NEW YORK (TheStreet) -- Sonus Networks (SONS) was falling -5.3% to $3.79 Wednesday after issuing mixed guidances for the third and fourth quarters, and despite beating analysts' estimates for the second quarter.
For the second quarter Sonus report earnings of 2 cents a share, beating the Capital IQ Consensus Estimate of 1 cent a share by 1 cent. Revenue grew 9.2% from the year-ago quarter to $75.6million. Analysts expected revenue of $73.88 million for the quarter.
Looking to the third quarter the company expects EPS of 1 cent and revenue of $70 million to $73 million, compared to analysts' estimates of EPS of 1 cent and revenue of $74.4 million for the quarter. For the fourth quarter Sonus expects earnings 3 cents a share and revenue of $81 million to $84 million, compared to estimates of EPS of 2 cents a share and revenue of $82.15 million.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates SONUS NETWORKS INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate SONUS NETWORKS INC (SONS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing." SONS data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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