Trade Report: Today, Sonus Networks Inc. (SONS) Rating Reiterate by Oppenheimer Holdings Inc.

Today, Sonus Networks Inc. (SONS) Rating Reiterate by Oppenheimer Holdings Inc.

Sonus Networks Inc. (NASDAQ:SONS)‘s stock had its “outperform” rating reissued by equities research analysts at Oppenheimer Holdings Inc. in a report released on Friday. They currently have a $17.00 price objective on the stock. Oppenheimer Holdings Inc.’s target price would indicate a potential upside of 168.14% from the stock’s current price.

A number of other analysts also recently commented on SONS. B. Riley downgraded Sonus Networks from a “buy” rating to a “neutral” rating and set a $10.25 price objective for the company. in a research report on Thursday, July 28th. Zacks Investment Research upgraded Sonus Networks from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Saturday, July 30th. William Blair reiterated a “hold” rating on shares of Sonus Networks in a research report on Wednesday, September 28th. Finally, Cowen and Company downgraded Sonus Networks from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $8.00 to $4.00 in a research report on Thursday, September 29th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Sonus Networks currently has an average rating of “Hold” and a consensus target price of $9.95.

Shares of Sonus Networks (NASDAQ:SONS) opened at 6.08 on Friday. The firm’s 50-day moving average is $6.51 and its 200-day moving average is $8.15. The company’s market cap is $300.57 million. Sonus Networks has a 12 month low of $5.15 and a 12 month high of $10.00.

Sonus Networks (NASDAQ:SONS) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.03. Sonus Networks had a positive return on equity of 1.51% and a negative net margin of 2.52%. The company earned $65 million during the quarter, compared to the consensus estimate of $64.24 million. During the same quarter last year, the company earned $0.11 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts predict that Sonus Networks will post $0.30 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Sonus Networks during the second quarter worth about $320,000. Oxford Asset Management bought a new position in shares of Sonus Networks during the second quarter worth about $1,548,000. Neuberger Berman Group LLC boosted its position in shares of Sonus Networks by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 1,995,878 shares of the company’s stock worth $17,344,000 after buying an additional 50,465 shares during the last quarter. Nwam LLC bought a new position in shares of Sonus Networks during the second quarter worth about $224,000. Finally, GSA Capital Partners LLP bought a new position in shares of Sonus Networks during the second quarter worth about $414,000. 68.64% of the stock is owned by institutional investors and hedge funds.

Sonus Networks Company Profile

Related posts

Leave a Comment