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Sonus Networks (SONS) in Focus: Stock Tumbles 11% - Tale of the Tape

Sonus Networks, Inc. ( SONS ) saw a big move last session, as the company's shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $16.96 to $19.08 since Jan 30, 2015.

On Feb 18, the company reported fourth-quarter net loss of $2.2 million, after reporting a profit in the year-ago-period. Also, the company's revenues of $76.8 million were shy of the Zacks Consensus Estimate of $77 million.

This network solutions provider has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, 1 decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

SONS currently has a Zacks Rank #4 (Sell).

Investors interested in the Wireless Equipment industry may consider better-ranked stock like InterDigital, Inc. ( IDCC ), which carries a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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