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Last $7.97 USD
Change Today +0.08 / 1.01%
Volume 763.2K
SONS On Other Exchanges
Symbol
Exchange
SONS is not on other exchanges.
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

sonus networks inc (SONS) Key Developments

Sonus Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 27, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015 and Three Months Ending June 26, 2015

Sonus Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 27, 2015. For the quarter, the company reported total revenue of USD 50.145 million compared to USD 70.742 million a year ago. Loss from operations was USD 18.866 million compared to USD 5.791 million a year ago. Loss before income taxes was USD 18.793 million compared to USD 3.421 million a year ago. Net loss was USD 19.359 million compared to USD 3.953 million a year ago. Basic and diluted loss per share was USD 0.39 compared to USD 0.07 a year ago. Net cash used in operating activities was USD 17.476 million compared to net cash provided by operating activities of USD 21.206 million a year ago. Purchases of property and equipment were USD 2.512 million compared to USD 3.287 million a year ago. Purchases of marketable securities were USD 1.649 million. Non-GAAP loss from operations was USD 12.631 million compared to non GAAP income from operations of USD 4.102 million a year ago. Non-GAAP net loss was USD 13.124 million compared to non GAAP net income of USD 3.690 million a year ago. Non-GAAP loss per share was USD 0.27 compared to non GAAP earnings per share of USD 0.07 a year ago. The company provided earnings guidance for the year ending December 31, 2015. For the year, the company expects revenue on the range of USD 245 million to USD 250 million. GAAP loss per share is expected to be USD 0.80 to USD 0.75. Non GAAP loss per share is expected to be USD 0.15 to USD 0.10. The company provided earnings guidance for the three months ending June 26, 2015. For the period, the company expected revenue to be in the range of USD 53 million to USD 55 million. Non-GAAP gross margin is expected to be in the range of 64.0% to 65.0%. Non GAAP loss per share is expected to be in the range of USD 0.18 to USD 0.14. GAAP loss per share is expected to be in the range of USD 0.43 to USD 0.39. GAAP gross margin is expected to be in the range of 61.0% to 62.1%.

Rosen Law Firm Files Securities Class Action against Sonus Networks

The Rosen Law Firm announced that it has filed a class action lawsuit on behalf of purchasers of Sonus Networks, Inc. securities between October 23, 2014 through March 24, 2015. The lawsuit seeks to recover damages for Sonus investors under the federal securities laws. The lawsuit alleges that Sonus made false and/or misleading statements and/or failed to disclose that: the company would be unable to close certain orders in the first quarter of 2015; and the company was experiencing longer decision cycles from its customers. When the true details entered the market, the suit claims that investors suffered damages.

Sonus Networks, Inc. Revises Revenue Guidance for the First Quarter Ending March 27, 2015 and Provides Revenue Guidance for Full Year of 2015

Sonus Networks, Inc. revised revenue guidance for the first quarter ending March 27, 2015 and provided revenue guidance for full year of 2015. According to the company, revenues for the quarter are now expected to be in the range of USD 47 million to USD 50 million, as compared with the prior guidance of USD 74 million. The company currently anticipates that revenue for the full year of 2015 will be up to 25% below the midpoint of its previous annual guidance of USD 326 million to USD 330 million.

Sonus Networks Updates Earnings Guidance for the First Quarter of 2015; Provides Revenue Results for the Full Year of 2015

Sonus Networks updated earnings guidance for the first quarter of 2015 and provided revenue results for the full year of 2015. For the quarter, the company’s revenue is now expected to be in the range of $47 million to $50 million compared to previous guidance of $74 million. Non-GAAP loss per share is expected to be in the range of $0.29 to $0.34 compared to previous guidance of non-GAAP diluted earnings per share of $0.03. For full year of 2015, the company anticipates that revenue will be up to 25% below the midpoint of its previous annual guidance of $326 million to $330 million.

Sonus Networks, Inc. to Report Q1, 2015 Results on Apr 22, 2015

Sonus Networks, Inc. announced that they will report Q1, 2015 results at 8:30 AM, US Eastern Standard Time on Apr 22, 2015

 

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SONS

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Valuation SONS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x
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