Sonus Networks (SONS) Tops Q1 EPS by 4c; Issues Mixed Outlook

Sonus Networks (NASDAQ: SONS) reported Q1 EPS of ($0.27), $0.04 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $50.1 million versus the consensus estimate of $48.33 million.

Sonus Networks sees Q2 2015 EPS of ($0.14)-($0.18), versus the consensus of ($0.10). Sonus Networks sees Q2 2015 revenue of $53-55 million, versus the consensus of $60.2 million.

Sonus Networks sees FY2015 EPS of ($0.10)-($0.15), versus the consensus of ($0.31). Sonus Networks sees FY2015 revenue of $245-250 million, versus the consensus of $247.5 million.

“Recent customer conversations, including conversations with our largest customers, and our RFP activity, clearly support that Sonus’ technology is aligned with the technology strategies of our customers,” said Ray Dolan, president and chief executive officer. “While lengthening decision cycles are placing pressure on our near term results, Sonus remains well-positioned, both technically and commercially, as opportunities develop, and I believe these opportunities will develop given the inevitable technology shift we anticipate in this industry. We expect the actions we are taking to optimize our cost structure while ensuring we continue to invest in key technologies to enable us to successfully manage through this macro environment and drive value for our customers and our shareholders.”

For earnings history and earnings-related data on Sonus Networks (SONS) click here.

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