Key Developments: Sonus Networks Inc (SONS.OQ)

SONS.OQ on NASDAQ Stock Exchange Global Select Market

4.00USD
24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Sonus Networks Inc Issue Q4 2013 Guidance In Line With Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Updates FY 2013 EPS Guidance
Tuesday, 29 Oct 2013 04:01pm EDT 

Sonus Networks Inc announced that for fourth quarter of 2013, it expects total revenue to be in the range of $70 to $75 million and diluted earnings per share (EPS) to be $0.02. For fiscal 2013, it expects total revenue to be in the range of $270 to $275 million and diluted EPS to be $0.02. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $74 million and EPS of $0.02 for the fourth quarter of 2013; revenue of $275 million and EPS of $0.02 for fiscal 2013.  Full Article

Sonus Networks Inc Announces Privately-Negotiated Share Repurchase
Monday, 26 Aug 2013 07:00am EDT 

Sonus Networks Inc announced that as part of the previously announced stock buyback program, it has agreed to repurchase approximately 3.1 million shares of the Company’s common stock in a privately negotiated transaction with Empire Capital Management, L.L.C. (Empire) at $3.50 per share, the market closing price on August 23, 2013, for a total purchase price of approximately $11 million. The Company will pay for the share repurchase using cash on hand. Prior to the transaction, as reflected in filings made by Empire with the Securities and Exchange Commission, Empire owned 30.5 million shares, or approximately 11%, of the Company’s outstanding common stock. Following the transaction, Empire will own 27.4 million shares, or approximately 10%, of the Company’s outstanding common stock. The Company announced on July 29, 2013 that the Board of Directors had authorized a stock buyback program to repurchase up to $100 million of the Company’s common stock from time to time on the open market or in privately negotiated transactions. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors.  Full Article

Sonus Networks Inc's CFO Plans To Leave-Form 8-K
Monday, 29 Jul 2013 04:13pm EDT 

Sonus Networks Inc reported in its Form 8-K that on July 29, 2013, the Company announced that Maurice L. Castonguay, Senior Vice President and Chief Financial Officer (CFO), plans to leave the Company. To facilitate an orderly transition of his duties and responsibilities, Mr. Castonguay and the Company entered into a letter agreement on July 26, 2013 pursuant to which Mr. Castonguay agreed to remain with the Company through March 31, 2014.  Full Article

Sonus Networks Inc Issues Q3 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Guidance
Monday, 29 Jul 2013 04:05pm EDT 

Sonus Networks Inc announced that for third quarter of 2013, it expects total revenue to be in the range of $68 - $72 million and basic earnings per share (EPS) is $0.01. For fiscal 2013, it raises and expects total revenue to be in the range of $274 - $278 million and EPS into be in the range $0.01 to $0.02 . According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $66 million and EPS of $0.01 for the third quarter of 2013; revenue of $269 million and EPS of breakeven for fiscal 2013.  Full Article

Sonus Networks Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance
Tuesday, 30 Apr 2013 04:01pm EDT 

Sonus Networks Inc announced that for second quarter of 2013, it expects total revenue to be in the range of $66-$68 million and basic earnings per share (EPS) in the range of $(0.01) to breakeven. For fiscal 2013, it expects total revenue to be in the range of $267-$271 million and EPS in the range of breakeven to $0.01. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $65 million and EPS of breakeven for the second quarter of 2013; revenue of $269 million and EPS of breakeven for fiscal 2013.  Full Article

Sonus Networks Inc Issues Q1 2013 Guidance In Line With Analysts' Estimates; Issues FY 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Thursday, 28 Feb 2013 04:00pm EST 

Sonus Networks Inc announced that for the first quarter of 2013, it expects total revenue to be between $60 to $62 million and basic EPS of $(0.03). For fiscal 2013 it expects total revenue to be between $267 to $271 million and Diluted EPS of $0.00 to $0.01. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $61 million and EPS of $(0.03) for the first quarter of 2013; revenue of $262 million and EPS of $(0.01) for fiscal 2013.  Full Article

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