Equities analysts expect Sonus Networks, Inc. (NASDAQ:SONS) to report sales of $54.00 million for the current quarter, Zacks reports. Four analysts have made estimates for Sonus Networks’ earnings, with estimates ranging from $53.90 million to $54.10 million. Sonus Networks posted sales of $60.86 million during the same quarter last year, which suggests a negative year-over-year growth rate of 11.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 26th.

On average, analysts expect that Sonus Networks will report full-year sales of $54.00 million for the current fiscal year, with estimates ranging from $251.40 million to $256.60 million. For the next fiscal year, analysts forecast that the company will post sales of $266.67 million per share, with estimates ranging from $265.00 million to $268.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Sonus Networks.

Sonus Networks (NASDAQ:SONS) last announced its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. The firm had revenue of $53.37 million during the quarter, compared to analyst estimates of $52.11 million. Sonus Networks had a negative net margin of 8.07% and a negative return on equity of 3.80%. Sonus Networks’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.03 EPS.

Several equities research analysts recently weighed in on the company. Northland Securities set a $10.00 target price on Sonus Networks and gave the stock a “buy” rating in a research note on Tuesday. B. Riley restated a “neutral” rating and set a $7.75 target price on shares of Sonus Networks in a research note on Sunday, July 2nd. ValuEngine cut Sonus Networks from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. William Blair upgraded Sonus Networks from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 1st. Finally, 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 note on Saturday, April 29th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.29.

A number of large investors have recently modified their holdings of the stock. PEAK6 Investments L.P. boosted 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 in the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Sonus Networks during the fourth quarter worth $154,000. Trexquant Investment LP purchased a new stake in shares of Sonus Networks during the first quarter worth $161,000. American International Group Inc. boosted 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 in the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Sonus Networks during the first quarter worth $198,000. Institutional investors own 65.31% of the company’s stock.

Sonus Networks (NASDAQ SONS) opened at 7.61 on Friday. The company has a 50 day moving average of $7.52 and a 200 day moving average of $6.82. The stock’s market capitalization is $376.86 million. Sonus Networks has a 12 month low of $5.51 and a 12 month high of $10.00.

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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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