Key Developments: Sonus Networks Inc (SONS.O)
2.41USD
22 May 2013
$-0.13 (-5.12%)
$2.54
$2.54
$2.56
$2.38
2,007,700
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Latest Key Developments (Source: Significant Developments)
Sonus Networks Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Guidance
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
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
Sonus Networks Inc Lowers Q4, FY 2012 Guidance
Sonus Networks Inc announced that for the fourth quarter of 2012, it expects total revenue of $77-$81 million and diluted earnings per share (EPS) of $0.00 to $0.01. For fiscal 2012, it expects total revenue of approximately $256-$260 million and loss per share to be $(0.06) to $(0.07). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $94 million and EPS of $0.03 for fourth quarter of 2012; revenue of $273 million for fiscal 2012. Full Article
Sonus Networks Inc Completes Acquisition Of Network Equipment Technologies, Inc
Sonus Networks Inc announced the successful completion of its acquisition of Network Equipment Technologies, Inc. (NET). Full Article
Sonus Networks Issues Q3 2012 Guidance Below Analysts' Estimates; Issues Q4 2012 Guidance Above Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
Sonus Networks announced that for the third quarter of 2012, it expects total revenue of $51-$53 million and loss per share of $(0.03). For the fourth quarter of 2012, it expects total revenue of $84-$86 million and diluted earnings per share (EPS) of $0.04, For fiscal 2012, it expects total revenue of approximately $257-$261 million and loss per share of $(0.04). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $69 million and EPS of $(0.01) for the third quarter of 2012; revenue of $82 million and EPS of $0.02 for the fourth quarter of 2012; EPS of $(0.04) for fiscal 2012. Full Article
Sonus Networks Announces Definitive Agreement To Acquire Network Equipment Technologies Inc.
Sonus Networks and Network Equipment Technologies, Inc. announced that they have entered into a definitive agreement for Sonus to acquire NET in a cash merger. The purchase price of $1.35 per share is valued at approximately $42 million, excluding acquisition-related costs, and is expected to close in the third quarter of 2012. The intended acquisition has been approved by the Board of Directors of both companies. Full Article
Sonus Networks Issues Q2 2012 Guidance; Reaffirms FY 2012 Guidance
Sonus Networks announced that for the second quarter of 2012, it provides outlook on a non-GAAP basis, total revenue of $57 million to $59 million, and loss per share of $0.03. the Company reiterated non-GAAP basis fiscal 2012 guidance and expects total revenue of $270 million to $280 million and Loss per share of $0.01 to $0.02. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $605 million and EPS of $0.54 for the second quarter of 2012; revenue of $2.503 billion and EPS of $2.28 for fiscal 2012. Full Article
PrimeTel Selects Sonus Networks For New VoIP Platform
Sonus Networks announced that PrimeTel PLC has selected Sonus to provide its end-to-end VoIP network solution. PrimeTel is the alternative service provider in Cyprus, with triple and quad-play services aimed at businesses and high-usage residential subscribers. Full Article
inetwork Selects Sonus Networks For Session Border Controller Platform
Sonus Networks announced that inetwork, a division of Bandwidth and a scalable voice, SMS and 9-1-1 solutions, selected the Sonus Networks Session Border Controller 5200 (SBC 5200) as its session border controller (SBC) platform to enhance its nationwide network. The multimillion-dollar contract awarded to Sonus Networks will involve the deployment of Sonus SBC 5200s in more than a dozen U.S. markets and give inetwork an enhanced, scalable platform to support its communications service provider customers. Full Article
Sonus Networks Issues Q1 2012 Guidance Below Analysts' Estimates; Issues FY 2012 Guidance; EPS Guidance Below Analysts' Estimates
Sonus Networks announced that for the first quarter of 2012, it expects total revenue of $57 million to $59 million, loss per share between $0.02 and $0.03. For fiscal 2012, it expects total revenue of $270 million to $280 million and loss per share of $0.01 to $0.02. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $60 million and EPS of $(0.01) for the first quarter of 2012; revenues of $271 million and EPS of $0.01 for fiscal 2012. Full Article
Earnings vs. 
Estimates
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