Sonus Networks, Inc. (SONS) Tops Q2 EPS by 1c; Issues Better FY Outlook

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Jefferies Lifts PT on Sonus Networks (SONS) After Checks, Sees 19% Upside

July 29, 2013 8:22 AM EDT

Jefferies reiterated a Buy rating on Sonus Networks, Inc. (NASDAQ: SONS) and raised their price target from $3.50 to $4.25 following positive checks. The new price target suggests 19% upside to Friday's close.

"Our checks continue to suggest Sonus is likely to continue to... More