Sonus 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.
Sonus shares maintained as a Buy at Jefferies Jefferies said Sonus' long-term story is intact and expects the company to benefit from the transition to IP-based real-time communications. Shares are Buy rated with a $25 price target.