Ribbon Communications Inc. (NASDAQ: RBBN)

Ribbon Communications Inc., with its ticker symbol RBBN, is a leading global provider of communications technology to service providers and enterprises. The company operates in the telecommunications industry, offering a broad range of software and high-performance hardware products, network solutions, and services that enable the secure delivery of data and voice communications, as well as high-bandwidth networking and connectivity for residential consumers and small, medium, and large enterprises.

Ribbon's main business activities are centered around providing secure and reliable software and hardware products, solutions, and services for VoIP communications, Voice Over LTE (VoLTE), Voice Over 5G (VoNR), and Unified Communications and Collaboration (UC&C) services to both service provider and enterprise customers. The company's products and solutions are designed to enable the modernization of fixed, mobile, and enterprise voice communications networks, as well as the deployment of next-generation IP-based voice communications services. Ribbon's offerings are primarily used in the telecommunications industry, and the company operates in over 140 countries worldwide.

Ribbon generates revenue through the sale of its primary products and services, which include Session Border Controllers (SBCs), Network Transformation products, and Analytics Platform. The company's SBCs are designed to secure and interwork different voice communications protocols at IP network boundaries, both within and between service provider and enterprise networks. The company's Network Transformation products enable the modernization of fixed, mobile, and enterprise voice communications networks, while its Analytics Platform provides network performance visibility, service assurance, security, and fraud mitigation. Ribbon's customers include a diverse set of service providers and enterprises, and the company's top five customers represented approximately 34% of its revenue in the year ended December 31, 2023.

Ribbon operates in a highly competitive market, with competitors such as Huawei, Ericsson, Nokia, Oracle Corporation, Cisco Systems, Inc., AudioCodes Ltd., Neustar, Inc., Metaswitch Networks, First Orion Corp., Secure Logix Corporation, TransNexus, Inc., and Transaction Network Services, Inc. However, the company's cloud-native software network function virtualization, hybrid private public cloud compute environments, and open interoperable interfaces enable it to differentiate itself from competitors and gain share in the market.

Ribbon's Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for VoIP communications, VoLTE, VoNR, and UC&C services to both service provider and enterprise customers. The company's Cloud and Edge products are designed to enable the modernization of fixed, mobile, and enterprise voice communications networks, as well as the deployment of next-generation IP-based voice communications services. The Cloud and Edge portfolio includes SBCs, Enterprise Session Border Controllers and Edge products, and Ribbon Call Trust, an aaS offering for providing identity assurance.

The IP Optical Networks segment provides high-performance, secure, and reliable hardware and software products and solutions for IP networking, switching, and routing, and optical transport. Ribbon's IP Optical Networks portfolio is designed to enable the deployment of next-generation IP-based voice communications services, as well as the modernization of fixed, mobile, and enterprise voice communications networks. The company's IP Optical Networks portfolio includes the Apollo product line, which provides programmable and open Optical Transport Network (OTN) capabilities over Dense Wavelength Division Multiplexing (DWDM) support.