Verizon (VZ) Said to Pick Sonus' (SONS) SBC for Key East-Coast IP Link (APKT)
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Price: $8.14 --0%
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Sonus Networks (Nasdaq: SONS) shares are higher on the session amid trader sentiment that a little more work might be coming its was from a large U.S. telecom.
Northland Securities' Catharine Trebnick said that Verizon (NYSE: VZ) was adding Sonus' session border controllers (SBC) to its New York-Boston link in an effort to adjust to increased IP traffic. She thinks it would be a "mild positive" for Sonus moving forward.
Peer Acme Packet (Nasdaq: APKT) is seeing some unusual downside as some speculate that Verizon might shift controller suppliers, though Trebnick believes the Sonus deal wouldn't be a negative for the company.
Shares of Sonus are up over 2.5 percent while Acme Packet shares are 5.2 percent lower Thursday afternoon.
Northland Securities' Catharine Trebnick said that Verizon (NYSE: VZ) was adding Sonus' session border controllers (SBC) to its New York-Boston link in an effort to adjust to increased IP traffic. She thinks it would be a "mild positive" for Sonus moving forward.
Peer Acme Packet (Nasdaq: APKT) is seeing some unusual downside as some speculate that Verizon might shift controller suppliers, though Trebnick believes the Sonus deal wouldn't be a negative for the company.
Shares of Sonus are up over 2.5 percent while Acme Packet shares are 5.2 percent lower Thursday afternoon.
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