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March 17, 2014
11:26 EDTSONS, ORCL, AUDC, ALUSonus jumps after analyst calls ‘most underappreciated’ in tech
Shares of Sonus Networks (SONS) are climbing after research firm Jefferies wrote that the company "may be the most underappreciated story in the tech sector." Sonus develops Internet Protocol communications networks. WHAT'S NEW: After attending Sonus' Analyst Day on Thursday, Jefferies analyst James Kisner wrote that the company had "a very bullish tone" and unveiled "a barrage of positive data points." Sonus said that demand for some systems that use its products are increasing, the analyst wrote. Additionally, the company announced many impressive announcements about its customers, Kisner reported. Meanwhile, given that Sonus is taking share in a space in which Oracle (ORCL) has already made two acquisitions, while operating in a sector linked to WhatApp's business, investors are showing relatively little interest in Sonus, contended the analyst. Kisner thinks the stock can reach $10 by 2017, and he reiterated a Buy rating on the shares. OTHERS TO WATCH: Alcatel-Lucent (ALU) sells Internet Protocol routers, while AudioCodes (AUDC) provides voice over Internet equipment. PRICE ACTION: In mid-morning trading, Sonus climbed 18c, or 5%, to $3.62.
News For SONS;ORCL;AUDC;ALU From The Last 14 Days
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July 31, 2014
08:29 EDTORCLOracle acquires TOA Technologies
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07:28 EDTSONSSonus Networks pullback provides entry point, says Jefferies
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July 30, 2014
12:20 EDTSONSSonus Networks management to meet with FBR Capital
Meetings to be held in Chicago on August 5 and in Minneapolis on August 6 hosted by FBR Capital.
07:08 EDTSONSSonus Networks sees Q3 EPS 1c, consensus 1c
Sees Q3 revenue $70M-$73M, consensus $74.81M. Sees Q4 EPS 3c, revenue $81M-$84M.
07:08 EDTSONSSonus Networks sees FY14 EPS 7c, consensus 5c
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07:06 EDTSONSSonus Networks reports Q2 EPS 2c ex-items, consensus 1c
Reports Q2 revenue $75.6M, consensus $73.67M.
July 29, 2014
07:51 EDTORCLOracle extends expiration date of tender offer for MICROS to August 15
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05:25 EDTAUDCAudioCodes reports Q2 EPS 4c, consensus 5c
Reports Q2 revenue $37.6M, consensus $36.9M.
July 28, 2014
08:49 EDTORCLOracle to benefit over longer term from shift to cloud, says Pacific Crest
Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.
July 25, 2014
15:33 EDTSONSSonus Networks management to meet with Pacific Crest
Meetings to be held in Boston on July 31 and in New York on August 1 hosted by Pacific Crest.
06:35 EDTORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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