Sonus Networks Is a Top Stock Under $10 for 2015: David Peltier

Portfolio Manager David Peltier highlights Sonus Networks (SONS) as one of his top stocks under $10 for 2015. 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. Peltier believes the stock can trade up toward the mid-single digits in the new year.