Sonus Networks Receives Average Rating of “Buy” from Analysts (NASDAQ:SONS)
Shares of Sonus Networks (NASDAQ:SONS) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the stock, Stock Ratings News reports. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.48.
In other Sonus Networks news, CFO Mark T. Greenquist bought 15,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $3.59 per share, for a total transaction of $53,850.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Sonus Networks (NASDAQ:SONS) opened at 3.67 on Monday. Sonus Networks has a one year low of $2.68 and a one year high of $4.25. The stock’s 50-day moving average is $3.82 and its 200-day moving average is $3.49. The company’s market cap is $905.7 million.
Sonus Networks (NASDAQ:SONS) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.01. The company had revenue of $75.60 million for the quarter, compared to the consensus estimate of $73.70 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Sonus Networks will post $0.07 EPS for the current fiscal year.
A number of research firms have recently commented on SONS. Analysts at Barrington Research upgraded shares of Sonus Networks from a “market perform” rating to an “outperform” rating in a research note on Friday. Separately, analysts at Zacks downgraded shares of Sonus Networks from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 5th. They now have a $3.50 price target on the stock. Finally, analysts at Northland Securities reiterated an “outperform” rating on shares of Sonus Networks in a research note on Monday, July 28th.
Sonus Networks, Inc(NASDAQ:SONS) is a provider of networked solutions for communications service providers e.
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