Media headlines about Sonus Networks (NASDAQ:SONS) have been trending very positive recently, Alpha One reports. Alpha One, a service of Accern, rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sonus Networks earned a news impact score of 0.56 on Alpha One’s scale. Alpha One also gave news coverage about the communications equipment provider an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next few days.
Shares of Sonus Networks (NASDAQ:SONS) traded up 0.39% during midday trading on Friday, hitting $7.63. The stock had a trading volume of 123,072 shares. The firm’s 50-day moving average is $7.27 and its 200 day moving average is $6.53. The company’s market capitalization is $377.85 million. Sonus Networks has a one year low of $5.51 and a one year high of $10.00.
Sonus Networks (NASDAQ:SONS) last posted its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $53.37 million during the quarter, compared to analysts’ expectations of $52.11 million. Sonus Networks had a positive return on equity of 1.51% and a negative net margin of 2.52%. Sonus Networks’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share. Equities analysts expect that Sonus Networks will post $0.23 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. B. Riley restated a “neutral” rating and set a $7.75 price objective on shares of Sonus Networks in a research report on Monday, May 1st. DA Davidson lowered Sonus Networks from a “buy” rating to a “neutral” rating and set a $6.50 price objective for the company. in a research report on Thursday, February 16th. They noted that the move was a valuation call. William Blair restated a “hold” rating on shares of Sonus Networks in a research report on Sunday, February 19th. Zacks Investment Research upgraded Sonus Networks from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research report on Friday, February 17th. Finally, Benchmark Co. assumed coverage on Sonus Networks in a research report on Wednesday, April 26th. They set a “buy” rating and a $4.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Sonus Networks presently has a consensus rating of “Hold” and an average price target of $8.00.
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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