Sonus Networks (SONS) is Downgraded by DA Davidson to " Neutral"

The difference between actual earnings and estimated earnings was $0.03 per share. DA Davidson also issued estimates for Sonus Networks' Q4 2016 earnings at ($0.08) EPS, Q1 2017 earnings at ($0.15) EPS, Q2 2017 earnings at ($0.08) EPS, Q3 2017 earnings at ($0.04) EPS, FY2017 earnings at ($0.25) EPS, Q1 2018 earnings at ($0.12) EPS, Q2 2018 earnings at ($0.09) EPS, Q3 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.20) EPS. The last trading session volume compares with the 258.26K average and market worth floats around 327.62M.

Sonus Networks, Inc. (NASDAQ:SONS) net diluted EPS was $-0.64 for the fiscal closed 2015-12-31. Earnings per share for the recently concluded quarter is expected to come in at $0.05 a share with $67.82M in revenue. The Company's year to date (YTD) performance is now negative at -0.16%. The firm's revenue was down 11.4% on a year-over-year basis.

"Sonus Networks, Inc. (SONS) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS" was originally published by BBNS and is owned by of BBNS. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of United States and global copyright legislation. Research entities assess the varied financial aspects of a firm and then draft reports on shares.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position.

Average broker recommendation can be specified as the mean of separate ratings set by sell-side analysts to discern Consensus Rating. It has been recommended as "Buy Opinions" from 3 and 0 suggested "Sell Thoughts" for the stock.

Sonus Networks, Inc. (NASDAQ:SONS) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 1.19% to 6.79 with around 539035 shares have changed hands in this session.

Shares of Sonus Networks (NASDAQ:SONS) opened at 6.79 on Wednesday. The stock's 50 day moving average price is $6.39 and its 200-day moving average price is $7.18. The firm's market cap is $310.95 million.

For the year ended 2015-12-31 Sonus Networks, Inc. Drexel Hamilton has been covering shares of SONS, so it is most recent view is worth a look. AQR Capital Management LLC raised its position in Sonus Networks by 64.9% in the fourth quarter. On 1-5 base, where Zacks label 3 as hold recommendation and 1 as Strong Buy recommendation, the stock is ranked 2.71 based on 4 recommendations. Numeric Investors LLC bought a new position in Sonus Networks during the second quarter valued at about $3,004,000. They now have a Dollars 15 price target on the stock.

Relative strength index (RSI-14) for Sonus Networks, Inc.'s (SONS) is at 42.63.

At the moment 8 analysts are watching Sonus Networks, Inc.

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