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Wells Fargo Downgrades Sonus Networks, Inc. (SONS) to Market Perform

March 24, 2015 11:39 AM EDT
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Price: $8.14 --0%

Rating Summary:
    9 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 10
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Wells Fargo downgraded Sonus Networks, Inc. (NASDAQ: SONS) from Outperform to Market Perform with a price target of $9-$11 (from $21-$23). Earlier Sonus cut Q1 and FY outlook. Analyst Jess Lubert now sees 2015 as a transition year.

For an analyst ratings summary and ratings history on Sonus Networks, Inc. click here. For more ratings news on Sonus Networks, Inc. click here.

Shares of Sonus Networks, Inc. closed at $13.16 yesterday.



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