Sonus Networks vor Quartalszahlen - Prognosen werden übertroffen - 500 Beiträge pro Seite

[Felicia]

Hallo,

SONUS NETWORKS
geben heute abend ihre Q2 Ergebniss heraus.

--------------------------------------------------------------------------------------------------------------------
SONUS NETWORKS’ CONFERENCE CALL FOR Q2 FY2001 FINANCIAL RESULTS
WESTFORD, Mass., June 29, 2001 – Sonus Networks (Nasdaq: SONS) has scheduled a conference call for Wednesday, July 11, 2001, at 4:45 pm EDT to announce its Q2 FY2001 financial results. Financial results are expected to be issued after the close of the market on Wednesday, July 11, 2001.
Date: Wednesday, July 11, 2001
Time: 4:45 pm EDT
To listen via the Internet:
Sonus will host a live webcast of the conference call. To access the webcast, visit www.sonusnet.com, Corporate, Investor Relations.
Dial-in number: [phone]
Passcode: SONUS


Prognostiziert waren 0,00 $, erwartet werden +0,02$.

Gegen den Trend konnte SONS gestern zulegen:
+SONS 04:14 PM 17.46 +0.14 +0.80% 8,135,400

Mit Kurssteigerungen ist zu rechen.Die Aktie ist überverkauft, in Erwartung der guten Zahlen ist der Kurs bereits angesprungen.

Bisherige Meldungen:
http://www.sonusnet.com/News/press.cfm?id=1&looking=Press%20…

[Felicia]

Bid: 20€ ASK: 21€

[Felicia]

Time & Sales: SONUS NETWORKS
Nr Datum Zeit Kurs PC Vol Summe Kurs-Ø Geld - Brief
95109740 11JUL 09:51 20.30 -Tax 20.00-21.00

[Felicia]

Goldman Sachs: REALLOCATION TO NEXT-GEN SYSTEMS CONTINUES.

Although overall capex dollars are declining, we believe there is a shift underway toward more cost-effective next-generation solutions. As carriers push to drive down capital and operating costs and increase service velocity, next-gen solutions become increasingly attractive. Product segments that are likely to benefit from this reallocation to next-gen products include optical switching, high channel count 10G long-haul DWDM, metro DWDM, next-gen SONET, IP infrastructure and packet telephony switches.

We believe the next-gen product markets will continue to exhibit growth despite the decline in overall capex, and that investors should focus on companies that are leaders in one or more of these markets, such as Ciena, ONI Systems and Sonus.

* NO BIG SURPRISES EXPECTED THIS EARNINGS SEASON. We believe that there will be few major surprises during the Q2 earnings season due to the large number of recent guidance revisionsresults in-line with the pre-announcements.

Furthermore we continue to expect strong results and an upbeat outlook from ONIS,CIEN and SONS, who continue to buck the negative trend.

[Felicia]

Salvation with Sonus?
July, 10 11:23 AM EST
by Dave Young & Brian Kessens back

Locating "tornado" markets capable of growing in triple digits for the next three to five years is a daunting task at the moment. The uncertainty of spending habits by businesses and uncertainty of research firms and analyst growth projections makes projecting forward market sizes extremely difficult. One industry poised for rapid growth, voice over internet protocol (VoIP), may just survive the current weak environment and come out with a head of steam. Sonus Networks (Nasdaq:SONS), with commitments from Qwest and AOL Time Warner among others, holds a strong lead in the market for soft switches enabling the VoIP build out. Additionally, the firm recently announced that five new partners joined its Open Services partner Alliance. The firm reported revenues that grew 45% sequentially last quarter from the previous quarter, and the balance sheet indicated a flow ratio of 0.70. Analysts expect to the market in which Sonus operates to reach $6.7B by 2005. If Sonus can create high switching costs and barriers to entry, it should be able to generate sales growth well in excess of the industry’s growth rate.

Analysts expect the firm to report break-even results on a per share basis on Wednesday, but any upside surprise to the estimates could launch the stock. Sonus surprised to the upside the previous two quarters and the firm contends that spending on the VoIP build out is stronger than some may think. If Sonus can surprise the market, investors could pile on quickly as the market can still get overly enthusiastic about strong results, especially in this negative environment. In fact, investors seem to be begging for positive news. With 10% of the float sold short, strong results could pop this baby back from $17 and change towards the $30 level it was at only a month ago.

[Felicia]

BID auf 20,51€ gestiegen. 1% über Ami-Land

Time & Sales: SONUS NETWORKS
Nr Datum Zeit Kurs PC Vol Summe Kurs-Ø Geld - Brief
123422220 11JUL 12:34 20.50 b 15 308 20.41 20.21-20.80
122810230 11JUL 12:28 20.30 b 35 711 20.41 20.21-20.80
120701560 11JUL 12:07 20.30 b 50 1015 20.42 20.21-20.80
104947300 11JUL 10:49 20.30 b 43 873 20.44 19.80-20.80
102521580 11JUL 10:25 20.30 b 250 5075 20.45 19.80-20.80
100856220 11JUL 10:08 20.80 b 20 416 20.88 19.80-20.80
100722110 11JUL 10:07 20.90 b 70 1463 20.90 19.80-20.90
95109740 11JUL 09:51 20.30 -T 20.00-21.00

[scarface6]

HAST DU NE PANNE???

