Sonus Networks, Inc. provides networked solutions for communications service providers and enterprises. Its solutions include Session Border Controllers (SBC) that address security and interworking requirements for small, medium, and large businesses, as well as regional and global communications service providers; GSX9000 Open Services Switch, which bridges IP and TDM networks by converting voice signal into IP packets and transmitting those IP packets over a data network; Diameter Signaling Controller, a solution for 4G/long term evolution networks; Signal Transfer Points that acts as the switch/router in an SS7 signaling network; and Sonus PSX Policy & Routing Server, a central routing and policy engine for its soft switch and distributed SBC solutions. Its solutions also include WebRTC (Real-Time Communications) services solution, a technology that enables Web browsers to participate in audio, video, and data communications; Cloud Exchange Network Applications (VellOS), a cloud exchange networking solution; and Network Management Solutions, a solution to manage and integrate networked solutions with internal provisioning and billing systems. In addition, the company provides professional consulting and services, such as design, integration, deployment, migration, operation support, monitoring, managed services, training, interoperability/verification testing, and technical support services. It serves long distance carriers, local exchange carriers, Internet service providers, wireless operators, cable operators, telephone companies, and carriers that provide services to other carriers through direct sales and indirect channels. Sonus Networks, Inc. was founded in 1997 and is headquartered in Westford, Massachusetts.
Sonus reports 3Q loss WESTFORD, Mass. (AP) _ Sonus Networks Inc. (SONS) on Wednesday reported a loss of $3.7 million in its third quarter. On a per-share basis, the Westford, Massachusetts-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, were 12 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. The maker of technology for telephone services over Internet networks posted revenue of $65 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $64.1 million. For the current quarter ending in December, Sonus expects its per-share earnings to range from 9 cents to 12 cents. The company said it expects revenue in the range of $65 million to $67 million for the fiscal fourth quarter. Sonus expects full-year earnings in the range of 33 cents to 36 cents per share, with revenue ranging from $250 million to $252 million. Sonus shares have increased 5.5 percent since the beginning of the year. The stock has increased 14 percent in the last 12 months.
Investors should be paying attention to Sonus Networks, Inc. (NASDAQ:SONS). The stock has been making higher lows and higher highs, coming off a major bottom. In addition, over the last week the stock has been building a bull flag pattern, signaling a coming blast higher. Once Sonus Networks breaks out to the upside, the first target is $7.50, the second target is $8.55. The trigger to buy Sonus Networks will be any break above $6.50. The stock is currently trading at $6.33. Do not jump the gun and buy, be patient. Once it breaks, it will blast hard and fast.
Shares of Sonus Networks ($SONS) moved sharply higher in pre-market trading after the company announced a merger with GENBAND in a transaction valuing the combined company at approximately $745 million.
