Sonus Networks, Inc. (NASDAQ:SONS) – Stock analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for Sonus Networks in a research report issued to clients and investors on Monday. DA Davidson analyst M. Kelleher expects that the communications equipment provider will post earnings per share of $0.07 for the quarter. DA Davidson currently has a “Buy” rating and a $8.50 target price on the stock. DA Davidson also issued estimates for Sonus Networks’ Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.19 EPS and FY2019 earnings at $0.56 EPS.

Sonus Networks (NASDAQ:SONS) last announced its quarterly earnings results on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. The company had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $68.50 million. Sonus Networks had a negative net margin of 8.82% and a negative return on equity of 1.87%. Sonus Networks’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS.

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Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Sonus Networks from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Wednesday, August 9th. Cowen and Company reissued a “sell” rating and issued a $5.00 price target on shares of Sonus Networks in a report on Friday, August 4th. BidaskClub downgraded Sonus Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. TheStreet raised Sonus Networks from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Finally, William Blair reissued a “buy” rating on shares of Sonus Networks in a report on Monday. 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 issued a strong buy rating to the company. Sonus Networks has an average rating of “Hold” and an average price target of $8.64.

Institutional investors have recently bought and sold shares of the company. Capital Investment Advisors LLC purchased a new stake in shares of Sonus Networks in the second quarter valued at approximately $106,000. Prudential Financial Inc. purchased a new stake in shares of Sonus Networks in the third quarter valued at approximately $131,000. Federated Investors Inc. PA increased 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 buying an additional 4,133 shares in the last quarter. Voya Investment Management LLC increased 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 buying an additional 4,033 shares in the last quarter. Finally, American International Group Inc. increased 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 buying an additional 1,930 shares in the last quarter. Institutional investors and hedge funds own 68.27% of the company’s stock.

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.

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

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