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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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From: Bill Wolf	2/29/2008 8:17:40 AM
	of 1575

Sonus Networks "neutral," target price reduced 1:52a.m. - Robert W. Baird NEW YORK, February 29 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Sonus Networks Inc (SONS), while reducing their estimates for the company. The target price has been reduced from $7 to $4. In a research note published this morning, the analysts mention that the company has posted its 4Q revenues in-line with and operating margins marginally short of the expectations. Sonus Networks has reduced its revenue growth guidance for 2008 from 25% to 20%, reflecting more difficult economic prospects and capex uncertainties. The company is likely to witness increased pricing pressures going forward, Robert W Baird adds. The EPS estimates for 2008 and 2009 have been reduced from $0.14 to $0.06 and from $0.18 to $0.10, respectively. newratings.com

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