Sonus Networks, Inc. (SONS) Shares Bought by Alambic Investment Management L.P.


Meanwhile, due to an ongoing pressure which caused a decline of nearly -9.41% in the past five days, the stock price is now up 11.59% so far on the year - still in strong territory. Sonus and GENBAND shareholders will each own around 50% of the combined company. The firm earned "Outperform" rating on Thursday, July 30 by Barrington Research. KBC Group NV boosted its stake in shares of Sonus Networks by 3.2% in the first quarter. Stoneridge Investment Partners LLC now owns 48,986 shares of the communications equipment provider's stock worth $323,000 after buying an additional 20,373 shares during the last quarter.

Cannell Capital Llc increased Hudson Global Inc (HSON) stake by 24.82% reported in 2016Q4 SEC filing. Los Angeles Capital Management & Equity Research Inc. now owns 52,930 shares of the communications equipment provider's stock valued at $412,000 after buying an additional 16,130 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Sonus Networks during the third quarter valued at $236,000. Cowen Prime Services LLC now owns 141,931 shares of the communications equipment provider's stock valued at $935,000 after buying an additional 1,000 shares during the period.

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Sonus Networks, Inc. (SONS), a part of Technology sector and belongs to Communication Equipment industry; ended its day with loss -11.01% and finalized at the price of $7.03. Each Sonus shareholder will receive one share of common stock in the combined company for each existing share owned. The firm has a 50-day moving average of $7.39 and a 200-day moving average of $6.60. The 1-year High price of the stock is $0.00, while the 1-year low price is $5.51.

The two companies said their combined 2016 revenue would have been roughly $680 million, and earnings before interest, depreciation and taxes would have been approximately $50 million. It is negative, as 15 investors sold Sonus Networks, Inc. shares while 44 reduced holdings. The firm had revenue of $53.37 million during the quarter, compared to the consensus estimate of $52.11 million. Over the past month the firm's stock is 16.18%, 33.45% for the last quarter, 27.83% for the past six-months and -10.73% for the a year ago. Over the past year Company's shares have been trading in the range of $5.51 and $10.00. Equities research analysts forecast that Sonus Networks, Inc. will post $0.23 earnings per share for the current year.

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COPYRIGHT VIOLATION WARNING: This news story was posted by BBNS and is the sole property of of BBNS. If you are reading this report on another site, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. The legal version of this news story can be read at The average numbers of shares are traded in a security per day, during the recent 3-month period. William Blair reaffirmed a "hold" rating on shares of Sonus Networks in a report on Monday, May 1st. Finally, DA Davidson cut Sonus Networks from a buy rating to a neutral rating and set a $6.50 target price on the a research report on Thursday, February 16th. They noted that the move was a valuation call.

Previously Sonus Networks Inc (NASDAQ:SONS) reported $-0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.13 by $0.04. They set a "buy" rating and a $4.00 price objective on the stock.

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According to the latest research reports released, 2 analysts have issued a rating of "buy", 0 analysts "outperform", 5 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". The $7.38 level represents at least another 6.58% downside for the stock from its current price. Together, Sonus and GENBAND will be better positioned to enable network transformations to IP and cloud-based networks for communication service providers and enterprise customers worldwide, with a broader and deeper global sales footprint, increased ability to invest in growth, more efficient and effective R&D, and a comprehensive real-time communications product offering.