Sci-tech

Sonus Networks, Inc. (NASDAQ:SONS) Moving Aggressively - Down $0.59

Sonus Networks, Inc. (NASDAQ:SONS) Moving Aggressively - Down $0.59”

SONS has been the topic of several other research reports.

Sonus expects full-year earnings to be 22 cents per share, with revenue expected to be $252.6 million. William Blair maintained the shares of SONS in report on Friday, October 13 with "Buy" rating.

On August 7 the company was upgraded to "Buy" from "Buy" and a price target of $8.50 was set in a report issued by DA Davidson. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Sonus Networks presently has an average rating of "Hold" and a consensus target price of $8.64.

Sonus Networks (NASDAQ:SONS) last released its earnings results on Tuesday, October 24th. The firm's market capitalization is $416.87 million. The company's 50 day moving average is $7.58 and its 200 day moving average is $7.37. The communications equipment provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.08, RTT News reports.

The maker of technology for telephone services over internet networks posted revenue of $74.6 million in the period, which also beat Street forecasts. Out of 6 Wall Street analysts rating Sonus Networks, 4 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". The company's revenue for the quarter was up 14.8% compared to the same quarter previous year. The Manufacturers Life Insurance Company grew its position in shares of Sonus Networks by 4.4% during the 2nd quarter. During the same quarter in the prior year, the firm posted $0.11 EPS.

ILLEGAL ACTIVITY WARNING: "Sonus Networks, Inc". SONS stock acknowledged attractive focus from Investors and it has been trading on front line. If you are reading this story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation. Finally, Royce & Associates LP bought a new stake in Sonus Networks in the first quarter valued at $198,000. American International Group Inc. now owns 29,368 shares of the communications equipment provider's stock valued at $194,000 after purchasing an additional 1,930 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of Sonus Networks during the second quarter worth $3,004,000.

We should also note their 52-Week High and Low: the shares now trade -13.20% away from their high and 42.56% from the low. Engine Capital Management LLC grew its position in shares of Sonus Networks by 2,521.9% during the 2nd quarter. KBC Group NV now owns 67,142 shares of the communications equipment provider's stock worth $442,000 after buying an additional 2,085 shares during the last quarter. Finally, Federated Investors Inc. About shares traded. Sonus Networks, Inc.

On a per-share basis, the Westford, Massachusetts-based company said it had profit of 7 cents. Institutional owners hold 68.80% stake in the company, while insiders ownership held at 5.30%.

Sonus Networks, Inc.is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures.



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