Sonus Networks (SONS) has been under a strong bear grip, hence the stock is down -1.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.35% in the past 1 week. The stock has risen by 1.86% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.46% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 0.14%.The 200 Day SMA reached 13.72%. Sonus Networks, Inc. has dropped 4.15% during the last 3-month period . Year-to-Date the stock performance stands at 23.14%.
Sonus Networks (NASDAQ:SONS): After opening at $8.63, the stock dipped to an intraday low of $8.56 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.83 and the buying power remained strong till the end. The stock closed at $8.78 for the day, a gain of 2.09% for the day session. The total traded volume was 257,858. The stocks close on the previous trading day was $8.6.
Sonus Networks, Inc. is a provider of networked solutions for telecommunications, wireless and cable service providers and enterprises. Its products include session border controllers, Session Initiation Protocol (SIP) session management servers, Voice over IP (VoIP) switches, SIP application servers, multiprotocol signaling gateways and network analytics tools. Its solutions address the need for communications service providers and enterprises to seamlessly link and leverage multivendor, multiprotocol communications systems and applications across their networks, around the world and in a changing ecosystem of internet Protocol (IP)-enabled devices, such as smartphones and tablets. Its solutions help its customers realize the intended value and benefits of Unified Communications (UC) platforms, such as Microsoft Lync by enabling disparate communications environments, commonplace in enterprises, to work seamlessly together.