Ribbon Communications Stock Price, News & Analysis

Ribbon Communications (NASDAQ: RBBN) announced it has received a "Top Provider" score in Metrigy's 2023 Customer Experience MetriStar report on Fraud Prevention. This recognition highlights Ribbon's effective fraud prevention solutions, already utilized by over 100 customers. The report is based on a survey of 1,695 participants across 13 countries and ranks ten providers. Ribbon is one of four companies to earn a MetriStar award. Their solutions include a comprehensive Session Border Controller portfolio and voice security analytics. This award is indicative of Ribbon's commitment to delivering measurable business outcomes and modernizing networks for service providers and enterprises.

On April 18, 2023, Ribbon Communications (Nasdaq: RBBN) announced a partnership with JCS Co., Ltd. to distribute its cloud telephony and networking solutions in South Korea. JCS, a seasoned provider of telecommunications solutions, will resell Ribbon Connect for Microsoft Teams Direct Routing and Ribbon's Session Border Controller (SBC) portfolio to large enterprises, SMBs, and government clients. This strategic collaboration aims to enhance communications security and streamline the transition to cloud services, aligning with market trends in unified communications.

Ribbon's offerings are designed to simplify telecom integration with Microsoft Teams, reflecting the company's commitment to support hybrid work environments. This partnership is expected to bolster Ribbon's market presence in a competitive market, benefiting from JCS's established distribution network.

Ribbon Communications (Nasdaq: RBBN) has announced its participation in the MPLS SD & AI NET 2023 conference, showcasing its advanced IP Optical solutions aimed at enhancing network performance and ROI for service providers. The company will feature a live demo of its IP Wave technology and the Muse multi-layer orchestrator, critical for integrating IP routing and optical networking. Additionally, Ribbon intends to highlight its participation in EANTC's MPLS SDN interoperability test to promote an interoperable ecosystem. COO Sam Bucci emphasized the need for agile solutions to help customers address network challenges. Ribbon's David Stokes will present on disaggregation on April 20.

Ribbon Communications (NASDAQ: RBBN) announced its partnership with SkyLine, a North Carolina telecommunications provider, to implement a comprehensive IP and Optical network solution. This collaboration aims to enhance SkyLine's service capabilities, aligning with their long-standing experience with Ribbon's offerings. SkyLine will leverage Ribbon's state-of-the-art IP Wave solutions and Apollo DWDM Optical Transport platform to achieve greater speeds and simplified management.

Ribbon's solutions are designed for future flexibility, enabling SkyLine to efficiently scale as demand grows. This partnership reflects Ribbon's commitment to providing advanced communication technology, enhancing network performance for service providers.

Ribbon Communications (Nasdaq: RBBN) announced it will release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call will take place at 4:30 p.m. ET the same day to discuss the results, with an accessible live webcast available on their investor website. This announcement reflects the company's ongoing commitment to transparency and engagement with stakeholders.

Ribbon Communications specializes in real-time communications technology and networking solutions, aiming to enhance customer networks for better performance in a data-driven environment. The company provides software-centric solutions and security tools, particularly for 5G infrastructure.

Ribbon Communications Inc. (Nasdaq: RBBN) has completed a private placement of Series A preferred stock and warrants, raising approximately $53.4 million. The financing included participation from major stockholders such as Neuberger Berman, JPMorgan Chase, and Swarth Investments. The net proceeds will be used to prepay $75 million of its Term Loan A. Ribbon issued 55,000 shares of Series A preferred stock at $970 each, alongside warrants for approximately 4.86 million shares of common stock at a 15% premium. This move aims to enhance balance sheet flexibility amidst a diminishing outlook for interest rate increases.

Ribbon Communications (Nasdaq: RBBN) is showcasing its innovative communications and data networking solutions at Enterprise Connect, Booth 427, on March 27, 2023. Focused on facilitating seamless transitions for enterprises facing hybrid work models and digitization, the company emphasizes lowering total costs of ownership and enhancing network security. Ribbon's offerings include cloud migration solutions for major platforms like Teams and Zoom, network security enhancements, and private network capabilities for data center interconnects. The event allows Ribbon to engage with customers and prospects, highlighting its commitment to modernizing critical enterprise infrastructures.

Ribbon Communications announced a private placement financing of Series A preferred stock and warrants, aiming to raise approximately $53.4 million. The company plans to issue 55,000 shares at $970 per share, with warrants exercisable for four years.

Additionally, Ribbon has amended its senior secured credit agreement, allowing for a higher maximum consolidated net leverage ratio and a reduced minimum fixed charge coverage ratio. Ribbon will also prepay $75 million of its Term Loan A, using proceeds from the private placement alongside existing cash.

Ribbon Communications (Nasdaq: RBBN) announced that the closure of Silicon Valley Bank (SVB) will not significantly impact its operations. The company withdrew funds from SVB on March 9, 2023, and expects that customer deposits made after this date will be accessible, following the FDIC's assurance. Ribbon is confident other lenders in its Credit Facility will support any financial needs, allowing uninterrupted operations. The firm emphasizes a diversified strategy for banking relationships, which helps minimize risks. Ribbon continues to monitor the situation while ensuring access to working capital.