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. (Nasdaq: RBBN) delivers secure real-time communications technology and IP optical networking solutions for global service providers and enterprises. This news hub provides investors and industry professionals with essential updates on strategic developments, financial performance, and technological innovations.
Access curated press releases and analysis covering earnings announcements, product launches, network modernization initiatives, and partnership agreements. Our repository simplifies tracking of RBBN's progress in cloud-native solutions, 5G infrastructure support, and secure enterprise communications systems.
Key updates include developments in both operational segments: Cloud & Edge solutions for VoIP and real-time applications, and IP Optical Networks advancements supporting high-capacity data transport. Stay informed about regulatory filings, leadership changes, and technology patents that impact RBBN's market position.
Bookmark this page for streamlined access to verified information about Ribbon's network security enhancements, customer deployments, and industry conference participation. Check regularly for objective reporting on developments affecting telecom infrastructure modernization and enterprise communication solutions.
Ribbon Communications reported 7% revenue growth year-over-year, with first-quarter 2023 revenue of $186 million compared to $173 million in Q1 2022.
Notable increases include a 62% rise in Cloud & Edge sales to enterprises and a 13% increase in IP Optical Networks revenue.
The company maintains a positive outlook for 2023, anticipating second-quarter revenue between $205 million and $215 million, alongside improved gross margins and EBITDA projections.
Despite a net loss of $38 million for the quarter, Ribbon made strides in enhancing its capital structure with an $80 million debt repayment and a 4% reduction in operating expenses. Cash reserves stood at $46 million.
Ribbon Communications (Nasdaq: RBBN) announced a partnership with Legos to implement the STIR/SHAKEN solution, ensuring compliance with the French regulatory body ARCEP by the July 2023 deadline. This collaboration aims to enhance call trust and reduce telephony fraud for Legos customers. The STIR/SHAKEN solution will facilitate caller identity authentication and certificate management, while Legos will also integrate Ribbon's core SBC and PSX for improved VoIP services. Ribbon emphasizes the importance of this deployment in safeguarding customer networks against malicious calls. The partnership reflects Ribbon's commitment to adapting to regulatory demands in Europe and the USA.
Ribbon Communications (Nasdaq: RBBN) has partnered with Valley Telecommunications to enhance network capabilities, providing a significant tenfold increase in bandwidth for users in South Dakota. This upgrade utilizes Ribbon's Apollo Optical Transport and Neptune IP Routing solutions, promising to improve broadband services for local residents and businesses. The collaboration will enable Valley Telecommunications to offer enhanced security and diverse services, addressing demands for greater bandwidth and mobile support. This partnership exemplifies Ribbon's commitment to advancing communication technology.
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