You don’t need code for this. Turn all the cells red, then add conditional formatting to make it green when you want.
Home > Conditional Formatting > New Rule > Use a formula…
=C2="Connected"
and format to green. If you want to do it in code, you can add some lines in your For Each loop
If Result = "Connected" Then
Cell.Offset(0,1).Font.Color = vbGreen
Else
Cell.Offset(0,1).Font.Color = vbRed
End If