Ribbon Communications Stock Price, News & Analysis

Ribbon Communications (Nasdaq: RBBN) reported second-quarter 2020 revenue of $210 million, up 45% from $145 million in Q2 2019, largely due to the acquisition of ECI Telecom. The company experienced strong demand for its voice-over-IP solutions amid increased work-from-home requirements. However, it posted a GAAP net loss of $8 million, compared to a profit of $49 million a year earlier. The company anticipates third-quarter revenue between $210 million and $220 million and non-GAAP earnings per share of $0.05 to $0.07.

Ribbon Communications (Nasdaq: RBBN) has launched Ribbon Connect, a subscription-based service enhancing Microsoft Teams with voice-calling capabilities. This product aims to tap into the rapidly growing market of unified communications, with over 100 million daily Microsoft Teams users. Ribbon Connect provides a simple, elastically scalable model that allows customers to deploy the service easily without hardware investments. Key benefits include increased Average Revenue Per User (ARPU) and minimal setup time, which enhances the customer experience and expands market reach.

Ribbon Communications (Nasdaq: RBBN) announced that Bharti Airtel, India's leading telco, has chosen its 5G-native Neptune platform to enhance mobile backhaul transport capabilities. This deployment is pivotal for Airtel's network strategy, ensuring readiness for future 5G technologies. The Neptune solution promises high capacity, low latency, and real-time programmability. Airtel's CTO, Randeep Sekhon, expressed confidence in Ribbon's ability to manage this upgrade, which will also utilize Ribbon's cloud-native Muse system for automated service operations. This collaboration signifies an important step towards next-gen network solutions.

Ribbon Communications Inc. (Nasdaq: RBBN) announced participation in the Oppenheimer Virtual Technology, Internet & Communications Conference on August 11, 2020. CEO Bruce McClelland and CFO Mick Lopez will represent the company, showcasing its real-time communications software and network solutions aimed at service providers and enterprises. This participation is part of Ribbon's initiative to modernize networks in the evolving digital landscape.

Ribbon Communications (Nasdaq: RBBN) announced its participation in the Enterprise Connect Digital Conference from August 3-6, 2020. The company will showcase advancements in its cloud and security portfolio, including new calling capabilities for Microsoft Teams and enhanced security features for Amazon Web Services. The event aims to highlight solutions that assist enterprises in adapting to the ongoing global pandemic by utilizing secure unified communications capabilities. Ribbon emphasizes its commitment to open standards and support for a variety of platforms.

Ribbon Communications (Nasdaq: RBBN) has appointed Julio Villafañe as Vice President of Sales for the Caribbean and Latin America (CALA) region. With over 25 years of experience with leading brands like Motorola and Cisco, Villafañe aims to enhance Ribbon's revenue and market presence in CALA. His background includes establishing operations in Argentina, Brazil, and Mexico. Ribbon Communications focuses on delivering innovative communications software and solutions, enhancing customer engagement in a competitive landscape.

Ribbon Communications (Nasdaq: RBBN) announced that IPFone is utilizing its Intelligent Edge portfolio during the COVID-19 pandemic to enable seamless remote work. The EdgeMarc 2900 has facilitated 99.99% uptime, critical for managing increased network demand. This deployment has allowed IPFone to monitor service quality and offer zero-touch provisioning. Ribbon's technology ensures secure and reliable communications for businesses of all sizes. The integration further supports UCaaS and SIP Trunking solutions, positioning Ribbon as a key player in providing essential network services during ongoing remote work challenges.

Ribbon Communications (Nasdaq: RBBN) announced the appointment of three new directors to its Board effective June 19, 2020: Shaul Shani, Mariano de Beer, and Tanya Tamone. These appointments follow the resignation of three board members on June 18, 2020, and are part of a strategic move after Ribbon's merger with ECI Telecom, which granted the Swarth Group a 17.8% stake in the company. Additionally, Patrick Macken has been appointed as EVP and Chief Legal Officer, succeeding Justin Ferguson. The new board members bring significant international experience to facilitate Ribbon’s growth ambitions.