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Sonus Networks (SONS) in Focus: Stock Tumbles 6.7%

Zacks Equity Research

Sonus Networks, Inc. (SONS) saw a big move last session, as the company’s shares fell nearly 7% 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 $3.65 to $3.92 since Feb 20.

This slump shouldn’t be too much of a surprise to investors, as the current year earnings consensus has moved lower over the last 30 days for this networked solutions provider. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

SONS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include Juniper Networks, Inc. (JNPR), ShoreTel, Inc. (SHOR) and Harris Corporation (HRS). While Juniper Networks and ShoreTel sport a Zacks Rank #1 (Strong Buy), Harris Corp has a Zacks Rank #2 (Buy).

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SONUS NETWORKS INC (SONS): Free Stock Analysis Report

JUNIPER NETWORKS INC (JNPR): Free Stock Analysis Report

SHORETEL INC (SHOR): Free Stock Analysis Report

HARRIS CORP (HRS): Free Stock Analysis Report


Zacks Investment Research