Sonus Networks, Inc. (NASDAQ:SONS) announced its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm earned $67.60 million during the quarter, compared to analysts’ expectations of $67.82 million. Sonus Networks had a positive return on equity of 1.51% and a negative net margin of 2.52%. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. Sonus Networks updated its FY17 guidance to $0.26 EPS.
Shares of Sonus Networks (NASDAQ:SONS) opened at 6.79 on Wednesday. Sonus Networks has a 12 month low of $5.16 and a 12 month high of $10.00. The company’s 50-day moving average price is $6.40 and its 200-day moving average price is $7.19. The company’s market cap is $335.67 million.
SONS has been the topic of several recent analyst reports. B. Riley reiterated a “neutral” rating and issued a $7.00 price target on shares of Sonus Networks in a research note on Wednesday. Zacks Investment Research upgraded Sonus Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $17.00 price target on shares of Sonus Networks in a research note on Friday, November 25th. Finally, TheStreet lowered Sonus Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Sonus Networks currently has an average rating of “Hold” and a consensus target price of $9.95.
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Sonus Networks Company Profile
Sonus Networks, Inc (Sonus) is a provider of networked solutions for communications service providers (telecommunications, wireless and cable service providers) and enterprises. The Company’s products include session border controllers (SBCs), diameter signaling controllers (DSCs), policy/routing servers, network intelligence applications (VellOS), which is designed to network-wide security and other cloud network exchange services, media and signaling gateways and network analytics tools.
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