Why Sonus Networks (SONS) is Up Today

NEW YORK (TheStreet) -- Sonus Networks (SONS) was gaining 7.3% to $3.68 Thursday after the communications equipment producer posted fourth-quarter results that beat analyst expectations for revenue.

For the quarter, Sonus posted earnings of 2 cents a share, matching analysts' earnings estimates for the quarter. Revenue rose 1.5% from the year-ago quarter to $76.2 million, beating analysts' expectations of $72.72 million.

Looking to the first quarter, Sonus expects a loss of 1 cent a share, with revenue of $70 million. Analysts expect a loss of 1 cent a share and revenue of $65.10 million.

For the full-year 2014 Sonus expects earnings of 5 cents a share, and revenue of $300 million. Analysts expect earnings of 5 cents a share and revenue of $286.73 million for the year.

Must read: Interesting SONS Put Options For March 22nd

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, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."

If you liked this article you might like

Stocks Under $10 Portfolio: Earnings and Yellen in the Spotlight

Telecom's Capex Tailspin Is Leaving Few Firms Unscathed

Stocks Under $10 Portfolio: Tax-Loss Selling Weighs on Indices

Telecom Capex Tailspin Is Leaving Few Firms Unscathed

Stocks Under $10 Portfolio: Our Cash Position Provides Room to Maneuver