Market Runner: Institutional Investors Are Buying Sonus Networks Inc (NASDAQ:SONS)

November 21, 2016 - By Linda Rogers   ·   0 Comments

Market Runner: Institutional Investors Are Buying Sonus Networks Inc (NASDAQ:SONS)

Sentiment for Sonus Networks Inc (NASDAQ:SONS)

Sonus Networks Inc (NASDAQ:SONS) institutional sentiment increased to 1.38 in Q2 2016. Its up 0.29, from 1.09 in 2016Q1. The ratio has increased, as 59 investment professionals opened new or increased stock positions, while 54 sold and reduced stock positions in Sonus Networks Inc. The investment professionals in our partner’s database now hold: 32.77 million shares, down from 32.82 million shares in 2016Q1. Also, the number of investment professionals holding Sonus Networks Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 17 Reduced: 37 Increased: 38 New Position: 21.

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 $302.32 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.

About 54,674 shares traded hands. Sonus Networks, Inc. (NASDAQ:SONS) has declined 14.40% since April 19, 2016 and is downtrending. It has underperformed by 18.26% the S&P500.

According to Zacks Investment Research, “Sonus Networks, Inc. is a leading provider of voice infrastructure products for the new public network. Sonus’ solutions enable service providers to deploy an integrated network capable of carrying both voice and data traffic, and to deliver a range of innovative, new services. The Sonus Open Services Architecture and award-winning Packet Telephony suite cut the time-to-market for competitive new service products, allowing carriers and third-party developers to expand marketshare and build important new revenue streams.(Press Release)”

Horrell Capital Management Inc. holds 2.95% of its portfolio in Sonus Networks, Inc. for 631,500 shares. Central Securities Corp owns 467,612 shares or 0.95% of their US portfolio. Moreover, Ironwood Investment Management Llc has 0.9% invested in the company for 137,916 shares. The New York-based G2 Investment Partners Management Llc has invested 0.6% in the stock. Spark Investment Management Llc, a New York-based fund reported 418,100 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 insider sale for $8,783 net activity.

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

Ratings analysis reveals 60% of Sonus Networks’s analysts are positive. Out of 5 Wall Street analysts rating Sonus Networks, 3 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $10 while the high is $10. The stock’s average target of $10 is 62.87% above today’s ($6.14) share price. SONS was included in 5 notes of analysts from July 30, 2015. The stock of Sonus Networks, Inc. (NASDAQ:SONS) has “Underperform” rating given on Thursday, September 29 by Cowen & Co. The stock of Sonus Networks, Inc. (NASDAQ:SONS) earned “Outperform” rating by Barrington Research on Thursday, July 30. On Tuesday, October 20 the stock rating was initiated by Drexel Hamilton with “Hold”. The company was upgraded on Thursday, October 29 by Northland Capital. The firm earned “Buy” rating on Wednesday, July 20 by DA Davidson.

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 Integrates Policy and Signaling in Service Provider Networks” with publication date: June 28, 2016.

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By Linda Rogers

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