4. For 2021, Ribbon projects revenue between $925 million and $945 million.

Ribbon Communications (Nasdaq: RBBN) announced an Asset Purchase Agreement with Hermon Laboratories to sell its QualiTech division, which provides testing and standardization services. This strategic move allows Ribbon to sharpen its focus on its core IP Optical Networks and Cloud and Edge businesses. Under the agreement, Hermon Laboratories will continue to offer testing services, retaining the QualiTech team. The transaction is pending regulatory approval and is expected to close in Q2 2021.