Market Overview

UPDATE: Pacific Crest Initiates Coverage On Sonus Networks

Related SONS
12 Biggest Mid-Day Losers For Thursday
Benzinga's Top Downgrades

Pacific Crest released a note Monday in which analyst Ryan Hutchinson initiated coverage on Sonus Networks (NASDAQ: SONS) with an Outperform rating and a $6 price target.

Hutchinson says there may be as much as 50 percent upside to Sonus Networks as the company has successfully transitioned to an all-IP infrastructure vendor. He added that Sonus is likely to see double-digit revenue growth in 2014 and should capture a meaningful share of a rapidly growing market.

Shares of Sonus Networks are up over three percent in Monday's pre-market.

Latest Ratings for SONS

Sep 2016Cowen & Co.DowngradesMarket PerformUnderperform
Jul 2016B. RileyDowngradesBuyNeutral
Jul 2016DA DavidsonInitiates Coverage onBuy

View More Analyst Ratings for SONS
View the Latest Analyst Ratings

Posted-In: Pacific Crest Ryan HutchinsonAnalyst Color Price Target Initiation Analyst Ratings


Related Articles (SONS)

View Comments and Join the Discussion!