Market Overview

Lazard Note Has Sonus Networks Rallying


Sonus Networks (NASDAQ: SONS), a network solutions provider, was upgraded this morning by Lazard analyst Ryan Hutchinson to a Buy from a Neutral rating and given a $4 price target.

In the report, Hutchinson noted that the deal between Oracle (NYSE: ORCL) and Acme Packet has lead to more focus on session border controller (SBC) products and more potential partners and customers for Sonus Networks.

This interested in SBC products is expected to provide tailwinds for SONS for the second half due to its exposure to the technology.

Following the report, Sonus Networks traded up 3.79 percent to $3.29.

Posted-In: Lazard Capital MarketsAnalyst Color News Analyst Ratings Movers Tech


Related Articles (ORCL + SONS)

View Comments and Join the Discussion!

Latest Ratings

RPAYCantor FitzgeraldMaintains18.0
CMSCredit SuisseDowngrades
PBCTStephens & Co.Maintains15.5
TTECCowen & Co.Initiates Coverage On50.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at