Somewhat Positive Media Coverage Likely to Affect Sonus Networks (SONS) Stock Price
Media stories about Sonus Networks (NASDAQ:SONS) have trended somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sonus Networks earned a news sentiment score of 0.02 on AlphaOne’s scale. AlphaOne also gave headlines about the communications equipment provider an impact score of 80 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near term.
Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Sonus Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 23rd. B. Riley restated a “neutral” rating and issued a $6.75 price target on shares of Sonus Networks in a research note on Monday, February 20th. William Blair restated a “hold” rating on shares of Sonus Networks in a research note on Sunday, February 19th. Finally, DA Davidson lowered Sonus Networks from a “buy” rating to a “neutral” rating and set a $6.50 price target for the company. in a research note on Thursday, February 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Sonus Networks has a consensus rating of “Hold” and a consensus price target of $8.35.
Shares of Sonus Networks (NASDAQ:SONS) traded down 0.29% during trading on Thursday, hitting $6.80. The company had a trading volume of 336,428 shares. Sonus Networks has a 52-week low of $5.51 and a 52-week high of $10.00. The firm’s market capitalization is $333.66 million. The stock’s 50-day moving average is $6.52 and its 200 day moving average is $6.48.
Sonus Networks (NASDAQ:SONS) last issued its quarterly earnings data on Wednesday, February 15th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Sonus Networks had a negative net margin of 2.52% and a positive return on equity of 1.51%. The business earned $67.60 million during the quarter, compared to analysts’ expectations of $67.82 million. During the same period last year, the company posted $0.23 EPS. The company’s revenue was down 11.4% on a year-over-year basis. Equities research analysts predict that Sonus Networks will post $0.18 earnings per share for the current fiscal year.
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Sonus Networks Company Profile
Sonus Networks, Inc (Sonus) is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.
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