$0.26 EPS Expected for Sonus Networks, Inc. (SONS) This Quarter

Brokerages expect that Sonus Networks, Inc. (NASDAQ:SONS) will post earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sonus Networks’ earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.24. Sonus Networks reported earnings of $0.09 per share during the same quarter last year, which indicates a positive year over year growth rate of 188.9%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Sonus Networks will report full-year earnings of $0.40 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.42. For the next year, analysts expect that the firm will report earnings of $0.51 per share, with EPS estimates ranging from $0.36 to $0.61. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Sonus Networks.

Sonus Networks (NASDAQ:SONS) last announced its earnings results on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. Sonus Networks had a negative net margin of 8.82% and a negative return on equity of 1.87%. 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 company posted $0.12 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis.

A number of equities analysts recently 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 for the company in a research report on Wednesday, August 9th. DA Davidson upgraded Sonus Networks from a “neutral” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Monday, August 7th. William Blair reiterated a “buy” rating on shares of Sonus Networks in a research report on Friday, October 13th. TheStreet upgraded Sonus Networks from a “d+” rating to a “c” rating in a research report on Monday, October 23rd. Finally, Cowen and Company reiterated a “sell” rating on shares of Sonus Networks in a research report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Sonus Networks has a consensus rating of “Hold” and an average target price of $8.64.

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A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in Sonus Networks by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 39,957 shares of the communications equipment provider’s stock worth $298,000 after acquiring an additional 1,692 shares in the last quarter. American International Group Inc. lifted its stake in Sonus Networks by 7.0% in the 1st quarter. American International Group Inc. now owns 29,368 shares of the communications equipment provider’s stock worth $194,000 after acquiring an additional 1,930 shares in the last quarter. Voya Investment Management LLC lifted its stake in Sonus Networks by 18.9% in the 2nd quarter. Voya Investment Management LLC now owns 25,370 shares of the communications equipment provider’s stock worth $189,000 after acquiring an additional 4,033 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Sonus Networks by 26.1% in the 2nd quarter. Federated Investors Inc. PA now owns 19,960 shares of the communications equipment provider’s stock worth $149,000 after acquiring an additional 4,133 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Sonus Networks by 13.8% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 34,918 shares of the communications equipment provider’s stock worth $230,000 after acquiring an additional 4,238 shares in the last quarter. 68.27% of the stock is owned by hedge funds and other 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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