Sonus Networks (SONS) Receives Daily News Sentiment Rating of 0.13

News headlines about Sonus Networks (NASDAQ:SONS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sonus Networks earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 47.2123939152539 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of equities analysts recently issued reports on the stock. William Blair reiterated a “buy” rating on shares of Sonus Networks in a research report on Monday, October 30th. TheStreet raised shares of Sonus Networks from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Zacks Investment Research raised shares of Sonus Networks from a “hold” rating to a “strong-buy” rating and set a $8.25 price target for the company in a report on Thursday, October 19th. Cowen and Company reaffirmed a “sell” rating on shares of Sonus Networks in a research note on Tuesday, October 17th. Finally, DA Davidson raised shares of Sonus Networks from a “neutral” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Monday, August 7th. Three equities research 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 stock. Sonus Networks has an average rating of “Hold” and an average price target of $8.64.

Shares of Sonus Networks (NASDAQ SONS) traded down $0.12 during mid-day trading on Tuesday, reaching $6.97. The company’s stock had a trading volume of 380,500 shares, compared to its average volume of 379,974. Sonus Networks has a one year low of $5.72 and a one year high of $9.05.

Sonus Networks (NASDAQ:SONS) last announced its quarterly earnings data on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. The business had revenue of $74.60 million for the quarter, compared to the consensus estimate of $68.50 million. Sonus Networks had a negative net margin of 8.82% and a negative return on equity of 1.87%. Sonus Networks’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. equities research analysts forecast that Sonus Networks will post 0.09 EPS for the current year.

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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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