Cantor Fitzgerald Upgrades Sonus Networks (SONS) to Buy
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Cantor Fitzgerald upgrades Sonus Networks (Nasdaq: SONS) from Hold to Buy and maintains a $5.50 price target.
The firm said it is very confident in its revenue and EPS estimates on Sonus, and noted that this is the second time in a month it has reiterated its confidence.
With shares of Sonus down more than 40% in the last three months, Cantor said the stock looks very attractive at current levels and based its upgrade solely on valuation.
Sonus Networks, Inc. provides voice infrastructure solutions for wireline and wireless service providers.
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