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Last $6.60 USD
Change Today -0.03 / -0.45%
Volume 252.7K
SONS On Other Exchanges
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As of 5:20 PM 09/3/15 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 Second Quarter and Six Months Ended June 26, 2015; Provides Earnings Guidance for the Third Quarter Ending September 25, 2015 and Year Ending December 31, 2015

Sonus Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 26, 2015. For the quarter, the company reported total revenue of $54,701,000 compared to $75,570,000 a year ago. Loss from operations was $15,049,000 compared to $4,801,000 a year ago. Loss before income taxes was $15,064,000 compared to $4,761,000 a year ago. Net loss was $15,343,000 or $0.31 per basic and diluted share compared to $5,497,000 or $0.11 per basic and diluted share a year ago. Non-GAAP loss from operations was $4,814,000 compared to non-GAAP income from operations of $4,914,000 a year ago. Non-GAAP net loss was $5,108,000 or $0.10 per diluted share compared to non-GAAP net income of $4,218,000 or $0.08 per diluted share a year ago. For the six months period, the company reported total revenue of $104,846,000 compared to $146,312,000 a year ago. Loss from operations was $33,915,000 compared to $10,592,000 a year ago. Loss before income taxes was $33,857,000 compared to $8,182,000 a year ago. Net loss was $34,702,000 or $0.70 per basic and diluted share compared to $9,450,000 or $0.18 per basic and diluted share a year ago. Net cash used in operating activities was $14,268,000 compared to net cash provided by operating activities of $20,254,000 a year ago. Purchases of property and equipment were $4,524,000 compared to $6,271,000 a year ago. Non-GAAP loss from operations was $17,445,000 compared to non-GAAP income from operations of $9,016,000 a year ago. Non-GAAP net loss was $18,232,000 or $0.37 per diluted share compared to non-GAAP net income of $7,908,000 or $0.15 per diluted share a year ago. The company provided earnings guidance for the third quarter ending September 25, 2015 and year ending December 31, 2015. For the third quarter of 2015, the company expects revenue of $65 million, non-GAAP gross margin outlook of 67.5% to 68.5%, loss per share of $0.10 to $0.07 and non-GAAP earnings per share of $0.05 to $0.08. OpEx expected to be in the range $40 million to $41 million. For the year ending December 31, 2015, the company expects revenue of $245 million to $250 million, loss per share of $0.73 to $0.63 and non-GAAP loss per share of $0.10.

One Source Networks Inc Selects Sonus Networks, Inc.'s Sonus SBC 7000 Session Border Controller

Sonus Networks, Inc. announced that One Source Networks Inc. (OSN) selected Sonus SBC 7000 Session Border Controller (SBC) for its Cloud Lync Enterprise offering. Additionally, the SBC 7000 provides the necessary flexibility and scale to power OSN's Lync Trunking product. OSN's Cloud Lync Enterprise -Skype for Business is a fully dedicated, cloud-based solution that provides all the feature functionality, privacy and customization of an on-premises Lync solution, delivered as a service. OSN's Lync Trunking offering is one of a handful in the world that has passed advanced Microsoft Secure Real-time Transport Protocol (SRTP) and Transport Layer Security (TLS) testing, providing a single and secure Lync-certified Session Initiation Protocol (SIP) trunking connection over which a range of communications services can be seamlessly delivered, from voice to chat to video. To take advantage of the full capabilities of Lync, it is critical for enterprises to ensure that the service provider's services and devices are Microsoft certified. The Lync-qualified SBC 7000 brings high scalability up to 150,000 sessions with fully enabled media and transcoding features into OSN's Microsoft Unified Communications as a Service (UCaaS) environments. Delivering capacity without compromise, the SBC 7000 also offers OSN advanced functionality to support emerging services, such as high definition (HD) voice and video, and will effectively address the unprecedented traffic demands these services will place on networks at access and interconnect borders. The SBC 7000 is purpose-built with performance and scale that delivers increased operational efficiency to help service providers and enterprises securely and efficiently handle the massive amount of audio, video, and collaboration traffic crossing their networks. With the evolution of Microsoft Lync to Skype for Business, Sonus will continue to collaborate with Microsoft on interoperability testing to enable and secure real-time communications in Skype for Business deployments. Sonus will also continue to work with OSN and provide the same no-compromise support that it has delivered for Microsoft Lync with Skype for Business in future engagements.

Sonus Networks, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Sonus Networks, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 29, 2015

Sonus Networks, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Sonus Networks, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Sonus Networks, Inc. Appoints William Hartwell as Vice President of Federal Government Sales

Sonus Networks, Inc. has appointed William Hartwell as vice president of Federal Government Sales. Hartwell will be responsible for driving revenue growth and the execution of strategic programs for Sonus' Federal business. Currently, Sonus solutions span more than 350 US government locations. Prior to the company, Hartwell led Riverbed Technology's federal presence as the company's vice president of Federal Government Sales, where he was responsible for implementing Riverbed's 'IT Performance' solutions and services for Wide Area Network (WAN) Optimization, Application Acceleration, Network Visibility and Continuous Monitoring throughout the US federal civilian agencies, Department of Defense (DoD) and intelligence community.

 

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SONS

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Valuation SONS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 1.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.9x
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