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Sonus Networks Inc (SONS.O)

SONS.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Sonus Networks Q3 non-GAAP earnings per share $0.12
Wednesday, 26 Oct 2016 07:01am EDT 

Sonus Networks Inc : Sonus networks reports 2016 third quarter results . Q3 non-GAAP earnings per share $0.12 . Q3 GAAP loss per share $0.08 . Q3 revenue $65 million versus I/B/E/S view $64.2 million . Q3 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Sonus Networks Inc - sees FY revenue $250 million to $252 million . Sonus Networks Inc - sees FY non-GAAP diluted earnings per share $0.33 to $0.36 . Sonus Networks Inc - sees FY GAAP diluted loss per share $0.27 to $0.24 . FY 2016 earnings per share view $0.36, revenue view $262.6 million -- Thomson Reuters I/B/E/S . Sonus Networks Inc - initiated an immaterial restructuring plan in Q3 to eliminate certain redundant positions . Sonus networks - on Oct 24 approved a broader restructuring plan related to Taqua acquisition to eliminate both redundant positions and facilities . Sonus Networks Inc - recorded $0.4 million of Taqua-related restructuring expense during three months ended September 30, 2016 .Sonus Networks Inc - anticipates it will record an additional restructuring expense between $1 million and $2 million in connection with restructuring program.  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

Sonus Networks Inc lowers Q1 2015 guidance; updates FY 2015 revenue guidance
Tuesday, 24 Mar 2015 07:30am EDT 

Sonus Networks Inc:Expects Q1 2015 revenue to be in the range of $47 million to $50 million compared to previous guidance of $74 million.Expects Q1 2015 non-GAAP loss per share to be in the range of $0.29 to $0.34 compared to previous guidance of non-GAAP diluted earnings per share of $0.03.Expects FY 2015 revenue to be up to 25pct below the midpoint of its previous annual guidance of $326 million to $330 million.Q1 2015 revenue of $74 million and EPS of $0.03 - Thomson Reuters I/B/E/S.FY 2015 revenue of $325 million - Thomson Reuters I/B/E/S.  Full Article

Sonus Networks Inc raises Q1 2015 EPS outlook; reaffirms Q1 2015 revenue outlook; gives FY 2015 revenue outlook in line with analysts' estimates
Wednesday, 18 Feb 2015 07:00am EST 

Sonus Networks Inc:Now expects Q1 2015 revenue to be about $74 mln.Q1 2015 EPS $0.03.Q1 2015 revenue of $74 mln, EPS of $0.04 - Thomson Reuters I/B/E/S.Now expects FY 2015 revenue to be between $326 to $330 mln.FY 2015 EPS between $0.54 to $0.58.FY 2015 revenue of $327 mln, EPS of $0.56 - Thomson Reuters I/B/E/S.  Full Article

Sonus Networks Inc reaffirms Q4 2014 EPS outlook; updates on Q4 2014 revenue outlook; reaffirms Q1 2015 outlook; gives FY 2015 revenue outlook
Thursday, 8 Jan 2015 07:00am EST 

Sonus Networks Inc:Expects Q4 2014 revenue to be about $77 mln compared to guidance of $76 - $82 mln.Expects Q4 2014 Non-GAAP EPS to be in line with guidance at $0.03 ($0.15 on a pro-forma, split-adjusted basis.Says it remain comfortable with consensus analyst revenue and non-GAAP EPS estimates for Q1 2015 of about $74 mln and $0.01 (about $0.03 on a pro-forma, split-adjusted basis which reflects anticipated investments in the SDN business).Says it expect to deliver at least 10 pct revenue growth and 10 pct operating income margins for FY 2015.Q4 2014 revenue of $79 mln, EPS of $0.03 - Thomson Reuters I/B/E/S.Q1 2015 revenue of $74 mln, EPS of $0.01 - Thomson Reuters I/B/E/S.FY 2015 revenue of $327 mln - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Sonus acquires Taqua

* Sonus acquires Taqua, a leading supplier of IP communications systems