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 its integration into the IBM Cloud for Financial Services ecosystem on Sept. 10, 2020. This partnership aims to provide financial institutions with secure cloud-based Unified Communications as a Service (UCaaS) offerings through its Kandy Business Solutions. The IBM Cloud platform assists in secure migration for sensitive operations, streamlining communication services. Ribbon's legacy in delivering cloud communication solutions positions it to enhance operational efficiency for financial institutions.
Ribbon Communications (Nasdaq: RBBN) announced the development of a groundbreaking 5G hybrid slicing solution in collaboration with Xilinx Inc. The solution aims to enhance next-generation networks by allowing operators to deliver both resource-intensive and low-latency 5G services efficiently. By combining hard and soft slicing, operators can manage traffic on a single infrastructure while ensuring a guaranteed quality of service (QoS). Ribbon will showcase these advancements at its 5G Perspectives virtual event on September 14, 2020.
Ribbon Communications (Nasdaq: RBBN) announced that its subsidiary ECI has been selected by DB Systel GmbH to implement a flexible optical backbone network for Deutsche Bahn AG. This network, part of the 'broaDBand project', will enhance digitization and bandwidth capabilities, ensuring maximum availability and scalability across approximately 100 locations in Germany. The new Dense Wave Division Multiplexing (DWDM) network supports DB Systel's initiatives for providing high-capacity transmission to carriers and service providers.
Numonix and Ribbon Communications (RBBN) have partnered to enhance interaction recording for Microsoft Teams users, offering IXCloud and Ribbon's SBCs. This solution provides compliance with regulations like GDPR, MiFID II, and HIPAA, enabling users to record audio, video, and screensharing efficiently and securely from the cloud. The integration promises zero hardware or software footprint on-premises and eliminates server management within organizations. This innovation aims to support the needs of companies in regulated industries.
Ribbon Communications Inc. (Nasdaq: RBBN) announced its inaugural 5G Perspectives event taking place on September 14, focusing on 5G opportunities for service providers. The virtual event, presented in three sessions to accommodate global time zones, will feature insights from industry experts and Ribbon leaders on new applications and revenue models enabled by 5G technology. Attendees will also learn about the $160 billion 5G Gaming opportunity and how to capitalize on ultra-low latency and flexible networking solutions.
Ribbon Communications (Nasdaq: RBBN) has been selected to modernize the LightNet Research and Education Network at the University of Trieste in collaboration with TIM. This three-year project will replace the legacy network infrastructure, enhancing connectivity for students and faculty. Ribbon’s solutions, including E-Line and E-LAN services from their Neptune and Apollo product lines, will provide high-capacity and scalable network services. This project marks Ribbon’s eighth consecutive win in the research and education sector across Europe and the USA.
Ribbon Communications (Nasdaq: RBBN) will present virtually at the Jefferies Virtual Software Conference on September 14, 2020, at 10:30 a.m. ET. CEO Bruce McClelland and CFO Mick Lopez will lead the presentation.
The event will be accessible live via audio webcast and archived for future listening on the Ribbon Communications Investor Relations site.
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.