Jefferies & Company Lowers Sonus Networks Estimates

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For 2010, Jefferies & Company is reducing its Sonus Networks, Inc. (NASDAQ: SONS) revenue and EPS estimates from $239 million and $(0.03) to $229.4 million and $(0.09).“Looking at 2011, our sales assumption declines from $261.5 million to $251.5 million,” Jefferies & Company writes. “As stated above, we're incrementally more concerned about the amount of NBS 5200 revenue that Sonus could recognize in 2011 – as such, we've reduced our sales estimate by $10 million.”On the bottom line, Jefferies & Company said that its EPS estimate remains $(0.05) given slightly higher margin assumptions for the core business.Sonus Networks currently trades at $3.20.

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