Sonus Networks, Inc. (SONS) Given Average Rating of “Hold” by Analysts
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.
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.
Receive News & Ratings for Sonus Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonus Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.