Sonus Networks (SONS:Nasdaq) is one of our top Stocks Under $10
for 2015. The telecom equipment-maker has gained about 15% so
far in 2014 and recently changed hands around $3.62.
New products are driving sales and margin gains and the company
is also expanding its presence overseas. Sonus is gaining market
share as phone carriers are having to upgrade networks in order
to meet customer demand for more and faster access to data.
The company has a solid balance sheet and we believe that
management can continue to deliver above-average growth in 2015.
The consensus analyst estimates call for Sonus to grow earnings
by 60% next year after tripling in 2014.
As management continues to deliver consistent growth in the
coming quarters, we believe the stock can move up toward the
mid-single digits in the New Year.
David Peltier & the TheStreet Research Team
We believe Whiting's acquisition makes strategic sense for both companies and we have updated our model portfolio.
We don't want to be greedy with ON Semiconductor.
We did not make any trades in the model portfolio this week, but will consider adding to some of our One-rated names on the next market pullback.
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