MidnightTrader Earnings Play: Sonus Networks
Sonus Networks
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SONS |
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PowerRating) is due to report Q2 results after the bell tonight, and analysts polled by Thomson Financial are expecting earnings of $0.00 per share on $86 million in sales.
SONS is holding a long-term widening pattern over the last four years, crossing more aggressive next-day trade in nine of the last 14 quarters. In the near-term, the stock is maintaining the widening pattern, posting more aggressive next-day percentage trade in three of four quarters for which we have data.
On May 8, 2008, SONS advanced 4.1% in after-hours trade after reporting an unexpected Q1 profit. The stock leaped higher the next day, rising 10% by the May 9 closing bell.
On Feb. 28, 2008, SONS declined 8% in evening trade after just missing Q4 revenue expectations. The stock headed further south the following day, losing 14% by the close.
On Nov. 8, 2007, SONS edged up 0.8% in after-hours trade after topping sales expectations. It firmed 6.3% by the closing bell on Nov. 9.
On Aug, 7, 2007, the stock fell 6.1% after reporting a loss vs an expected gain. The share loss was reined in to 2% the next day.
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