Analysts forecast that Sonus Networks, Inc. (NASDAQ:SONS) will announce earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Sonus Networks’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Sonus Networks posted earnings of $0.12 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The business is expected to report its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Sonus Networks will report full-year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.22 to $0.26. For the next financial year, analysts expect that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.27 to $0.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Sonus Networks.

Sonus Networks (NASDAQ:SONS) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.07. Sonus Networks had a negative net margin of 12.15% and a negative return on equity of 6.18%. The business had revenue of $55.70 million for the quarter, compared to analyst estimates of $53.93 million. During the same period last year, the company posted $0.08 EPS. The business’s revenue was down 8.5% on a year-over-year basis.

Several analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating and issued a $7.75 price target on shares of Sonus Networks in a report on Sunday, July 2nd. Cowen and Company reaffirmed a “sell” rating and issued a $5.00 price target on shares of Sonus Networks in a report on Friday, August 4th. BidaskClub downgraded shares of Sonus Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Sonus Networks from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Wednesday, August 9th. Finally, Northland Securities set a $10.00 price target on shares of Sonus Networks and gave the company a “buy” rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.57.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Sonus Networks by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 39,957 shares of the communications equipment provider’s stock valued at $298,000 after buying an additional 1,692 shares during the period. Engine Capital Management LLC lifted its stake in shares of Sonus Networks by 2,521.9% during the second quarter. Engine Capital Management LLC now owns 262,194 shares of the communications equipment provider’s stock valued at $1,951,000 after buying an additional 252,194 shares during the period. State Street Corp lifted its stake in shares of Sonus Networks by 4.0% during the second quarter. State Street Corp now owns 915,014 shares of the communications equipment provider’s stock valued at $6,807,000 after buying an additional 34,842 shares during the period. Voya Investment Management LLC lifted its stake in shares of Sonus Networks by 18.9% during the second quarter. Voya Investment Management LLC now owns 25,370 shares of the communications equipment provider’s stock valued at $189,000 after buying an additional 4,033 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sonus Networks by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,150,356 shares of the communications equipment provider’s stock valued at $23,439,000 after buying an additional 444,006 shares during the period. 68.66% of the stock is currently owned by institutional investors and hedge funds.

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Sonus Networks (NASDAQ:SONS) opened at 7.31 on Friday. Sonus Networks has a 1-year low of $5.51 and a 1-year high of $8.85. The stock’s market capitalization is $363.20 million. The firm has a 50-day moving average of $6.90 and a 200-day moving average of $7.13.

About Sonus Networks

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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Earnings History and Estimates for Sonus Networks (NASDAQ:SONS)

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