Sonus Networks, Inc. (NASDAQ:SONS) will unveil its latest earnings on Tuesday, August 2, 2011. Sonus Networks, Inc is a provider of voice infrastructure solutions for wireline and wireless service providers.
Sonus Networks, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of one cent per share after the company broke even in the year earlier quarter. During the past three months, the average estimate has moved up from breaking even.
Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported a loss of 4 cents per share against a mean estimate of one cent. Two quarters ago, it beat expectations by 5 cents with profit of 4 cents.
Wall St. Revenue Expectations: On average, analysts predict $65.8 million in revenue this quarter, a rise of 7.6% from the year ago quarter. Analysts are forecasting total revenue of $274.9 million for the year, a rise of 10.3% from last year’s revenue of $249.3 million.
Analyst Ratings: Analysts seem relatively indifferent about Sonus Networks with four of four analysts surveyed maintaining a hold rating.
The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased 7.8% to $67.3 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 20.8%.
Competitors to Watch: Alcatel-Lucent (NYSE:ALU), Cisco Systems, Inc. (NASDAQ:CSCO), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), TEKELEC (NASDAQ:TKLC), Tellabs, Inc. (NASDAQ:TLAB), Ditech Networks Inc. (NASDAQ:DITC), Symmetricom, Inc. (NASDAQ:SYMM), Sycamore Networks, Inc. (NASDAQ:SCMR), Performance Technologies (NASDAQ:PTIX), and Juniper Networks, Inc. (NYSE:JNPR).
Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen 76 cents (-20.2%) from $3.77 to $3.01. It saw one of its worst periods between January 14, 2011 and January 25, 2011 when shares fell for seven-straight days, falling 11.4% (-36 cents) over that span. The stock price saw one of its best stretches over the last year between August 26, 2010 and September 3, 2010 when shares rose for seven-straight days, rising 19.9% (+56 cents) over that span. Shares are up 34 cents (+12.7%) year to date.
(Source: Xignite Financials)