Ribbon Communications (NASDAQ: RBBN) reported Q3 EPS of $0.13, $0.08 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $138 million versus the consensus estimate of $156.66 million.

Third Quarter 2019 Highlights

• A telecommunications service provider in Canada selected Ribbon's fixed network transformation solutions and media gateway products and services within its fixed voice services network at multiple locations.
• Two Tier 1 Service Providers in Japan are utilizing Ribbon's session security cloud software and services to assist in the migration of their fixed networks to IP.
• A large cable operator and multiple service providers in the U.S. are deploying Ribbon's STIR/SHAKEN solutions and session security products to help address the Robocalling challenge for their customers.
• A leading edge provider of telecommunications services for enterprise and wholesale customers worldwide selected Ribbon's Cloud2Edge service offering for its business customers.
• Etisalat, a large service provider operating in 15 countries across Asia, the Middle East and Africa, officially launched its CloudTalk offering to small and medium-sized businesses and enterprise customers in the UAE using Ribbon's cloud-based application software.
• Multiple enterprises purchased Ribbon's security solution during the quarter to help monitor and secure their networks, bringing the total number of deployments to nearly 30.

"During the third quarter, we saw further momentum in our virtualized software solutions, which drove sales of our pure software products 17 percent higher year-to-date compared to the first nine months of 2018," said Fritz Hobbs, President and Chief Executive Officer of Ribbon Communications. "Overall market conditions remain challenging, but we are intent on enhancing our offerings, broadening our portfolio and helping our customers migrate their legacy networks to the cloud."

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