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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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From: GPS Info	5/30/2013 6:32:26 PM
	of 1575

Awakened from the dead: 35% increase in three days, $2.4 to $3.23. Jefferies Upgrades Sonus Networks, Inc. (SONS) to Buy Jefferies upgraded Sonus Networks, Inc. (NASDAQ: SONS) from Hold to Buy with a price target of $3.50 (from $2.25) saying the wind is at their backs. Analyst James Kisner states, "We expect Sonus to continue to meet or exceed investor expectations in 2013 and 2014 given 1) the ongoing adoption of SIP Trunking and Hosted PBX by Enterprises, 2) the eventual adoption of VoLTE and other IP-based real-time services such as Videoconferencing by Service Providers, and 3) share gains in both Enterprise and Service Provider side." For an analyst ratings summary and ratings history on Sonus Networks, Inc. click here. For more ratings news on Sonus Networks, Inc. click here. Shares of Sonus Networks, Inc. closed at $2.57 yesterday, with a 52 week range of $1.36-$2.84.

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