SONS Message Board - Msg: 23092492

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Cooters	12/11/2006 7:22:49 PM
	Read Replies (1) of 1575

New upgrades(price and revs) today from RJ and Citi. Sorry I am headed out for Rams beating and cannot discuss. Here's the quick preview of Citi from this evening. SUMMARY ? We're raising '08 ests and raising our price target on SONS to $9 from $7.10. We believe service provider networks are 6 yrs into a 20-year VoIP cycle. ? Besides being a market share leader today, we believe Sonus is the technology and strategic vision leader in the industry. The company has the #1 market share in 2006 in high density media gateways and has significant penetration with 7 of the top 20 global service providers. ? For long-term investors in next-generation telecom equipment, we believe exposure to SONS is mandatory as the company's addressable market opportunity ramps from about $3 billion today to nearly $10 billion by 2010. ? In the current quarter (4Q) we believe orders will be up over 10% Q-Q but we expect reported revenues to decline by about 10% due to the spike in reported revs in 3Q. We are modeling the 4Q B-B at 1.0. We think revenue recognition remains the most difficult near-term issue for this attractive long-term story.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next