The Sonus Networks, Inc. (SONS) Earns Neutral Rating from B. Riley

Sonus Networks

In terms of earnings per share, 6 analysts have a -0.01 EPS mean target for the quarter ending Mar-17, for the quarter ending Jun-17, 6 analysts have a 0.04 EPS mean target and for the quarter ending Jun-17 there are 6 estimates of 0.28 EPS. Sonus Networks, Inc. has a one year low of $5.16 and a one year high of $10.00.

April 27, 2016: Sonus Networks, Inc. reported Q1 earnings of $0.03, beating consensus estimates of -$0.02. The trade volumes are expected to remain volatile during earnings announcement period, as many investors would reconsider their investment in Sonus Networks, Inc. based on the results. The company's market capitalization is $330.73 million. With the last stock price close down -12.41% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Research entities assess the varied financial aspects of a firm and then draft reports on shares. The highest target is now $8 and the most conservative target sees the stock hitting $4 within the year. Covering equity analysts are expecting Sonus Networks, Inc. TheStreet cut Sonus Networks from a "hold" rating to a "sell" rating in a research note on Wednesday, November 9th. Sonus Networks now has an average rating of "Hold" and a consensus target price of $9.95. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock.

A number of hedge funds have recently bought and sold shares of SONS. Nwam LLC boosted its stake in Sonus Networks by 7.4% in the third quarter. Full-year profit views are for Sonus Networks, Inc.to earn $0.3 in current year and grow profits by almost -1600% over last year's earnings of -$0.02. Bank of New York Mellon Corp boosted its stake in Sonus Networks by 0.6% in the second quarter. MSFT last month stock price volatility remained 1.15%. First Trust Advisors LP raised its position in Sonus Networks by 16.1% in the third quarter.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Northland Securities Upgrades the company's stock to Outperform on 10/29/15 with no specific Price Target.

Sonus Networks, Inc (Sonus) is a provider of networked solutions for communications service providers (telecommunications, wireless and cable service providers) and enterprises. Its products include session border controllers Session Initiation Protocol (SIP) session management servers Voice over IP (VoIP) switches SIP application servers multiprotocol signaling gateways and network analytics tools.

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