Sonus Networks Beats on the Top Line
Sonus Networks (NAS: SONS) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Sonus Networks beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share shrank.
Margins increased across the board.
Sonus Networks reported revenue of $64.3 million. The six analysts polled by S&P Capital IQ wanted to see sales of $58.6 million on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $67.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The five earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.02 for Q1 versus -$0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.9%, 2,530 basis points better than the prior-year quarter. Operating margin was -9.6%, 750 basis points better than the prior-year quarter. Net margin was -10.0%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $63.8 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $273.2 million. The average EPS estimate is $0.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 374 members out of 397 rating the stock outperform, and 23 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Sonus Networks a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sonus Networks is hold, with an average price target of $3.05.
Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does Sonus Networks fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Sonus Networks to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.