Shares of Sonus Networks, Inc. (NASDAQ:SONS) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.57.

A number of equities analysts recently issued reports on SONS shares. Northland Securities set a $10.00 price objective on Sonus Networks and gave the stock a “buy” rating in a report on Tuesday, July 4th. Zacks Investment Research upgraded Sonus Networks from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research report on Saturday, April 29th. Benchmark Co. started coverage on Sonus Networks in a research report on Wednesday, April 26th. They issued a “buy” rating and a $4.00 target price for the company. DA Davidson upgraded Sonus Networks from a “neutral” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday. Finally, William Blair restated a “hold” rating on shares of Sonus Networks in a research report on Monday, May 1st.

Sonus Networks (NASDAQ SONS) traded down 0.87% during mid-day trading on Friday, hitting $6.84. The stock had a trading volume of 122,802 shares. Sonus Networks has a 12-month low of $5.51 and a 12-month high of $8.97. The company has a 50-day moving average of $7.33 and a 200-day moving average of $6.99. The stock’s market cap is $339.85 million.

Sonus Networks (NASDAQ:SONS) last issued its quarterly earnings data on Thursday, August 3rd. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. Sonus Networks had a negative return on equity of 6.18% and a negative net margin of 12.15%. The business had revenue of $55.70 million during the quarter, compared to analyst estimates of $53.93 million. During the same period in the prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts anticipate that Sonus Networks will post $0.25 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC purchased a new stake in Sonus Networks during the second quarter worth $106,000. PEAK6 Investments L.P. increased its stake in shares of Sonus Networks by 69.1% in the first quarter. PEAK6 Investments L.P. now owns 18,265 shares of the communications equipment provider’s stock worth $120,000 after buying an additional 7,465 shares during the period. Federated Investors Inc. PA increased its stake in shares of Sonus Networks by 26.1% in the second quarter. Federated Investors Inc. PA now owns 19,960 shares of the communications equipment provider’s stock worth $149,000 after buying an additional 4,133 shares during the period. Trexquant Investment LP bought a new stake in shares of Sonus Networks during the first quarter worth approximately $161,000. Finally, American International Group Inc. increased its stake in shares of Sonus Networks by 7.0% in the first quarter. American International Group Inc. now owns 29,368 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 1,930 shares during the period. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.

Analyst Recommendations for Sonus Networks (NASDAQ:SONS)

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