Ribbon Communications

Ribbon Communications, Inc. delivers communications software, IP and optical networking solutions to service providers, enterprises, and infrastructure sectors. It operates through the following segments: Cloud & Edge and IP Optical Networks. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for enabling Voice over Internet Protocol (VoIP) communications, Voice over Long-Term Evolution (VoLTE) and Voice Over 5G (VoNR) communications, and Unified Communications and Collaboration (UC&C) within service provider and enterprise networks and from the cloud. The IP Optical Networks segment provides secure, and reliable hardware and software products solutions for IP networking, switching, routing, and optical transport designed to support and enable technologies like 5G, distributed cloud computing and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. The company was founded in 1997 and is headquartered in Plano, TX.

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Ribbon Communications excels in Q4 2022, eyes revenue growth

Ribbon Communications reports strong Q4 2022 earnings with revenue growth, positive cash flow, and a focus on profitability. Challenges include supply limitations impacting backlog and revenue projections for the first quarter. Opportunities lie in revenue growth, cost management, and strategic investments in India.

Ribbon Communications reports strong Q1 performance amidst challenges and opportunities

Ribbon Communications had a strong Q1 2023 with robust sales and bookings, driven by new product investments and growth in key segments like IP Optical and Cloud Edge.
While facing challenges like supply chain disruptions and project timing fluctuations, the company remains optimistic about revenue growth and profitability improvements.
Opportunities lie in cost reduction strategies, upcoming projects with major clients, and investor engagement through conferences to drive future growth.
Overall, Ribbon Communications shows resilience and strategic focus in navigating challenges and capitalizing on opportunities for sustained growth.

Ribbon Communications surpasses Q2 expectations, eyes growth opportunities ahead

Ribbon Communications delivered a solid performance in Q2, exceeding guidance with strong sales and margins, particularly in key markets like India and North America.
The company's transition to a subscription-based model in the enterprise space shows promise, despite challenges in the Cloud & Edge segment.
Opportunities lie in continued growth in key markets, cost improvements in IP Optical segment, and engagement with investors for potential market interest.
Overall, Ribbon Communications is strategically positioned for growth, with a focus on profitability and market expansion in the coming quarters.

Ribbon Communications reports solid Q3 earnings, anticipates growth opportunities

Ribbon Communications showed resilience in Q3 with strong earnings growth despite revenue challenges.
The company's focus on IP Optical Networks and innovative product offerings are driving profitability.
Challenges in Cloud and Edge segment sales are being addressed, with opportunities for growth ahead.
Overall, Ribbon Communications is poised for a positive trajectory with strong bookings and upcoming investor conferences.

Ribbon Communications reports robust Q4 earnings, eyes growth opportunities

Ribbon Communications excelled in Q4, with strong financial performance and profitability milestones in the IP Optical business.
While facing challenges in certain segments, the company remains optimistic about revenue growth and profitability enhancements for 2024.
Strategic opportunities lie in sustained product demand, regional sales growth, and engagement with investors for future expansion.
Navigating challenges around market dynamics and revenue declines will be crucial for maintaining growth momentum and profitability.

Ribbon Communications beats Q1 expectations, secures Verizon deal for growth

Ribbon Communications excelled in Q1, surpassing adjusted EBITDA expectations and demonstrating strong growth in key segments. The Verizon deal is poised to drive substantial revenue and confidence in the Cloud & Edge business.
While facing challenges with declining revenue from U.S. Tier 1 service providers, Ribbon Communications is actively pursuing opportunities for growth and diversification. Progress in modernization efforts and market expansion bode well for future success.
Overall, Ribbon Communications showcased resilience and strategic foresight in navigating market challenges and capitalizing on growth prospects, positioning the company for sustained success and investor engagement.

Ribbon Communications posts strong Q3 results, eyes growth opportunities ahead

Ribbon Communications reports solid Q3 performance with sales reaching $210 million, driven by Cloud & Edge business growth and strong U.S. market performance.
Despite challenges in the IP Optical segment, the company maintains operational efficiency with a gross margin of 55% and focuses on cost management.
Opportunities for growth include product enhancements, market expansion, and leveraging success factors driving IP Optical segment growth.
With a positive outlook for Q4 and expectations of mid-single-digit revenue growth in 2025, Ribbon Communications is poised for continued success and expansion.

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Ribbon Communications, Inc. delivers communications software, IP and optical networking solutions to service providers, enterprises, and infrastructure sectors. It operates through the Cloud and Edge, and IP Optical Networks segments. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for enabling Voice over Internet Protocol (VoIP) communications, Voice over Long-Term Evolution (VoLTE) and Voice Over 5G (VoNR) communications, and Unified Communications and Collaboration (UC&C) within service provider and enterprise networks and from the cloud. The IP Optical Networks segment provides secure, and reliable hardware and software products solutions for IP networking, switching, routing, and optical transport designed to support and enable technologies like 5G, distributed cloud computing and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. The company was founded in 1997 and is headquartered in Plano, TX.

