Pacific Crest Initiates Sonus Networks With Outperform

Analysts at Pacific Crest initiated coverage on shares of Sonus Networks SONS with an “outperform” rating. The target price for Sonus Networks is set to $6. Sonus shares have surged 32.055% over the past 52 weeks, while the S&P 500 index has gained 21.67% in the same period. Sonus Networks' shares gained 1.27% to $4.00 in pre-market trading.