Key Developments: Sonus Networks Inc (SONS.O)
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Latest Key Developments
Sonus Networks Issues FY 2009 Guidance Above Analysts' Estimates
Sonus Networks announced that for fiscal 2009, it expects a net loss (EPS) on a GAAP basis and the Company anticipates ending fiscal 2009 profitable on a non-GAAP basis. The Company excludes from non-GAAP earnings: charges related to stock-based compensation expense, restructuring expense, and amortization of intangible assets. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $(0.03) for the same period.
Sonus Networks Selected to Build New Infrastructure for Growing IP Voice Traffic on HyperCube's Tandem Network
Sonus Networks and HyperCube, LLC, announced that HyperCube has selected Sonus Networks to build the new infrastructure that will manage the growing volume of IP voice traffic on HyperCube's network. HyperCube, LLC is deploying a full suite of Sonus' solutions, including the Sonus GSX9000 with Sonus Network Border Switch, the Sonus PSX Policy Server, the Sonus SGX and the Sonus Insight Management System.
Sonus Networks Announces Conclusion of Restructuring Activity
Sonus Networks announced a restructuring initiative to reduce its workforce by approximately 93 people, or 10% of employees worldwide. The actions related to this restructuring initiative are expected to be completed in the third quarter of 2009.
Sonus Networks Reiterates FY 2009 Revenue Outlook-Conference Call
Sonus Networks reiterated its fiscal 2009 outlook and expects revenue to be substantially lower than the revenue it realized in fiscal 2008. According to Reuters Estimates, analysts were expecting the Company to report revenues of $207 million for the same period.
KDDI Global Chooses Sonus Networks for Migration to Next Generation Network to Drive Business Expansion
Sonus Networks announced that KDDI Global, part of KDDI Corporation a global tier 1 telecommunications wholesale carrier, is using a Sonus IP-based network to support the expansion of its business into the US, EMEA and across ASIA.
NextGen To Offer Sonus Networks' Solutions To Carriers Across Japan
Sonus Networks announced that it has entered into a distributor agreement with NextGen, Inc., to offer and support the full portfolio of Sonus Networks' carrier-grade IP communications solutions to the Japanese market. The relationship has already proven successful with a Japanese carrier choosing NextGen to undertake the nationwide deployment of its IP trunking and switching network. Using a Sonus IMS-based next generation network, this deployment will include the Sonus GSX 9000 media gateway, the Sonus PSX centralized routing and policy management server and the Sonus SGX signaling gateway.
AGNITY To Supply Generation Applications On Sonus Networks IMX Multimedia Application Platform
AGNITY announced that it has signed an agreement for Sonus Networks, Inc. to offer the ACONYX suite of applications for new and existing Sonus networks infrastructure implementations. Sonus will also work with AGNITY to deliver custom applications on the Sonus IMX Multimedia Application Platform. Under this agreement, Sonus will initially offer AGNITY's ACONYX Pre-paid and Post-paid products and leverage its integration expertise in order to seamlessly deploy IP converged applications on Sonus' IMX platform.
CITIC 1616 Selects Sonus Networks For Network Transformation
Sonus Networks announced that CITIC 1616 has chosen Sonus to transform its network with next generation IP technology. The new IP based network will enable greater capacity and efficiency leveraging the platform's centralized routing, diverse media support and secure border control for cost effective IP peering. Sonus Networks Global Services team will design and deliver a network to support the CITIC 1616 network's expanding base of over 350 telecom network operators in 60 locations worldwide. The project will provide seamless migration to a SIP core and manage the legacy ISUP connections while supporting the multitude of international standards currently in use by CITIC 1616's diverse customer base.
IntelePeer, Inc. Expands Voice Network With Sonus Networks
Sonus Networks announced that IntelePeer, Inc. has expanded its Sonus based network to accommodate the growth of IP voice traffic. The expansion provides a significant increase in IP capacity across IntelePeer's network nodes, doubling the number of sessions available for IP traffic. To support their growth, IntelePeer has chosen the Sonus Network Border Switch as a standalone session border control (SBC) solution, for secure IP-peering, session control and media management.
Sonus Networks Comments On FY 2009 Revenue Outlook-Conference Call
Sonus Networks announced that it expect revenue for fiscal 2009 to be substantially lower than the revenue realized in fiscal 2008. The Company reported revenue of $313.15 million in fiscal 2008. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $225 million for fiscal 2009.
UPDATE 1-Sonus Networks posts surprise Q2 profit, shares rise
July 30 (Reuters) - Telecommunications-gear maker Sonus Networks Inc posted a surprise second-quarter profit on cost control measures, sending its shares up as much as 16 percent.
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