Significant profitability improvement with >700 bps increase in Gross Margin Selected by Verizon for multi-year Advanced Voice Network Platform PLANO, Texas , April 24, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the first quarter 2024. Revenue for the first quarter of 2024 was $180 million, compared to $186 million for the first quarter of 2023.

Ribbon Communications Inc. Reports First Quarter 2024 Financial Results

Multi-year program delivers significant cost efficiencies, technology advancements and environmental benefits PLANO, Texas , April 24, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced plans for a major network modernization program with Verizon to retire legacy TDM switching platforms and replace their function with modern cloud-based technologies. "Our continuous goal at Verizon is to provide the most advanced technologies for our customers while simultaneously improving our cost of operations and advance our sustainability efforts in power consumption," said Eric Lia, Senior Vice President of Engineering at Verizon.

Ribbon Selected to Provide Advanced Voice Network Platform and Services for Verizon

PLANO, Texas , April 17, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced a time change to its first quarter 2024 financial results and conference call. Ribbon Communications will now report financial results for the first quarter of 2024 before the opening of the market on Wednesday, April 24, 2024.

Ribbon Communications Announces Time Change for Reporting First Quarter 2024 Financial Results

PLANO, Texas , April 11, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will report financial results for the first quarter of 2024 after the close of the market on Wednesday, April 24, 2024 . Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.

Ribbon Communications to Report First Quarter 2024 Financial Results on April 24, 2024

First reported display of interoperable multivendor ecosystem for highest commercial transmission speeds available PLANO, Texas , March 19, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has achieved interoperability of 1.2T optical transmission in partnership with Cisco . The demo, which will be public at OFC 2024, shows interoperability between the Ribbon Apollo 9408 and the Cisco NCS 1014, which both incorporate Acacia's CIM 8 140Gbaud transceiver, and conforms to the OpenROADM bookended model for transponder interoperability while uniquely extending this model for multiple vendors.

Ribbon and Cisco Demonstrate 1.2 Tbps Interoperability at OFC 2024

NEW YORK, NY / ACCESSWIRE / March 14, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (NASDAQ:RBBN). The settlement provides for a fund of $4,500,000 to benefit class members.

Levi & Korsinsky, LLP Notifies Shareholders of Ribbon Communications, Inc. (f/k/a Sonus Networks, Inc.) (RBBN) an Upcoming Claims Deadline in a Class Action Settlement

Recognizes Ribbon's commitment to creating a workplace where women can thrive PLANO, Texas , Feb. 23, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has been recognized as one of America's Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group. The list recognizes the 1,000 U.S.-based companies who ranked highest when evaluated on their performance across various metrics crucial to women in the workforce.

Ribbon Named to Newsweek's Greatest Workplaces for Women 2024

Ribbon Communications Inc. (RBBN) Q4 2023 Earnings Call Transcript

Ribbon Communications (RBBN) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.09 per share a year ago.

Ribbon Communications (RBBN) Q4 Earnings and Revenues Lag Estimates

Ribbon announces strong 2023 earnings growth  IP Optical Networks achieves profitability for the second half of the year with strong demand from Service Providers and Critical Infrastructure PLANO, Texas , Feb. 14, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the fourth quarter and full year 2023. Revenue for the fourth quarter of 2023 was $226 million, compared to $234 million for the fourth quarter of 2022 and $203 million for the third quarter of 2023.

Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

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Agreement highlights the value of speedy delivery and targeted solutions PLANO, Texas , Feb. 8, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that American Electric Power (AEP) which maintains and operates the nation's largest electricity transmission system, has added Ribbon's IP and Optical products as one of its solutions to continue providing the critical communications needs to support AEP's infrastructure. Today's utilities are required to digitize their assets, both in order to meet regulatory and security mandates, and to expand their offer with new services, reduced carbon emissions and improved maintenance, safety and security.

Ribbon's IP Optical Solutions Selected by American Electric Power for Supply Chain Reliability and Enhanced Network Capabilities

PLANO, Texas , Jan. 31, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will report financial results for the fourth quarter and full year of 2023 after the close of the market on Wednesday, February 14, 2024 . Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.

Ribbon Communications to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024

Annual awards celebrate innovation, collaboration and excellence PLANO, Texas , Jan. 25, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its achievement of the "Rise and Shine" award received from GSSC, the Global Procurement Arm of MTN Group. "The Rise and Shine Award acknowledges suppliers who, though newcomers to GSSC and MTN, demonstrate commitment and working towards a long-term partnership," shared Dirk Karl, Group Executive Global Sourcing & Supply Chain.

Ribbon Honored with "Rise and Shine" Award from MTN GSSC - Global Sourcing and Supply Chain

Highlights successful execution of key corporate responsibility KPIs PLANO, Texas , Dec. 14, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it has been named to Newsweek's list of America's Most Responsible Companies of 2024. "We're proud of our continued efforts to make corporate responsibility integral to our operations, and are delighted to be recognized as the sixth most responsible company in software and telecommunications industry," said Patick Macken, Ribbon's EVP and Chief Legal Officer.

