ADTRAN, Inc. (NASDAQ: ADTN), American International Group, Inc. (NYSE: AIG), Ciena Corp. (NASDAQ: CIEN), Sonus Networks, Inc. (NASDAQ: SONS), Crosstex Energy LP (NASDAQ: XTEX) and Vanguard Health System (NYSE: VHS) getting new coverage from analysts.
Kaufman Brothers initiated coverage on ADTRAN, Inc. (ADTN). They placed a “Buy” rating and a price target of $50.00 on the company.
Citigroup (NYSE:C) initiated coverage on American International Group, Inc. (AIG). They placed a “Hold” rating and a price target of $33.00 on the company.
Kaufman Brothers initiated coverage on Ciena Corp. (CIEN). They placed a “Hold” rating and a price target of $17.00 on the company.
Kaufman Brothers initiated coverage on Sonus Networks, Inc. (SONS). They placed a “Hold” rating and a price target of $3.50 on the company.
Janney Montgomery Scott initiated coverage on Crosstex Energy LP (XTEX). They placed a “Buy” rating on the company.
Susquehanna Vanguard initiated coverage on Health System (VHS). They placed a “Positive” rating on the company.
Showing posts with label Sonus Networks. Show all posts
Showing posts with label Sonus Networks. Show all posts
Monday, August 1, 2011
Thursday, May 5, 2011
6 Losers (KNDI) (DHRM) (BTUI) (SONS) (WWWW) (SWSH) on May 4
The major losers on May 4 were led Kandi Technolgies (NASDAQ:KNDI), which closed the trading session at $2.08, plunging $0.65, or 23.81 percent. Volume jumped about four times the 3-month daily average.
Next was Dehaier Medical Systems Limited (NASDAQ:DHRM), which ended the day at $4.26, plummeting $1.039, or 19.62 percent. Volume was over 10 times the 3-month daily average on the day.
Third worst loser on May 4 was BTU International, Inc. (NASDAQ:BTUI), closing at $10.02, dropping $2.42, or 19.45 percent. Volume for BTUI was also over 10 times the 3-month average.
Following BTUI was Sonus Networks, Inc. (NASDAQ:SONS), which dropped to $2.99, falling $0.68, or 18.53 percent. Volume for them was just under 3 times the 3-month daily average.
Web.com also got hammered (NASDAQ:WWWW), closing at $12.42, down $2.58, or 17.20 percent. Volume was close to 5 times the daily 3-month average.
Swisher Hygiene, Inc. (NASDAQ:SWSH) was the sixth-worst performer, ending the day at $6.64, declining $1.35, or 16.90 percent. Volume for Swisher was also about 5 times the daily 3-month average.
Next was Dehaier Medical Systems Limited (NASDAQ:DHRM), which ended the day at $4.26, plummeting $1.039, or 19.62 percent. Volume was over 10 times the 3-month daily average on the day.
Third worst loser on May 4 was BTU International, Inc. (NASDAQ:BTUI), closing at $10.02, dropping $2.42, or 19.45 percent. Volume for BTUI was also over 10 times the 3-month average.
Following BTUI was Sonus Networks, Inc. (NASDAQ:SONS), which dropped to $2.99, falling $0.68, or 18.53 percent. Volume for them was just under 3 times the 3-month daily average.
Web.com also got hammered (NASDAQ:WWWW), closing at $12.42, down $2.58, or 17.20 percent. Volume was close to 5 times the daily 3-month average.
Swisher Hygiene, Inc. (NASDAQ:SWSH) was the sixth-worst performer, ending the day at $6.64, declining $1.35, or 16.90 percent. Volume for Swisher was also about 5 times the daily 3-month average.
Tuesday, March 1, 2011
Sonus Networks (SONS) Rocks on Revenue Growth, Guidance
For the most part guidance has been the story this earnings season, and that's the case with Sonus Networks (Nasdaq:SONS), which is up over 35 percent on the day.
Revenue rose 21 percent to $83 million, from $68.7 million in the same period quarter last year, far more than the $68.6 million analysts were looking for. Net income jumped to $11.4 million from $10.3 million in the same quarter last year. EPS came in at 4 cents a share.
Guidance for 2011 is for revenue to rise to a range of $265 million to $285, above the $242.3 million analysts projecting.
While the product portfolio of the company is slightly profitable, it doesn't justify the huge jump in the share price of the company, which is sure to come crashing back to earth, although possibly at a little higher level than where it started before the earnings report.
Sonus was trading at $4.11, soaring $1.08, or 35.64 percent, as of 2:38 PM EST.
Revenue rose 21 percent to $83 million, from $68.7 million in the same period quarter last year, far more than the $68.6 million analysts were looking for. Net income jumped to $11.4 million from $10.3 million in the same quarter last year. EPS came in at 4 cents a share.
Guidance for 2011 is for revenue to rise to a range of $265 million to $285, above the $242.3 million analysts projecting.
While the product portfolio of the company is slightly profitable, it doesn't justify the huge jump in the share price of the company, which is sure to come crashing back to earth, although possibly at a little higher level than where it started before the earnings report.
Sonus was trading at $4.11, soaring $1.08, or 35.64 percent, as of 2:38 PM EST.
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