Sonus Networks (SONS) : Analyst Rating Update

Sonus Networks (SONS) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Sonus Networks (SONS) : Currently there are 3 street experts covering Sonus Networks (SONS) stock. The most bullish and bearish price target for the stock is $12 and $8 respectively for the short term. The average price target of all the analysts comes to $10.42. The estimated standard deviation from the target is $2.18.

Sonus Networks (NASDAQ:SONS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.46 and $8.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.62, notching a gain of 1.17% for the day. The total traded volume was 248,626 . The stock had closed at $8.52 on the previous day.

The company shares have rallied 33.96% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $9.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $8.81 and the 200 Day Moving Average price is recorded at $7.52.

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.

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