Brokerages forecast that Sonus Networks, Inc. (NASDAQ:SONS) will report $0.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Sonus Networks’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Sonus Networks reported earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 44.4%. The business is expected to issue its next earnings report on Wednesday, February 21st.

On average, analysts expect that Sonus Networks will report full year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.28. For the next year, analysts expect that the company will post earnings of $0.28 per share, with EPS estimates ranging from $0.27 to $0.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sonus Networks.

Sonus Networks (NASDAQ:SONS) last posted its quarterly earnings results on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. Sonus Networks had a negative return on equity of 6.18% and a negative net margin of 12.15%. The firm had revenue of $74.60 million during the quarter, compared to the consensus estimate of $68.50 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.

Several research firms have commented on SONS. William Blair reissued a “buy” rating on shares of Sonus Networks in a research report on Monday. TheStreet raised shares of Sonus Networks from a “d+” rating to a “c” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded shares of Sonus Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Northland Securities set a $10.00 target price on shares of Sonus Networks and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Finally, Cowen and Company reissued a “sell” rating on shares of Sonus Networks in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.64.

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Shares of Sonus Networks (NASDAQ:SONS) traded down 7.03% during midday trading on Tuesday, hitting $7.80. The stock had a trading volume of 748,018 shares. The firm has a 50-day moving average price of $7.65 and a 200-day moving average price of $7.39. The firm’s market cap is $387.55 million. Sonus Networks has a 1-year low of $5.51 and a 1-year high of $9.05.

Large investors have recently modified their holdings of the company. Capital Investment Advisors LLC acquired a new stake in shares of Sonus Networks in the second quarter valued at about $106,000. Federated Investors Inc. PA grew its position in shares of Sonus Networks by 26.1% in the second quarter. Federated Investors Inc. PA now owns 19,960 shares of the communications equipment provider’s stock valued at $149,000 after purchasing an additional 4,133 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Sonus Networks by 18.9% in the second quarter. Voya Investment Management LLC now owns 25,370 shares of the communications equipment provider’s stock valued at $189,000 after purchasing an additional 4,033 shares during the last quarter. American International Group Inc. grew its position 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 valued at $194,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of Sonus Networks in the first quarter valued at about $198,000. 68.27% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for Sonus Networks (NASDAQ:SONS)

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