Sonus Networks (SONS) Getting Somewhat Positive Press Coverage, AlphaOne Reports
News stories about Sonus Networks (NASDAQ:SONS) have been trending somewhat positive recently, Alpha One Sentiment Analysis reports. Alpha One, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonus Networks earned a daily sentiment score of 0.17 on Alpha One’s scale. Alpha One also gave news headlines about the communications equipment provider an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the near term.
A number of research firms have commented on SONS. B. Riley reissued a “neutral” rating and issued a $7.00 price objective on shares of Sonus Networks in a research note on Friday, February 10th. DA Davidson lowered Sonus Networks from a “buy” rating to a “neutral” rating and set a $6.50 price target on the stock. in a research note on Thursday, February 16th. They noted that the move was a valuation call. William Blair reaffirmed a “hold” rating on shares of Sonus Networks in a research note on Sunday, February 19th. Finally, Zacks Investment Research raised Sonus Networks from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Friday, February 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Sonus Networks presently has an average rating of “Hold” and an average target price of $8.35.
Sonus Networks (NASDAQ:SONS) traded down 0.29% during trading on Thursday, reaching $6.80. The company’s stock had a trading volume of 336,428 shares. The firm has a 50 day moving average price of $6.50 and a 200-day moving average price of $6.48. Sonus Networks has a 52-week low of $5.51 and a 52-week high of $10.00. The stock’s market cap is $333.66 million.
Sonus Networks (NASDAQ:SONS) last released its earnings results on Wednesday, February 15th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Sonus Networks had a negative net margin of 2.52% and a positive return on equity of 1.51%. The firm earned $67.60 million during the quarter, compared to analyst estimates of $67.82 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was down 11.4% on a year-over-year basis. On average, analysts expect that Sonus Networks will post $0.18 earnings per share for the current year.
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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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