Ribbon Communications Stock Price, News & Analysis

Ribbon Communications Inc. (Nasdaq: RBBN) will present at the MKM Partners Conference on December 16, 2020, at 9:50 a.m. ET. The conference will feature insights from President and CEO Bruce McClelland and CFO Mick Lopez. This event will be available via live audio webcast and archived replay on the Ribbon Communications' Investor Relations website.

Ribbon Communications (Nasdaq: RBBN) appointed Sean Matthews as Executive Vice President of Corporate Development and Strategy, effective immediately. Matthews will report to CEO Bruce McClelland and lead Ribbon's business development and strategy efforts. He brings a strong track record from his previous roles at TiVo and ARRIS Group, including experience in multi-billion-dollar transactions. Matthews expressed enthusiasm to join Ribbon, emphasizing plans to strengthen its position in the global communications sector amidst evolving market dynamics.

Ribbon Communications Inc. (Nasdaq: RBBN) has been awarded the Company of the Year (Telecommunications) at the 2020 BIG Awards for Business by the Business Intelligence Group. This recognition comes after Ribbon's significant merger with ECI, which doubled the company's size and expanded its solutions portfolio. The award highlights Ribbon's commitment to providing innovative communication solutions to service providers and enterprises, especially in response to the global pandemic challenges. This achievement reflects the company's resilience and adaptability in a rapidly changing market.

Ribbon Communications Inc. (Nasdaq: RBBN) announced its participation in the Needham Security, Networking, and Communications Conference on November 17, 2020, at 10:15 a.m. ET. The presentation will feature key executives, including Bruce McClelland, Mick Lopez, and Sam Bucci. Attendees can access the live audio webcast on the Ribbon Communications Investor Relations website, which will also host an archived replay. Ribbon specializes in real-time communications software and network solutions, enhancing competitive positioning for service providers and enterprises.

Ribbon Communications (Nasdaq: RBBN) announced that RingLogix has implemented its SBC Software Edition Lite to enhance and secure its Microsoft Teams Direct Routing solution. This integration allows RingLogix to offer brands the ability to activate and auto-provision Direct Routing easily. The SBC SWe Lite provides a Microsoft-certified and reliable interconnection between the RingLogix and Microsoft clouds, supporting thousands of concurrent sessions at a cost-effective rate. This deployment exemplifies Ribbon's capability to assist service providers in adopting Microsoft Teams for seamless communication.

Ribbon Communications (Nasdaq: RBBN) announces an expansion of Lepida ScpA's broadband network in partnership with TIM. This upgrade aims to address the growing bandwidth demands of public administrations in Emilia-Romagna, fueled by digitization and COVID-19. Key features include the deployment of Apollo solutions, providing enhanced connectivity and encrypted services. The network will utilize Gigabit Ethernet and OTN switches for efficient resource allocation. This initiative is crucial for supporting public entities as they adapt to increased digital requirements.

Ribbon Communications (RBBN) reported Q3 2020 revenue of $231 million, a 68% increase from $138 million in Q3 2019, largely driven by the ECI Telecom acquisition. Adjusted EBITDA reached a record $43 million

Despite a GAAP net income of $6 million, the company recorded a net loss of $35 million for the nine-month period. Looking forward, RBBN forecasts Q4 revenue between $235 million and $245 million and a non-GAAP earnings per share of $0.12 to $0.14.

Ribbon Communications Inc. (RBBN) has launched the Apollo 9901X platform and MIO700 blade to enhance Optical Transport Network (OTN) switching capabilities, providing cost-effective connectivity solutions. This innovation extends OTN switching from core to metro networks, enabling faster provisioning and automated restoration. The Apollo 9901X supports up to twenty business services and features optical encryption for added security. The MIO700 blade offers a 400G DCO uplink and scalability up to 2.8T capacity, positioning Ribbon as a leader in programmable optical networks.