Ribbon, TNS Partner to Modernise Legacy Voice Networks with Cloud Solution

Strategic Performance and Market Dynamics Achieved 18% sequential revenue growth driven by record IP Optical bookings and strong U.S. enterprise demand, despite a 19% sequential increase in Cloud & Edge product and services revenue. IP Optical segment reached an all-time high in product and service bookings with a 1.6x book-to-bill ratio, resulting in a 60% year-to-date backlog increase.

Ribbon Communications (RBBN) reported Q2 2026 revenue up 18% sequentially, with record IP Optical bookings. Year over year revenue fell due to tougher comparisons and slower deployments at key customers. The company lowered full-year guidance citing supply chain pressures and mix shifts, while citing continued momentum in enterprise, AI, and critical infrastructure.

Ribbon Communications Inc. (RBBN) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 tm2621444d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Ribbon Communications Inc. Reports Second Quarter 2026 Financial Results Revenue increased 18% sequentially and Profitability improved by $20M; further gains expected in 2H 2026 Record IP Optical Quarterly Bookings led by

Ribbon Communications (RBBN) shares rose 10.4% to about $3.125 on Wednesday, after closing at $2.83. The stock traded as high as $3.13 on volume of ~1.75M shares, up 94% vs average. Analysts cited by MarketBeat show a “Moderate Buy” consensus and $3.58 average target. In its April 28 earnings, Ribbon reported Q1 EPS of -$0.05 vs -$0.06 expected and revenue of $162.61M vs $163.43M.

UBS analyst Karl Keirstead raised Palantir's (PLTR) price target to $250 from $220, citing strong demand and AI sovereignty trends observed at Palantir's AIPCon11 event. The new target implies 44% upside from the Sept. 14 closing price of $173. Keirstead highlighted Palantir's expanding commercial use and robust Q2 results, including $3.4B in bookings and a 157% net dollar retention rate. This is UBS's third upward revision this year, contrasting with the broader analyst consensus of a $194 aver

Meta (META) launched Muse, an AI agent that can manage emails, payments, and other tasks, with subscription plans ranging from free to $100/month. The agent is available in the U.S. and can access various apps, but faces internal concerns over data security and reliability. Meta expects over $130B in AI infrastructure spending this year, aiming to diversify revenue beyond advertising.