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Sonus Networks Inc (SONS.OQ)

SONS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Sonus, Genband to combine
Tuesday, 23 May 2017 06:30am EDT 

May 23 (Reuters) - Sonus Networks Inc ::Sonus and GENBAND to combine to create a global leader in real-time communications software solutions.Sonus Networks Inc - transaction values combined company at an enterprise value of approximately $745 million.Sonus Networks Inc - deal expected to be substantially accretive to Sonus' non-GAAP EPS in 2018.Sonus Networks Inc - deal projected to have annual cost synergies of $40-$50 million by end of 2018.Sonus Networks Inc - post-annualized synergies, combined co expected to generate at least $100 million in annual EBITDA, with 2020 EBITDA seen to be approximately $140 million.Sonus Networks Inc - transaction has been unanimously approved by boards of directors of both companies.Sonus Networks Inc - combined company will have an estimated net cash position of $40 million to $45 million at time of close.Sonus Networks Inc - combined company to issue about 50 million shares to Genband's equity owners and $22.5 million of consideration in form of an unsecured note.Sonus Networks Inc - Sonus and Genband shareholders will each own approximately 50% of combined company.Sonus Networks Inc says chief executive officer of combined company will be dolan.Sonus Networks Inc says Daryl Raiford, chief financial officer of Genband, will serve as chief financial officer of combined company.Sonus Networks Inc says board of combined company will have five representatives designated by Genband and four representatives designated by Sonus.  Full Article

Sonus Networks Q2 non-GAAP loss per share $0.10
Wednesday, 26 Apr 2017 07:01am EDT 

April 26 (Reuters) - Sonus Networks Inc :Sonus Networks reports 2017 first quarter results.Sees Q2 non-GAAP loss per share $0.10.Sees FY 2017 non-GAAP earnings per share $0.26.Qtrly total revenue $53.4 million versus. $59.2 million.Sonus Networks sees first half 2017 revenue will be about $107 million, with approximately $54 million in Q2..Sonus Networks Inc - looking forward to fiscal 2017, we maintain our previously provided guidance of flat to low single digit revenue growth versus. 2016.Sonus Networks Inc - expect a GAAP loss per share of $0.25 and maintain our outlook for non-GAAP diluted earnings per share of $0.26 for fiscal 2017.FY2017 earnings per share view $0.18, revenue view $250.1 million -- Thomson Reuters I/B/E/S.Qtrly non-GAAP loss per share $0.09.Qtrly GAAP loss per share $0.22.Q1 earnings per share view $-0.13, revenue view $52.1 million -- Thomson Reuters I/B/E/S.  Full Article

Sonus Networks Q2 non-gaap earnings per share $0.08
Wednesday, 27 Jul 2016 07:01am EDT 

Sonus Networks Inc : Sonus Networks reports 2016 second quarter results . Sees q3 gaap loss per share $0.07 to $0.06; . sees FY gaap loss per share $0.22 to $0.18 . FY2016 earnings per share view $0.31, revenue view $261.4 million -- Thomson Reuters I/B/E/S . Q2 non-gaap earnings per share $0.08 . Q2 gaap loss per share $0.06 . Q2 revenue $60.9 million versus I/B/E/S view $59.7 million . Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S . Expects to record between $3 million and $4 million of restructuring expense over next twelve months . Action to result in expected annual savings of approximately $6 million to $8 million . Sees q3 total company revenue $63 million to $65 million; sees FY revenue $257 million to $263 million . Sees q3 non-gaap diluted earnings per share $0.08 to $0.09 . Sees FY non-gaap diluted earnings per share $0.35 to $0.39 .Q3 earnings per share view $0.09, revenue view $67.0 million -- Thomson Reuters I/B/E/S.  Full Article

Sonus Networks, BofA entered into second amendment to credit agreement on June 13 - SEC filing
Wednesday, 15 Jun 2016 04:49pm EDT 

Sonus Networks Inc : On June 13, 2016, co and Bank Of America entered into second amendment to credit agreement, dated June 26, 2015 - SEC filing . Amendment of credit agreement increases commitments from $15 million to $20 million . Certain terms of credit agreement have been amended by second amendment, including an extension of the maturity date to June 30, 2017 . Certain terms of credit agreement have been amended, including reduction of aggregate amount of cash and cash equivalents from $85 million to $50 million Source: (http://1.usa.gov/1S5XUG3 ) Further company coverage: [SONS.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Sonus says Mark greenquist resigned as CFO of Company
Monday, 13 Jun 2016 04:38pm EDT 

Sonus Networks Inc : Mark greenquist has resigned as chief financial officer of company, effective june 15, 2016 . Sonus networks inc says mark greenquist has resigned as chief financial officer of company, effective june 15, 2016 . Susan villare , vice president of financial planning and analysis, will fulfill duties as interim chief financial officer . Q2 earnings per share view $0.03, revenue view $59.7 million -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $0.32, revenue view $261.5 million -- Thomson Reuters I/B/E/S .Sonus announces greenquist departure and affirms q216 and fy2016 outlook.  Full Article

Sonus Networks Inc gives Q2, FY 2016 guidance
Wednesday, 27 Apr 2016 07:01am EDT 

Sonus Networks Inc:Expects Q2 2016 total company revenue of $59 million to $60 million.Expects Q2 2016 non-GAAP diluted earnings per share of $0.03 to $0.04.Expects FY 2016 total company revenue of $255 million to $265 million.Expects FY 2016 non-GAAP diluted earnings per share of $0.27 to $0.34.  Full Article

Sonus Networks Inc gives Q1, FY 2016 guidance
Tuesday, 16 Feb 2016 07:01am EST 

Sonus Networks Inc:Expects Q1 2016 total company revenue of $58 million to $59 million.Expects Q1 2016 loss per share of ($0.03) to ($0.01.Expects FY 2016 total company revenue of $255 million to $265 million.Expects FY 2016 earnings per share of $0.20 to $0.27.  Full Article

Sonus Networks gives Q3 2015 guidance; gives FY 2015 guidance; EPS guidance above analysts' estimates
Wednesday, 29 Jul 2015 07:01am EDT 

Sonus Networks:Expects Q3 2015 total company revenue to be about $65 million.Expects Q3 2015 EPS in the range of $0.05 to $0.08.Expects FY 2015 total company revenue to be in the range of $245 million to $250 million.Expects FY 2015 EPS in the range of $(0.10) to break even.Q3 2015 revenue of $64.9 million and EPS of $0.05 - Thomson Reuters I/B/E/S.FY 2015 revenue of $245.6 million and EPS of $(0.17) - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Sonus, Genband to combine

* Sonus and GENBAND to combine to create a global leader in real-time communications software solutions