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.

Delivers cost-optimized 5G mobile backhaul and high speed connectivity on 30,000 km network PLANO, Texas , Oct. 25, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a leading global provider of real time communications technology and IP optical networking solutions announced the successful completion of a long haul DWDM (Dense Wave Division Multiplexing) deployment for Airtel, one of India's top telecom providers. "Ribbon's proven expertise and cutting-edge solutions were instrumental in our decision to partner with them on this extensive modernization project.

Ribbon Completes Major Optical DWDM Deployment for Bharti Airtel

Ribbon's Q3 sales and earnings results missed expectations. So why is the stock surging?

Why Ribbon Communications Stock Is Soaring Today

Ribbon Communications Inc (NASDAQ:RBBN ) Q3 2023 Results Conference Call October 23, 2024 4:30 PM ET Company Participants Joni Roberts - Chief Marketing Officer Bruce McClelland - CEO Conference Call Participants Christian Schwab - Craig Hallum Capital Group Michael Genovese - Rosenblatt Securities Tim Savageaux - Northland Capital Markets Rustam Kanga - Citizens JMP Operator Ladies and gentlemen, greetings, and welcome to the Ribbon Communications Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Ribbon Communications Inc (RBBN) Q3 2024 Earnings Call Transcript

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

Ribbon Communications (RBBN) Q3 Earnings Meet Estimates

Strong Profitability Exceeds Expectations Cloud & Edge Revenue Grew 11% YoY and 16% QoQ PLANO, Texas , Oct. 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 its financial results for the third quarter of 2024. Revenue for the third quarter of 2024 was $210 million, compared to $203 million for the third quarter of 2023 and $193 million for the second quarter of 2024.

Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results

Award recognizes success in hitting key sustainability goals including meeting emissions reduction target 7 years early  PLANO, Texas , Oct. 16, 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, announced that it has been named to Newsweek's 2025 list of America's Greenest Companies. "This award celebrates the team's tremendous work and highlights our continued focus on sustainability," said Patrick Macken, CLO and EVP, Ribbon.

Newsweek Names Ribbon To America's Greenest Companies 2025

PLANO, Texas , Oct. 15, 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, in connection with his appointment as Chief Financial Officer, the Board of Directors has awarded John Townsend, as inducement awards, sign-on equity grants consisting of one time-based vesting grant of restricted share units ("RSUs") and two performance-based vesting grants of restricted share units ("PSUs").   Subject to Mr.

Ribbon Communications Announces Inducement Equity Grants to John Townsend Under Nasdaq Listing Rule 5635(c)(4)

Seamless transition delivers increased security and capabilities  PLANO, Texas , Oct. 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 that it has been selected as the technology provider for the US Department of Defense Information Services Agency (DISA) Soft Switch Backbone (SSBB) RFP awarded to ValidaTek, Inc. The mission of the SSBB is to provide a global, secure, and resilient mission critical voice communications infrastructure to all branches and agencies of the US Department of Defense. Ribbon is delivering state of the art voice communication infrastructure components to help modernize and secure DISA's communications network, reducing cybersecurity vulnerabilities while lowering the cost of operations.

Ribbon's JITC and FIPS-Compliant Solutions Enable DISA Voice Modernization Mandate

PLANO, Texas , Oct. 9, 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 third quarter of 2024 after the close of the market on Wednesday, October 23, 2024 . Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m.

Ribbon Communications to Report Third Quarter 2024 Financial Results on October 23, 2024

Demo of 800G ZR+ with interoperable PCS highlights the path to dramatically lower transport TCO from metro through long haul PLANO, Texas and PARIS , Oct. 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, announced the industry's first demonstration of a compact modular solution supporting 400G ZR+ with upgradability to 800G ZR+ on a single sled at NGON / NetworkX. "The age of AI demands power and cost-optimized metro and long haul transport, and Ribbon is leading the way with its programmable solutions," said Sam Bucci, COO and EVP, Ribbon.

Ribbon Live Demo Showcases Industry-First Compact Modular Sled with both 400ZR+ and 800ZR+ Ports

PLANO, Texas , Oct. 3, 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 the appointment of John Townsend as Executive Vice President and Chief Financial Officer effective November 1, 2024.  Mr. Townsend will succeed Miguel "Mick" Lopez who Ribbon previously announced is retiring after a short transition period.

Ribbon Communications Appointing John Townsend as Chief Financial Officer

Weave Communications

Communication-Network Software providers like Weave Communications (WEAV) and Ribbon Communications (RBBN) benefit from the ongoing digitalization efforts, including a shift to cloud computing and the rapid deployment of 5G-based networks.

2 Network Software Stocks to Watch From a Challenging Industry

PLANO, Texas , Aug. 13, 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 Miguel "Mick" Lopez, Executive Vice President, Chief Financial Officer, intends to retire after 40 years in the technology industry.  Ribbon has engaged an executive search firm to identify and evaluate potential successors from inside and outside the company.

