Shares of Sonus Networks, Inc. (NASDAQ:SONS) have been given a consensus rating of “Hold” by the ten research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.29.

A number of equities analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $7.75 target price on shares of Sonus Networks in a report on Tuesday, June 27th. Northland Securities set a $10.00 target price on shares of Sonus Networks and gave the stock a “buy” rating in a report on Tuesday, July 4th. ValuEngine downgraded shares of Sonus Networks from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. William Blair upgraded shares of Sonus Networks from a “market perform” rating to an “outperform” rating in a report on Thursday, June 1st. Finally, Benchmark Co. assumed coverage on shares of Sonus Networks in a report on Wednesday, April 26th. They set a “buy” rating and a $4.00 target price on the stock.

A number of institutional investors have recently added to or reduced their stakes in SONS. Capital Investment Advisors LLC bought a new position in Sonus Networks during the second quarter worth approximately $106,000. PEAK6 Investments L.P. boosted its position in 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 during the period. Trexquant Investment LP bought a new position in Sonus Networks during the first quarter worth approximately $161,000. Tudor Investment Corp Et Al bought a new position in Sonus Networks during the fourth quarter worth approximately $154,000. Finally, American International Group Inc. boosted its position in 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 during the period. 65.35% of the stock is owned by hedge funds and other institutional investors.

Sonus Networks (NASDAQ:SONS) traded down 1.03% during mid-day trading on Monday, reaching $7.70. 171,018 shares of the company traded hands. Sonus Networks has a one year low of $5.51 and a one year high of $10.00. The firm’s market cap is $381.32 million. The stock’s 50-day moving average price is $7.52 and its 200-day moving average price is $6.82.

Sonus Networks (NASDAQ:SONS) last issued its earnings results on Wednesday, April 26th. The communications equipment provider reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.04. The business had revenue of $53.37 million for the quarter, compared to the consensus estimate of $52.11 million. Sonus Networks had a negative net margin of 8.07% and a negative return on equity of 3.80%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. Analysts forecast that Sonus Networks will post $0.23 earnings per share for the current fiscal year.

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Sonus Networks Company Profile

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.

Analyst Recommendations for Sonus Networks (NASDAQ:SONS)

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