Sonus Networks, Inc. (SONS) Issues FY17 Earnings Guidance

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.

COPYRIGHT VIOLATION NOTICE: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.com-unik.info/2017/10/30/sonus-networks-inc-sons-issues-fy17-earnings-guidance.html.

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)

What are top analysts saying about Sonus Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sonus Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit