Kaufman Bros. Starts Sonus Networks, Inc. (SONS) at Hold; Continued Operational Improvements Likely in 2011
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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: 14 | New: 11
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Kaufman Bros. initiates coverage on Sonus Networks, Inc. (NASDAQ: SONS) with a Hold. PT $3.50.
Kaufman analyst says, "We believe that the SONS story has new legs with a revamped management team (including a strong CEO), an aggressive plan for opex discipline, and the NBS-5200 Session Border Control product that will likely challenge the current supplier incumbency among the global carrier base...We also believe that investor sentiment toward this name will remain skeptical until new product acceptance begins to translate into meaningful revenue growth...We are modeling revenues to grow 7% in 2012 to $293.3MM, and EPS of $0.08 vs. our 2011E of $0.03. We are also modeling for operating margin expansion of over 500 bps. in 2012 to 8.5%."
For more ratings news on Sonus Networks, Inc. click here and for the rating history of Sonus Networks, Inc. click here.
Shares of Sonus Networks, Inc. closed at $2.98 yesterday.
Kaufman analyst says, "We believe that the SONS story has new legs with a revamped management team (including a strong CEO), an aggressive plan for opex discipline, and the NBS-5200 Session Border Control product that will likely challenge the current supplier incumbency among the global carrier base...We also believe that investor sentiment toward this name will remain skeptical until new product acceptance begins to translate into meaningful revenue growth...We are modeling revenues to grow 7% in 2012 to $293.3MM, and EPS of $0.08 vs. our 2011E of $0.03. We are also modeling for operating margin expansion of over 500 bps. in 2012 to 8.5%."
For more ratings news on Sonus Networks, Inc. click here and for the rating history of Sonus Networks, Inc. click here.
Shares of Sonus Networks, Inc. closed at $2.98 yesterday.
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