Ribbon Recognized in Newsweek's List of America's Most Responsible Companies

Speedy execution highlights commitment to excellence in after sales support, including delivery of equipment and services PLANO, Texas , Dec. 13, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it is providing Interlink Telecom Public Company Ltd, (ITEL) a leading Thai network services provider, with a Data Center Interconnect solution using an Apollo optical networking platform. "Ribbon's incredibly fast delivery enabled us to successfully deploy our service on time.

Interlink Telecom Selects Ribbon for DCI Solution

Innovative cloud solution enables Payment Card Industry (PCI) compliance with evolving standards for merchants of any size PLANO, Texas , Dec. 12, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that global solutions provider BroadSource has selected Ribbon's SBC SWe as a key component in its Payment Card Industry Data Security Standard (PCI-DSS) compliant secure payments system, SecureCall. "Ribbon's global leadership and extensive SBC installed base gave us the necessary confidence to include them as a critical part of our solution," said Haydn Faltyn, CEO and Co-founder, BroadSource.

BroadSource Partners with Ribbon to Enhance Credit Card Data Security

Optimizes infrastructure for ongoing growth PLANO, Texas , Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks today announced that W3TEL a French provider of communications services to enterprises, has selected Ribbon's solutions to support its growth, simplify its network operations and fulfill French government mandates around call security. "Ribbon's comprehensive solution allows us to deliver better services to our customers, streamline our network management, and meet our regulatory obligations while supporting the growth of our business," said Cédric Bornecque, President, W3TEL.

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Program explores the topics impacting today's communications ecosystem PLANO, Texas , Nov. 7, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will be holding its Ribbon Tech Forum in Plano, TX, November 8-10 2023. The Forum brings together participants and experts from across the communications industry to discuss the latest in both technology and business trends, and to share best practices on how to successfully address common opportunities and challenges.

Ribbon Brings Customers and Industry Experts Together for Second Annual Tech Forum

Ribbon Communications Inc. (NASDAQ:RBBN ) Q3 2023 Earnings Conference Call October 25, 2023 4:30 PM ET Company Participants Joni Roberts - Chief Marketing Officer Bruce McClelland - Chief Executive Officer Mick Lopez - Chief Financial Officer Conference Call Participants Erik Suppiger - JMP Securities Greg Mesniaeff - WestPark Capital Dave Kang - B. Riley Securities Tim Savageaux - Northland Capital Markets Operator Ladies and gentlemen, greetings and welcome to the Ribbon Communications Third Quarter 2023 Financial Results Conference Call.

Ribbon Communications Inc. (RBBN) Q3 2023 Earnings Call Transcript

Ribbon Communications (RBBN) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.02 per share a year ago.

Ribbon Communications (RBBN) Lags Q3 Earnings and Revenue Estimates

Projecting significant improvement in full year company profitability  IP Optical Networks Sales up 14% Year to Date – on track to achieve profitability in Fourth Quarter 2023 PLANO, Texas , Oct. 25, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the third quarter of 2023. Revenue for the third quarter of 2023 was $203 million, compared to $207 million for the third quarter of 2022 and $211 million for the second quarter of 2023.

Ribbon Communications Inc. Reports Third Quarter 2023 Financial Results

Ribbon solution ensures secure, high-quality, mobile voice for 1GLOBAL's customers PLANO, Texas , Oct. 23, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that 1GLOBAL, a leader in telecommunication services and a pioneer in eSIM technology, has selected Ribbon for deployment across its worldwide network, designed and operated from Portugal. "Ribbon's state of the art solution enables us to offer our customers a completely seamless, transparent, high-quality solution no matter where they're located around the globe, and simultaneously allows us to ensure the highest level of quality for voice services on 3G and 4G (Voice over LTE) networks and for 5G (Voice over New Radio) in our future plans," said Hakan Koç, 1GLOBAL's CEO.

1GLOBAL Optimizes Mobile Voice Quality with Ribbon

Winning solution includes extensive network staging services and high-touch post-sales support PLANO, Texas , Oct. 20, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that Shawnee Communications, which serves residents and businesses in rural communities in Southern & Central Illinois with modern communications technology, has selected Ribbon's NPT IP Routing solution for broadband aggregation. "Ribbon has been a trusted partner for many years, supporting us with state of the art voice solutions, and leveraging their expertise for broadband aggregation was a natural fit," said Ben McCameron, General Manager, Shawnee Communications.

Ribbon's NPT IP Routing Solution Enables Broadband Aggregation for Shawnee Telephone

PLANO, Texas , Oct. 11, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will report financial results for the third quarter of 2023 after the close of the market on Wednesday, October 25, 2023 . Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.

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