Pacific Crest Initiates Sonus Networks With Outperform

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Analysts at Pacific Crest initiated coverage on shares of Sonus Networks (NASDAQ: 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.

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