TMCNet:  Stock to Watch: Sonus Networks Up 14.0% (SONS)

[February 04, 2013]

Stock to Watch: Sonus Networks Up 14.0% (SONS)

Feb 04, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Sonus Networks (NASDAQ:SONS) is one of today's best performing low-priced stocks, up 14.0% to $2.60 on 3.6x average daily volume. Sonus Networks has traded 7.9 million shares thus far today, vs. average volume of 2.2 million shares per day. The stock has outperformed the Dow (14.0% to the Dow's -0.8%) and outperformed the S&P 500 (14.0% to the S&P's -0.7%) during today's trading.

In the past 52 weeks, Sonus Networks share prices have been bracketed by a low of $1.36 and a high of $3.11 and are now at $2.60, 91% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 4.7%.

Potential upside of 23.5% exists for Sonus Networks, based on a current level of $2.60 and analysts' average consensus price target of $3.21. The stock should discover initial support at its 200-day moving average (MA) of $2.02 and subsequent support at its 50-day MA of $1.92.

Sonus Networks, Inc. provides voice infrastructure products. The Company's hardware and software enables customers to deploy an integrated, packet-based network carrying both voice and data traffic. Sonus markets and sells its products to service providers, including long distance carriers, wholesale carriers, Internet service providers, and cable operators.

SmarTrend recommended that subscribers consider buying shares of Sonus Networks on December 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.79. Since that recommendation, shares of Sonus Networks have risen 27.7%. We continue to monitor SONS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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