Short Interest Don’t Lie: Is Sonus Networks Incorporated (NASDAQ:SONS) a Buy? The Stock Reported Less Sellers

November 16, 2016 - By Dolores Ford   ·   0 Comments

Short Interest Don't Lie: Is Sonus Networks Incorporated (NASDAQ:SONS) a Buy? The Stock Reported Less Sellers

The stock of Sonus Networks Incorporated (NASDAQ:SONS) registered a decrease of 0.31% in short interest. SONS’s total short interest was 979,100 shares in November as published by FINRA. Its down 0.31% from 982,100 shares, reported previously. With 231,800 shares average volume, it will take short sellers 4 days to cover their SONS’s short positions. The short interest to Sonus Networks Incorporated’s float is 2.09%. About 46,449 shares traded hands. Sonus Networks, Inc. (NASDAQ:SONS) has declined 18.24% since April 14, 2016 and is downtrending. It has underperformed by 22.93% the S&P500.

Sonus Networks, Inc. is a provider of networked solutions for communications service providers (telecommunications, wireless and cable service providers) and enterprises. The company has a market cap of $295.48 million. The Company’s products include session border controllers (SBCs), diameter signaling controllers (DSCs), policy/routing servers, network intelligence applications (VellOS), which is designed to network-wide security and other cloud network exchange services, media and signaling gateways and network analytics tools. It currently has negative earnings. Sonus helps communications service providers and enterprises hold the next generation of Session Initiation Protocol (SIP) and fourth generation/long term evolution (4G/LTE) solutions, including Voice over Internet Protocol (VoIP), video and Unified Communications (UC) through Internet Protocol (IP) networks.

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.18, from 1.27 in 2016Q1. The ratio dived, as 17 funds sold all Sonus Networks, Inc. shares owned while 37 reduced positions. 21 funds bought stakes while 38 increased positions. They now own 32.77 million shares or 0.15% less from 32.82 million shares in 2016Q1.
Ladenburg Thalmann Financial Serv Inc owns 4,554 shares or 0% of their US portfolio. Secor Cap Advsrs Ltd Partnership holds 52,691 shares or 0.06% of its portfolio. Ironwood Inv Mngmt Limited Company, a Massachusetts-based fund reported 137,916 shares. Aqr Mgmt Ltd Company accumulated 0% or 138,701 shares. First Midwest Fincl Bank Trust Division reported 25,580 shares or 0.03% of all its holdings. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Sonus Networks, Inc. (NASDAQ:SONS) for 1,034 shares. Advisory Networks Ltd Company accumulated 110 shares or 0% of the stock. Peak6 Invests L P holds 0% of its portfolio in Sonus Networks, Inc. (NASDAQ:SONS) for 38,795 shares. Moreover, Renaissance Tech Llc has 0.04% invested in Sonus Networks, Inc. (NASDAQ:SONS) for 2.17M shares. Citigroup Inc, a New York-based fund reported 200 shares. Blackrock Fund Advsr holds 0% of its portfolio in Sonus Networks, Inc. (NASDAQ:SONS) for 1.25M shares. Blackrock Grp Inc Limited owns 37,831 shares or 0% of their US portfolio. Tiaa Cref Inv Mngmt Lc last reported 0% of its portfolio in the stock. Tower Rech Limited Liability Company (Trc) holds 0% or 183 shares in its portfolio. The California-based Granite Prtnrs Limited Company has invested 0.18% in Sonus Networks, Inc. (NASDAQ:SONS).

Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 1 insider sale for $8,783 net activity. 1,000 shares with value of $8,783 were sold by SCHOFIELD JOHN A on Friday, August 12.

Sonus Networks, Inc. (NASDAQ:SONS) Ratings Coverage

Out of 5 analysts covering Sonus Networks (NASDAQ:SONS), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. Sonus Networks has been the topic of 5 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Barrington Research upgraded Sonus Networks, Inc. (NASDAQ:SONS) rating on Thursday, July 30. Barrington Research has “Outperform” rating and $10 price target. The firm has “Underperform” rating given on Thursday, September 29 by Cowen & Co. DA Davidson initiated Sonus Networks, Inc. (NASDAQ:SONS) on Wednesday, July 20 with “Buy” rating. Northland Capital upgraded the shares of SONS in a report on Thursday, October 29 to “Outperform” rating. The rating was initiated by Drexel Hamilton with “Hold” on Tuesday, October 20.

SONS Company Profile

Sonus Networks, Inc. (Sonus), incorporated on August 7, 1997, is a well-known provider of networked solutions for communications service providers (telecommunications, wireless and cable service providers) and enterprises. The Company’s products include session border controllers (SBCs), diameter signaling controllers (DSCs), policy/routing servers, network intelligence applications (VellOS), which is designed to network-wide security and other cloud network exchange services, media and signaling gateways and network analytics tools. Sonus helps communications service providers and enterprises hold the next generation of Session Initiation Protocol (SIP) and fourth generation/long term evolution (4G/LTE) solutions, including Voice over Internet Protocol (VoIP), video and Unified Communications (UC) through Internet Protocol (IP) networks.

More notable recent Sonus Networks, Inc. (NASDAQ:SONS) news were published by: Fool.com which released: “How Sonus Networks, Inc. Fell 25.6% in October” on November 09, 2016, also Prnewswire.com with their article: “Sonus Networks Reports 2016 Third Quarter Results” published on October 26, 2016, Fool.com published: “Why Sonus Networks, Inc. Jumped on Tuesday” on February 16, 2016. More interesting news about Sonus Networks, Inc. (NASDAQ:SONS) were released by: Prnewswire.com and their article: “Sonus Networks Reports 2016 Second Quarter Results” published on July 27, 2016 as well as Prnewswire.com‘s news article titled: “Sonus Demystifies Cloud Myths with Cloud-Optimized Portfolio” with publication date: October 21, 2016.

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By Dolores Ford


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