Sonus Networks Earnings: Here’s Why the Stock is Rising Now

Sonus Networks, Inc. (NASDAQ:SONS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.14%.

Sonus Networks, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.01 in the quarter versus EPS of $-0.03 in the year-earlier quarter.

Revenue: Rose 20.12% to $69.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Sonus Networks, Inc. reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $67.05 million.

Quoting Management: “There is a strong foundation in place at Sonus and the time is right for me to explore my next challenge,” said Mr. Castonguay. “I look forward to continuing in my role until my successor is named and I am committed to working closely with Ray and the Board to help identify a new CFO and ensure a smooth transition.”

Key Stats (on next page)…

Revenue increased 9.34% from $63.29 million in the previous quarter. EPS increased to $0.01 in the quarter versus EPS of $-0.02 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.01 and has not changed. For the current year, the average estimate is a loss of $0, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)