$0.26 Earnings Per Share Expected for Sonus Networks, Inc. (SONS) This Quarter

Equities analysts expect Sonus Networks, Inc. (NASDAQ:SONS) to announce earnings of $0.26 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Sonus Networks’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.24. Sonus Networks posted earnings of $0.09 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 188.9%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 21st.

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

Sonus Networks (NASDAQ:SONS) last posted its earnings results on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. Sonus Networks had a net margin of 4.63% and a return on equity of 6.70%. The company had revenue of $74.60 million for the quarter, compared to analyst estimates of $68.50 million. During the same quarter in the prior year, the business posted $0.12 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year.

A number of equities research analysts recently weighed in on SONS shares. Zacks Investment Research upgraded shares of Sonus Networks from a “hold” rating to a “strong-buy” rating and set a $8.25 target price on the stock in a report on Thursday, October 19th. Cowen and Company restated a “sell” rating on shares of Sonus Networks in a report on Tuesday, October 17th. William Blair restated a “buy” rating on shares of Sonus Networks in a report on Monday, October 30th. TheStreet upgraded shares of Sonus Networks from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Finally, BidaskClub lowered shares of Sonus Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Sonus Networks presently has an average rating of “Hold” and an average price target of $8.64.

Shares of Sonus Networks (NASDAQ SONS) opened at $7.58 on Tuesday. Sonus Networks has a fifty-two week low of $5.72 and a fifty-two week high of $9.05.

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A number of large investors have recently bought and sold shares of SONS. American International Group Inc. increased 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 valued at $194,000 after buying an additional 1,930 shares during the last quarter. FMR LLC grew its position in shares of Sonus Networks by 91.5% during the 1st quarter. FMR LLC now owns 227,897 shares of the communications equipment provider’s stock valued at $1,502,000 after acquiring an additional 108,880 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Sonus Networks by 21.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 265,842 shares of the communications equipment provider’s stock valued at $1,752,000 after acquiring an additional 47,023 shares during the period. California Public Employees Retirement System grew its position in shares of Sonus Networks by 4.0% during the 1st quarter. California Public Employees Retirement System now owns 169,900 shares of the communications equipment provider’s stock valued at $1,120,000 after acquiring an additional 6,600 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sonus Networks by 3.4% during the 1st quarter. Geode Capital Management LLC now owns 394,525 shares of the communications equipment provider’s stock valued at $2,599,000 after acquiring an additional 13,141 shares during the period. Hedge funds and other institutional investors own 69.39% of the company’s stock.

Sonus Networks Company Profile

Sonus Networks, Inc, formerly Solstice Sapphire Investments, Inc, 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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