Sonus Stock Hits New 52-Week Low (SONS)

NEW YORK ( TheStreet) -- Sonus Networks (Nasdaq: SONS) hit a new 52-week low Tuesday as it is currently trading at $2.19, below its previous 52-week low of $2.20 with 1.1 million shares traded as of 3:06 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Sonus has a market cap of $632.2 million and is part of the technology sector and telecommunications industry. Shares are down 15% year to date as of the close of trading on Friday.

Sonus Networks, Inc. provides voice and data infrastructure solutions for wireline and wireless telephone service providers. Its products comprise softswitch and switch session border control (SBC) products.
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TheStreet Ratings rates Sonus as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Sonus Ratings Report.

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