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Principale » Sonus Networks, Inc. (NASDAQ:SONS) Stock Rating Upgraded by Zacks Investment Research

Sonus Networks, Inc. (NASDAQ:SONS) Stock Rating Upgraded by Zacks Investment Research

31 Octobre 2017

A number of other analysts have also recently issued reports on SONS. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonus Networks, Inc. with MarketBeat.com's FREE daily email newsletter. Zacks Investment Research raised Sonus Networks from a "hold" rating to a "strong-buy" rating and set a $8.25 price objective for the company in a report on Thursday, October 19th. William Blair reissued a "hold" rating on shares of Sonus Networks in a report on Wednesday, September 28th. Northland Securities set a $10.00 price objective on Sonus Networks and gave the company a "buy" rating in a report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $8.19.

The biggest institutional shareholders in Sonus Networks, Inc. include First Trust Advisors L.P. which owns 4 million shares in the company valued at $30.60 million. Sonus Networks Inc has recorded a 50-day average of $7.58 and a two hundred day average of $7.37. The firm's market capitalization is $416.87 million. Zacks Investment Research lowered shares of Sonus Networks from a "buy" rating to a "hold" rating in a report on Tuesday, October 10th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.08. The business had revenue of $74.60 million for the quarter, compared to analyst estimates of $68.50 million. Sonus Networks had a negative return on equity of 6.18% and a negative net margin of 12.15%. Sonus Networks updated its FY17 guidance to $0.41-0.50 EPS. On average, equities research analysts forecast that Sonus Networks will post $0.30 earnings per share for the current year. Renaissance Technologies LLC boosted its stake in Sonus Networks by 122.3% in the first quarter. The company's revenue was up 14.8% compared to the same quarter previous year. King Luther Capital Management Corp purchased a new position in shares of Sonus Networks during the second quarter worth $3,391,000. Voya Investment Management LLC lifted its holdings in shares of Sonus Networks by 18.9% during the second quarter.

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The stock decreased 2.63% or $0.22 during the last trading session. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Sonus Networks during the second quarter worth $2,748,000. KBC Group NV now owns 67,142 shares of the communications equipment provider's stock worth $442,000 after buying an additional 2,085 shares during the last quarter. Federated Investors Inc. PA now owns 19,960 shares of the communications equipment provider's stock valued at $149,000 after purchasing an additional 4,133 shares in the last quarter. American International Group Inc. now owns 29,368 shares of the communications equipment provider's stock worth $194,000 after buying an additional 1,930 shares during the last quarter.

Sonus Networks, Inc. (NASDAQ:SONS) Stock Rating Upgraded by Zacks Investment Research