Sonus Networks Shares Up 4% Following Analyst Comments
Earlier Tuesday, FBR analyst Scott Thompson commented on Sonus Networks (NASDAQ: SONS), saying the company's SBC revenues may grow 65 percent from 2013 levels by 2015 with consolidated margins possibly reaching 67 to 70 percent.
Additionally, Thompson said if DSC margins are similar to SBC, the company's shares could trade in the $8-10 range by 2016.
Thompson currently rates Sonus as Outperform with a $4 price target.
Shares of Sonus are up 4.46 percent at $3.75.
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