TMCnet News
Sonus Networks Down 7.7%, Shares Slide into the Red (SONS)Nov 07, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Sonus Networks (NASDAQ:SONS) is one of today's worst performing low-priced stocks, down 7.7% to $1.65 on 1.1x average daily volume. Sonus Networks has traded 1.3 million shares thus far today, vs. average volume of 1.2 million shares per day. The stock has underperformed the Dow (-7.8% to the Dow's -2.4%) and underperformed the S&P 500 (-7.8% to the S&P's -2.3%) during today's trading. Over the past year, Sonus Networks has traded in a range of $1.56 to $3.11 and is now at $1.65, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%. 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. Sonus Networks has overhead space with shares priced $1.65, or 54.8% below the average consensus analyst price target of $3.65. The stock should find initial resistance at its 50-day moving average (MA) of $1.91 and further resistance at its 200-day MA of $2.30. SmarTrend is tracking the current trend status for Sonus Networks and will alert subscribers who have SONS in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |