Sonus Networks (SONS) Getting Somewhat Favorable Media Coverage, Report Finds

Headlines about Sonus Networks (NASDAQ:SONS) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonus Networks earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 47.1252453344318 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Sonus Networks (SONS) traded down $0.01 during midday trading on Friday, reaching $7.09. The company had a trading volume of 359,200 shares, compared to its average volume of 620,824. Sonus Networks has a 1 year low of $5.72 and a 1 year high of $9.05.

Sonus Networks (NASDAQ:SONS) last released its quarterly earnings data on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. The firm 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 1.87% and a negative net margin of 8.82%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. equities analysts predict that Sonus Networks will post 0.09 EPS for the current fiscal year.

A number of research firms have recently weighed in on SONS. William Blair restated a “buy” rating on shares of Sonus Networks in a research report on Monday, October 30th. TheStreet upgraded Sonus Networks from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Zacks Investment Research downgraded Sonus Networks from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Cowen and Company reiterated a “sell” rating on shares of Sonus Networks in a report on Tuesday, October 17th. Finally, BidaskClub downgraded Sonus Networks from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.64.

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About Sonus Networks

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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