Sonus Networks (SONS) Shares are Down -9.53%

Sonus Networks (SONS) : During the past 4 weeks, traders have been relatively bearish on Sonus Networks (SONS), hence the stock is down -10.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -9.68% relative to the S&P 500. The 4-week change in the price of the stock is -11.39% and the stock has fallen -9.53% in the past 1 week.

The stock has recorded a 20-day Moving Average of 8.92% and the 50-Day Moving Average is 10.83%.The 200 Day SMA reached 1.38%

Sonus

Sonus Networks (NASDAQ:SONS): After opening at $7.75, the stock dipped to an intraday low of $7.68 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.85 and the buying power remained strong till the end. The stock closed at $7.78 for the day, a gain of 0.65% for the day session. The total traded volume was 665,195. The stocks close on the previous trading day was $7.78.

Sonus Networks (SONS) stock is expected to deviate a maximum of $3.89 from the average target price of $9.56 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $13 and the most muted being $4.

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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