Sonus Networks, Inc. stock performance trend indicates that the stock price has rallied 1.98% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -13.75% . Looking at the past 52 week period, the stock price is down -9.81% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Sonus Networks, Inc. has a negative value of -22.76 compared to overall market performance.Sonus Networks, Inc. is having a Relative Strength Index of 65.84 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Sonus Networks, Inc. (NASDAQ:SONS) has climbed 4.35% in the past week and advanced 11.37% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.11% and the outperformance has advanced to 10.1% for the last 4 weeks period.
Company shares have received an average consensus rating of Hold for the current week Sonus Networks, Inc. (NASDAQ:SONS) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.16 points or 2.33% at $6.71 with 1,570,015 shares getting traded. Post opening the session at $6.85, the shares hit an intraday low of $6.66 and an intraday high of $6.85 and the price was in this range throughout the day. The company has a market cap of $329 million and the number of outstanding shares has been calculated to be 49,067,648 shares. The 52-week high of Sonus Networks, Inc. (NASDAQ:SONS) is $10 and the 52-week low is $5.51.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Sonus Networks was Downgraded by DA Davidson on Feb 16, 2017 to Neutral, Price Target of the shares are set at $6.50.
Company has reported several Insider transactions to the SEC, on Aug 15, 2016, John A Schofield (director) sold 1,000 shares at 8.78 per share price.On Feb 26, 2015, Peter Polizzi (VP, Global Services) sold 19,994 shares at 16.98 per share price.On Feb 20, 2015, Mark T Greenquist (CFO) purchased 4,000 shares at 16.00 per share price.
Sonus Networks Last issued its quarterly earnings results on Feb 15, 2017. The company reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.06. The company had revenue of $67.60 million for the quarter, compared to analysts expectations of $67.82 million. The companys revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
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)