Wolf Popper LLP Announces Investigation on Behalf of Investors in Sonus Networks, Inc.

NEW YORK, April 9, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of investors who purchased publicly traded securities of Sonus Networks, Inc. (Nasdaq: SONS), from October 23, 2014 through March 23, 2015.  Such investors are advised to contact Fei-Lu Qian at 877.370.7703 or [email protected].

A class action lawsuit has already been filed.  If you wish to serve as lead plaintiff, you must move the Court no later than June 5, 2015.  A lead plaintiff is a representative party acting on behalf of class members in directing the litigation.

On March 24, 2015, Sonus lowered revenue guidance for the first quarter of 2015 to a range of $47 million to $50 million compared to previous guidance of $74 million.  Further, Sonus disclosed that the "Company no longer expects to receive certain orders this quarter that had been expected to be received at the back end of the first quarter." 

As a result of these revelations, shares of Sonus common stock plummeted $4.46 per share or nearly 34%, to close at $8.70 per share on March 24, 2015. 

These revelations contradicted Sonus's representations on February 18, 2015 that it was "comfortable with the current consensus estimates for the first quarter of next year of $74 million in revenue" and "our first quarter is more backend loaded than the past few years but the revenue is also far more diversified.  In short, we're not dependent upon a single large deal in the quarter.  Instead, we have a number of good sized deals in our funnel that we expect to close over the next few weeks."

Wolf Popper LLP has extensive experience representing shareholders in securities class actions and has successfully recovered billions of dollars for defrauded investors.  The reputation and expertise of the firm in representing shareholders has been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation.  See www.wolfpopper.com

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLPFei-Lu Qian845 Third AvenueNew York, NY 10022Tel.: 877.370.7703Fax: 877.370.7704Email: [email protected]

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SOURCE Wolf Popper LLP