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Stock Market & Financial Investment News

News Breaks
May 20, 2014
08:00 EDTSONSSonus Networks shares can double or triple, says Jefferies
Jefferies says it continues to believe shares of Sonus Networks can double or even triple over the next several years. The firm says the company's CEO was "very bullish" in recent meetings with investors. Jefferies believes Sonus will implement a reverse stock split, which it thinks would be a positive catalyst for shares. It has a Buy rating on Sonus with a $5 price target.
News For SONS From The Last 14 Days
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April 9, 2015
09:04 EDTSONSMitel appoints Wes Durow as Chief Marketing Officer
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April 8, 2015
16:07 EDTSONSSonus discloses purported shareholder class action lawsuit
Sonus Networks announced that a purported shareholder class action was filed against it and two of its officers in the United States District Court for the District of New Jersey. The plaintiff claims to represent purchasers of Sonusí common stock during the period from October 23, 2014 to March 24, 2015 and seeks unspecified damages. The principal allegation contained in the Complaint is the claim that the defendants purportedly made misleading forward-looking statements concerning Sonusí Q1 financial performance. Sonus believes that it and the individual defendants have meritorious defenses to the allegations made in the Complaint and intends to contest the lawsuit vigorously.

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