Analysts at Northland Securities began coverage on shares of Sonus Networks (NASDAQ:SONS) in a research report issued to clients and investors on Friday, American Banking and Market News reports. The firm set an “outperform” rating and a $4.40 price target on the stock. Northland Securities’ target price would indicate a potential upside of 53.85% from the stock’s previous close.
Shares of Sonus Networks (NASDAQ:SONS) opened at 2.86 on Friday. Sonus Networks has a 52-week low of $1.61 and a 52-week high of $3.82. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $3.23. The company’s market cap is $782.2 million.
Sonus Networks (NASDAQ:SONS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $68.10 million for the quarter, compared to the consensus estimate of $69.37 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts predict that Sonus Networks will post $0.02 earnings per share for the current fiscal year.
Separately, analysts at Northland Capital Partners initiated coverage on shares of Sonus Networks in a research note to investors on Friday. They set an “outperform” rating and a $4.40 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $4.21.
Sonus Networks, Inc (NASDAQ:SONS) is a provider of networked solutions for communications service providers e.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.