Ribbon CFO Mick Lopez to Retire in 4th Quarter 2024

Meets key environmental milestone ahead of schedule PLANO, Texas , Aug. 12, 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 released its 2023 sustainability report. The report highlights Ribbon's continued efforts in achieving its sustainability initiatives, and its success in delivering enhanced access, connectivity, and network security to customers in more than 140 countries.

Ribbon's 2023 Sustainability Report Details Progress on ESG Goals

Ribbon Communications Inc. (NASDAQ:RBBN ) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Joni Roberts - Senior Vice President & Chief Marketing Officer Bruce McClelland - President, Chief Executive Officer & Director Miguel Lopez - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Genovese - Rosenblatt Securities Christian Schwab - Craig-Hallum Tim Savageaux - Northland Capital Markets Dave Kang - B. Riley Securities Trevor Walsh - JMP Securities Operator Greetings and welcome to the Ribbon Communications Second Quarter 2024 Financial Results Conference Call.

Ribbon Communications Inc. (RBBN) Q2 2024 Earnings Call Transcript

Ribbon Communications (RBBN) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.04 per share a year ago.

Ribbon Communications (RBBN) Surpasses Q2 Earnings Estimates

Net income increased 21% and Adjusted EBITDA up 65% in 1H 2024 YoY Continued improvement in gross margin and lower operating expenses Expect strong second half based on growth from U.S. Tier 1, Rural Broadband, Enterprise, and India PLANO, Texas , July 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 second quarter of 2024. Revenue for the second quarter of 2024 was $193 million, compared to $211 for the second quarter of 2023 and $180 million for the first quarter of 2024.

Ribbon Communications Inc. Reports Second Quarter 2024 Financial Results

PLANO, Texas , July 22, 2024 /PRNewswire/ -- Leading fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG)  is collaborating with Nasdaq-listed firm Ribbon Communications Inc. (NASDAQ: RBBN) to pioneer in the Philippines the latter's leading-edge Apollo optical networking system which will optimize data transmission across the internet provider's backbone network. Converge is breaking ground on Ribbon's 5 nanometer (nm) - 140Gbaud transmission chipset that will expand its fiber network capacity from its existing 800 Gigabits per second (Gbps) to 1.2 Terabit per second (Tbps) per channel within the network, offering thrice the needed capacity for hyperscale applications that typically require around 400 Gbps.

Converge Taps Ribbon to Deploy Cutting-edge Optical Networking Technology

Secures operational excellence and continuity while driving down operational costs PLANO, Texas , July 18, 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, along with Brightspeed , an internet service provider and the nation's fourth largest fiber builder, today announced that Ribbon's solutions are helping modernize Brightspeed's network infrastructure while maintaining uninterrupted services for existing customers. "Building a fiber broadband network across more than 160 communities in our footprint requires an investment in ensuring we can accelerate scalability," said Brightspeed Chief Technology Officer Brian Bond.

Brightspeed Invests in Next Generation Services with Ribbon's Comprehensive Network Transformation Solution

PLANO, Texas , July 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 second quarter of 2024 after the close of the market on Wednesday, July 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 Second Quarter 2024 Financial Results on July 24, 2024

Proceeds will be used to repay outstanding debt under current credit facility and to redeem Series A Preferred Stock PLANO, Texas , June 21, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN) ("Ribbon"), 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 completed the previously announced $385 million senior secured credit facility (the "2024 Credit Facility") comprised of a $350 million term loan and a $35 million revolving credit facility. Proceeds from the term loan under the 2024 Credit Facility will be used to refinance the prior credit facility, redeem in full Ribbon's outstanding Series A Preferred Stock and pay fees, costs and expenses related to the 2024 Credit Facility.

Ribbon Communications Inc. Announces Closing of New $385 Million Senior Secured Credit Facility

Proves optimal transport ability of 140Gbaud transmission, enabling current and future data-intensive research  PLANO, Texas, April 29, 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 in cooperation with SURF, the collaborative organization for IT in Dutch education and research, it has successfully achieved 800G over a brownfield 1,650 km fiber optic link connecting research institutes including Nikhef with The Large Hadron Collider located on the CERN campus in Geneva. "We are proud to collaborate with our partner Ribbon in this successful and innovative trial, which pushes the boundaries of our current fiber and shows us what is technically possible with Ribbon's equipment," said Harold Teunissen, Director Network & Campus at SURF.

Ribbon and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva Link

Ribbon Communications Inc. (RBBN) Q1 2024 Earnings Call Transcript

Ribbon Communications (RBBN) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago.

Ribbon Communications (RBBN) Reports Q1 Loss, Misses Revenue Estimates

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.

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