UPDATE: Jefferies Upgrades Sonus Networks to Buy, Raises PT on Multiple Positive Factors

Loading...
Loading...
In a report published Wednesday, Jefferies analyst James Kisner upgraded the rating on
Sonus NetworksSONS
from Hold to Buy, and raised the price target from $2.25 to $3.50. In the report, Jefferies noted, “We expect Sonus to continue to meet or exceed investor expectations in 2013 and 2014 given 1) the ongoing adoption of SIP Trunking and Hosted PBX by Enterprises, 2) the eventual adoption of VoLTE and other IP-based real-time services such as Videoconferencing by Service Providers, and 3) share gains in both Enterprise and Service Provider side.” Sonus Networks closed on Tuesday at $2.57.
Market News and Data brought to you by Benzinga APIs
Posted In: Analyst ColorUpgradesAnalyst RatingsJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...