Media stories about Sonus Networks (NASDAQ:SONS) have been trending positive recently, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne 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 0.29 on AlphaOne’s scale. AlphaOne also gave press coverage about the communications equipment provider an impact score of 96 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:
Several research firms have weighed in on SONS. B. Riley reissued a “neutral” rating and issued a $7.00 target price on shares of Sonus Networks in a research note on Friday, February 10th. Benchmark Co. began coverage on Sonus Networks in a research note on Wednesday, April 26th. They issued a “buy” rating and a $4.00 target price on the stock. Zacks Investment Research lowered Sonus Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 23rd. William Blair reissued a “hold” rating on shares of Sonus Networks in a research note on Monday, May 1st. Finally, DA Davidson lowered Sonus Networks from a “buy” rating to a “neutral” rating and set a $6.50 target price on the stock. in a research note on Thursday, February 16th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $8.00.
Sonus Networks (NASDAQ:SONS) traded up 1.54% during trading on Friday, reaching $7.90. The company’s stock had a trading volume of 498,226 shares. The firm has a 50 day moving average price of $6.92 and a 200-day moving average price of $6.47. Sonus Networks has a 52-week low of $5.51 and a 52-week high of $10.00. The stock’s market cap is $389.46 million.
Sonus Networks (NASDAQ:SONS) last announced its earnings results on Wednesday, April 26th. The communications equipment provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. Sonus Networks had a positive return on equity of 1.51% and a negative net margin of 2.52%. The company had revenue of $53.37 million for the quarter, compared to analyst estimates of $52.11 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts expect that Sonus Networks will post $0.23 earnings per share for the current year.
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.