Sonus Networks (SONS) Set to Announce Quarterly Earnings on Wednesday
Sonus Networks (NASDAQ:SONS) will be announcing its Q214 earnings results on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $73.70 million for the quarter.
Sonus Networks (NASDAQ:SONS) traded down 0.76% during mid-day trading on Tuesday, hitting $3.93. The stock had a trading volume of 638,066 shares. Sonus Networks has a 1-year low of $2.68 and a 1-year high of $4.25. The stock has a 50-day moving average of $3.8 and a 200-day moving average of $3.45. The company’s market cap is $973.8 million.
Several analysts have recently commented on the stock. Analysts at Northland Securities reiterated an “outperform” rating on shares of Sonus Networks in a research note on Monday. On the ratings front, analysts at Pacific Crest initiated coverage on shares of Sonus Networks in a research note on Monday, July 7th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, analysts at Barrington Research initiated coverage on shares of Sonus Networks in a research note on Friday, June 27th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Sonus Networks has an average rating of “Buy” and an average target price of $4.48.
Sonus Networks, Inc (NASDAQ:SONS) is a provider of networked solutions for communications service providers e.
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