Sonus Networks, Inc. (NASDAQ:SONS) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $0.41-0.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.26. The company issued revenue guidance of $332.6-342.6 million, compared to the consensus revenue estimate of $252.10 million.
Sonus Networks, Inc. (NASDAQ:SONS) opened at 8.73 on Monday. The stock’s market capitalization is $433.76 million. Sonus Networks, Inc. has a 52 week low of $5.51 and a 52 week high of $8.73. The company’s 50-day moving average price is $7.58 and its 200 day moving average price is $7.37.
Sonus Networks (NASDAQ:SONS) last posted its quarterly earnings results on Tuesday, October 24th. The communications equipment provider reported $0.26 earnings per share 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 company had revenue of $74.60 million for the quarter, compared to analysts’ expectations of $68.50 million. During the same period last year, the firm earned $0.12 earnings per share. Sonus Networks’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts expect that Sonus Networks, Inc. will post $0.27 EPS for the current fiscal year.
A number of analysts have weighed in on SONS shares. Zacks Investment Research upgraded Sonus Networks from a hold rating to a buy rating and set a $7.75 price target on the stock in a research note on Wednesday, August 9th. BidaskClub lowered Sonus Networks from a sell rating to a strong sell rating in a report on Thursday, August 3rd. Northland Securities set a $10.00 price objective on Sonus Networks and gave the stock a buy rating in a report on Tuesday, July 4th. Cowen and Company reaffirmed a sell rating on shares of Sonus Networks in a report on Tuesday, October 17th. Finally, TheStreet raised Sonus Networks from a d+ rating to a c rating in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sonus Networks presently has a consensus rating of Hold and an average target price of $8.64.
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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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