Stock Worth Mentioning: Sonus Networks, Inc. Can’t Be More Safe. Trades Significantly Higher

Stock Worth Mentioning: Sonus Networks, Inc. Can't Be More Safe. Trades Significantly Higher

The stock of Sonus Networks, Inc. (NASDAQ:SONS) is a huge mover today! The stock increased 2.12% or $0.12 during the last trading session, hitting $5.79. About 752,971 shares traded hands or 97.97% up from the average. Sonus Networks, Inc. (NASDAQ:SONS) has declined 22.86% since March 29, 2016 and is downtrending. It has underperformed by 26.33% the S&P500.
The move comes after 5 months positive chart setup for the $273.44M company. It was reported on Oct, 31 by We have $13.55 PT which if reached, will make NASDAQ:SONS worth $366.41M more.

Sonus Networks, Inc. (NASDAQ:SONS) Ratings Coverage

Out of 5 analysts covering Sonus Networks (NASDAQ:SONS), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. Sonus Networks has been the topic of 5 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Thursday, July 30 the stock rating was upgraded by Barrington Research to “Outperform”. The stock of Sonus Networks, Inc. (NASDAQ:SONS) has “Outperform” rating given on Thursday, October 29 by Northland Capital. The firm has “Hold” rating by Drexel Hamilton given on Tuesday, October 20. Cowen & Co downgraded Sonus Networks, Inc. (NASDAQ:SONS) on Thursday, September 29 to “Underperform” rating. The stock of Sonus Networks, Inc. (NASDAQ:SONS) earned “Buy” rating by DA Davidson on Wednesday, July 20.

According to Zacks Investment Research, “Sonus Networks, Inc. is a leading provider of voice infrastructure products for the new public network. Sonus’ solutions enable service providers to deploy an integrated network capable of carrying both voice and data traffic, and to deliver a range of innovative, new services. The Sonus Open Services Architecture and award-winning Packet Telephony suite cut the time-to-market for competitive new service products, allowing carriers and third-party developers to expand marketshare and build important new revenue streams.(Press Release)”

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.18, from 1.27 in 2016Q1. The ratio dived, as 17 funds sold all Sonus Networks, Inc. shares owned while 37 reduced positions. 21 funds bought stakes while 38 increased positions. They now own 32.77 million shares or 0.15% less from 32.82 million shares in 2016Q1.
Mufg Americas Corp, a New York-based fund reported 660 shares. California State Teachers Retirement holds 0% of its portfolio in Sonus Networks, Inc. (NASDAQ:SONS) for 100,050 shares. Qs Ltd Liability Corp has invested 0% of its portfolio in Sonus Networks, Inc. (NASDAQ:SONS). First L P has invested 0.06% of its portfolio in Sonus Networks, Inc. (NASDAQ:SONS). Dimensional Fund Limited Partnership has 2.04 million shares for 0.01% of their US portfolio. One Trading Lp accumulated 6,348 shares or 0% of the stock. Quantitative Inv Management Limited Co owns 10,100 shares or 0% of their US portfolio. Millennium Mgmt last reported 554,533 shares in the company. D E Shaw Company Inc accumulated 1.09M shares or 0.02% of the stock. Metropolitan Life Ins Communications Ny, a New York-based fund reported 35,788 shares. Jacobs Levy Equity Management Inc accumulated 0.09% or 484,010 shares. Renaissance Technologies Ltd Llc last reported 0.04% of its portfolio in the stock. Swiss National Bank & Trust has 0% invested in the company for 80,974 shares. Paradigm Cap Management Ny, a New York-based fund reported 25,000 shares. Segall Bryant And Hamill Ltd Liability Company holds 127,867 shares or 0.03% of its portfolio.

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 1 insider sale for $8,783 net activity. Shares for $8,783 were sold by SCHOFIELD JOHN A on Friday, August 12.

More notable recent Sonus Networks, Inc. (NASDAQ:SONS) news were published by: which released: “Sonus Demystifies Cloud Myths with Cloud-Optimized Portfolio” on October 21, 2016, also with their article: “Sonus Sponsors Real-Time Communications in the Cloud Webinar Series” published on October 28, 2016, published: “Why Sonus Networks, Inc. Jumped on Tuesday” on February 16, 2016. More interesting news about Sonus Networks, Inc. (NASDAQ:SONS) were released by: and their article: “Sonus Brings Proven Security to NuWave’s Hosted Cloud Communication and …” published on October 18, 2016 as well as‘s news article titled: “Sonus Networks Reports 2016 Second Quarter Results” with publication date: July 27, 2016.

SONS Company Profile

Sonus Networks, Inc. (Sonus), incorporated on August 7, 1997, is a well-known provider of networked solutions for communications service providers (telecommunications, wireless and cable service providers) and enterprises. The Company’s products include session border controllers (SBCs), diameter signaling controllers (DSCs), policy/routing servers, network intelligence applications (VellOS), which is designed to network-wide security and other cloud network exchange services, media and signaling gateways and network analytics tools. Sonus helps communications service providers and enterprises hold the next generation of Session Initiation Protocol (SIP) and fourth generation/long term evolution (4G/LTE) solutions, including Voice over Internet Protocol (VoIP), video and Unified Communications (UC) through Internet Protocol (IP) networks.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment