Ribbon Communications Stock Price, News & Analysis

Ribbon Communications (Nasdaq: RBBN) announced that Eastern Slope Rural Telephone upgraded its network using Ribbon's IP and Optical Transport solutions. The Neptune IP Transport and Apollo Optical Transport systems will enhance broadband capacity to meet growing demand and improve speeds for residential and business customers. The project was facilitated through a partnership with KGPCo. Eastern Slope emphasized the need for a reliable, scalable system to support existing services while preparing for future growth.

Ribbon Communications (Nasdaq: RBBN) reported preliminary financial highlights for Q4 2020, achieving GAAP revenue between $243 million and $245 million, exceeding prior guidance of $235 million to $245 million. The company recorded GAAP income from operations of $17 million and an impressive Adjusted EBITDA of $49 million, surpassing estimates of $36 million to $40 million. With a strong cash balance of $136 million, Ribbon anticipates continued growth in 2021, projecting a 10% revenue and earnings increase for the full year.

Ribbon Communications Inc. (Nasdaq: RBBN) has appointed Tom Berry as Vice President of Investor Relations, reporting to CFO Mick Lopez. Berry brings a wealth of experience from his prior roles at CyrusOne and Hewlett Packard Enterprise, with a strong background in investor relations and capital markets. His appointment aims to enhance Ribbon's investor relations efforts and strengthen shareholder value. Ribbon Communications specializes in real-time communications software and IP optical transport solutions, focusing on modernizing networks for improved business outcomes.

Ribbon Communications (Nasdaq: RBBN) has appointed Steve McCaffery as the new Executive Vice President of Sales for the EMEA and APAC regions. McCaffery brings over 30 years of experience in sales and marketing, including a significant role in managing a $2.4B international business at ARRIS. He succeeds Fernando Valdivielso, who left to pursue other interests. CEO Bruce McClelland emphasized McCaffery's proven track record in revenue growth and his potential to execute the company's growth plans effectively.

Ribbon Communications (Nasdaq: RBBN) is expanding its partnership with Synnex (NYSE: SNX) to enhance the availability of its UC&C-enabling Edge solutions in the Caribbean and Latin America (CALA) markets. This collaboration aims to leverage Ribbon's advanced communications solutions, helping Synnex meet the demands of service providers and enterprises. Notable offerings include Microsoft-certified SBCs, analytics, and advanced application server platforms. Both companies believe this expansion will significantly increase market share and provide enhanced value to their partners.

Ribbon Communications (Nasdaq: RBBN) has appointed Switch Connect as its first universal partner in the Australia-New Zealand region. This partnership allows Switch Connect to resell Ribbon’s complete portfolio including Session Border Controllers and security solutions. Rohan Milne, CEO of Switch Connect, emphasized the potential of collaborating on future projects. Robert Inshaw, SVP Asia at Ribbon, expressed confidence in Switch Connect’s ability to enhance market penetration, leveraging its strong industry reputation and experience with leading carriers.

Ribbon Communications has announced that Datora is migrating its network to the cloud-native SBC Software Edition (SBC SWe). This transition enhances network interconnectivity and efficiency, leveraging Ribbon's technology to handle high call traffic with complex routing. Datora's Engineering and Operations Director praised the SBC SWe for its performance during trials. The SBC SWe offers secure real-time communication on any cloud platform, optimizing resource use and reducing capital expenditures. Ribbon aims to facilitate smooth cloud migrations for its clients, ensuring long-term partnerships.

Ribbon Communications announced that Claro Brasil has chosen its SBC Software Edition to enhance and secure its Voice over IP network, benefiting over 60 million subscribers. This deployment allows Claro to expand SIP services across Brazil, ensuring secure interconnections. The SBC SWe's cloud-native design reduces Capex by eliminating costs for unused capacity and provides flexibility to allocate cloud resources. Ribbon emphasizes its strong partnership with Claro and the commitment to support their operational growth.