Blair William & Co. IL reduced its position in shares of Sonus Networks Inc. (NASDAQ:SONS) by 38.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,229 shares of the company’s stock after selling 12,000 shares during the period. Blair William & Co. IL’s holdings in Sonus Networks were worth $167,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Bogle Investment Management L P DE raised its stake in Sonus Networks by 11.8% in the first quarter. Bogle Investment Management L P DE now owns 286,694 shares of the company’s stock worth $2,158,000 after buying an additional 30,242 shares during the period. Granite Investment Partners LLC raised its stake in Sonus Networks by 23.7% in the first quarter. Granite Investment Partners LLC now owns 199,277 shares of the company’s stock worth $1,500,000 after buying an additional 38,121 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Sonus Networks by 46.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 442,510 shares of the company’s stock worth $3,332,000 after buying an additional 140,200 shares during the period. Algert Global LLC bought a new stake in Sonus Networks during the first quarter worth about $987,000. Finally, Oxford Asset Management bought a new stake in Sonus Networks during the second quarter worth about $1,548,000. Institutional investors and hedge funds own 68.22% of the company’s stock.

Shares of Sonus Networks Inc. (NASDAQ:SONS) traded up 1.68% on Wednesday, reaching $8.47. The company had a trading volume of 223,638 shares. Sonus Networks Inc. has a 1-year low of $5.15 and a 1-year high of $10.00. The firm’s market capitalization is $418.35 million. The firm has a 50-day moving average price of $8.67 and a 200 day moving average price of $8.39.

Sonus Networks (NASDAQ:SONS) last released its earnings results on Wednesday, July 27th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. Sonus Networks had a positive return on equity of 1.75% and a negative net margin of 1.80%. The company earned $60.90 million during the quarter, compared to the consensus estimate of $59.67 million. During the same quarter last year, the company earned ($0.10) earnings per share. Sonus Networks’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Sonus Networks Inc. will post $0.38 earnings per share for the current year.

A number of equities research analysts have recently issued reports on SONS shares. William Blair restated a “hold” rating on shares of Sonus Networks in a research report on Tuesday, June 14th. TheStreet upgraded Sonus Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. DA Davidson initiated coverage on Sonus Networks in a research report on Wednesday, July 20th. They issued a “buy” rating and a $12.00 price target for the company. Zacks Investment Research lowered Sonus Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, B. Riley lowered Sonus Networks to a “neutral” rating and set a $10.25 price objective for the company. in a research report on Tuesday, August 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.50.

Sonus Networks Company Profile

Sonus Networks, Inc (Sonus) is a 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.

5 Day Chart for NASDAQ:SONS

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