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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Sonus Networks (SONS) in Focus: Stock Moves 5.7% Higher

Zacks Equity Research
Updated

Sonus Networks, Inc. SONS was a big mover last session, as the company saw its shares rise nearly6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $7.19 –$8.01 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Sonus Networks. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Sonus Networks, Inc. (SONS) currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

Sonus Networks, Inc. Price

Sonus Networks, Inc. Price | Sonus Networks, Inc. Quote

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Another stock worth considering in the Computer and Technology sector is Harris Corporation HRS which carries a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is SONS going up? Or down? Predict to see what others think: Up or Down

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To read this article on Zacks.com click here.