DAS DU JEDE % STEIGERUNG SCHREIBST????

DIE ZAHLEN WERDEN SCHLECHT SEIN!

KLARES STRONG SELL!

ZIEL 10$!

[Felicia]

Institutional Holdings Summary Next Ticker: 7/11/2001
Sonus Networks, Inc.: SONS


Institutional Holdings Summary For: SONS
Latest Quarter Previous Quarter 2 Quarters Ago 3 Quarters Ago
% Inst Owned: 50.3% 32.0% 10.2% 7.4%
Shrs Bought: 44,276,612 46,326,760 8,455,407
Shrs Sold: 7,023,438 2,111,551 2,816,397
Net Bought(Sold) 37,253,174 44,215,209 5,639,010
# Inst Owning: 144 104 66 51
# Buyers: 113 79 49
# Seller: 39 29 27
Net Buyers(Sellers): 74 50 22

[Felicia]

[Felicia]

Sonus, in reversal, reports a profit
Second-quarter earnings beats estimate by a penny
By Deborah Adamson, CBS.MarketWatch.com
Last Update: 4:54 PM ET July 11, 2001




WESTFORD, Mass. (CBS.MW) - Sonus Networks on Wednesday reported a profit for the second quarter, reversing last year`s loss, in spite of the economic downturn as carriers turned to technologies that let them offer new revenue-generating services.





The maker of hardware and software used in voice and data networks (SONS: news, msgs, alerts) also announced that it has snagged BellSouth (BLS: news, msgs, alerts) as a new client.

Shares of Sonus rose by 12 percent after hours to $21.18. The stock gained 8.4 percent to $18.93 during the regular session.

The Westford, Mass.-based company recorded a profit of $1.2 million for the second quarter, equivalent to a penny a share, excluding stock-based compensation, goodwill amortization and in-process research and development charges. Analysts polled by First Call/Thomson Financial expected a break-even per-share results.

Revenue rose by 27 percent to $52.6 million, from $41.5 million.

Last year, Sonus reported a loss of $9 million, or 7 cents a share, also excluding the same charges.

Including all the charges, Sonus had a net loss of $51.4 million, or 30 cents a share, in the second quarter. That compared with a net loss of $82.5 million, or 51 cents, in the like period a year ago.

[St.Benedikt]

@Felicia: Danke für den Tip.

[tetrahydrocannabinol]

@Felicia

danke für den "kleinen Hinweis"!

30% sind nich schlecht!!

THC

[Felicia]

Your`re welcome!

[Felicia]

BroadSoft One of First Companies to Achieve Platinum Status in Sonus Networks` Open Services Partner Alliance
TUESDAY, JULY 17, 2001 9:03 AM
- BusinessWire

WESTFORD, Mass. and GAITHERSBURG, Md., Jul 17, 2001 (BUSINESS WIRE) -- Sonus Networks (Nasdaq:SONS), a leading provider of voice infrastructure solutions for the new public network, and BroadSoft, Inc., the leading provider of carrier-class service delivery systems for packet-based enhanced telephony services, announced today that BroadSoft has attained Platinum Partner standing in Sonus` Open Services Partner Alliance(TM) (OSPA).

BroadSoft is one of the first companies to meet all of the criteria to become a Sonus Platinum partner. To attain Platinum status, companies must have products and applications complementary to Sonus` product family and achieve Powered status by successfully completing interoperability testing in the OSPA Interoperability Lab. Most importantly, Sonus Platinum partners` solutions must be deployed in a live service provider network together with a Sonus product. Exario Networks, a leading provider of outsourced IP services based in Parsippany, New Jersey, has implemented the Sonus/BroadSoft solution to deliver converged voice and data private IP solutions to its enterprise customers.

By deploying Sonus` voice infrastructure solutions, including the GSX9000(TM) Open Services Switch and the PSX6000(TM) SoftSwitch and the BroadSoft BroadWorks(TM) service delivery system to augment its existing Class 4 IP tandem nationwide network, Exario has expanded its voice offerings to the enterprise market to provide an enhanced suite of advanced IP network solutions. Exario has also integrated an extensive set of web-enabled enhanced telephony services into its proprietary web-based network management platform, the Exario virtualNOC, including conferencing, call forwarding, voice mail, follow-me-anywhere calling, and auto attendant.

"Leveraging the power of the easy-to-use, flexible BroadWorks service delivery system coupled with the unparalleled quality of Sonus` voice infrastructure products, allows us to differentiate our service offerings and stay ahead of the competition," said Tom Mizzone, CEO of Exario Networks. "The real value of this partnership is that it creates one of the most comprehensive suites of converged services available today and gives Exario`s customers more choices in the services they buy, provision and manage. We view our relationship with these two companies as a key component of our next-generation network strategy."

Sonus provides a complete packet voice solution that has been designed to carrier standards, delivering toll-quality voice, system redundancy, and the capacity to handle extremely large call volumes. Additionally, Sonus` award-winning voice infrastructure solutions offer a single platform that allows carriers to deliver a range of communications services including traditional long distance and local voice services, wholesale voice services, and enhanced services, such as unified communications, presence management, enhanced voicemail, voice portals and many others.

BroadSoft`s flagship product, BroadWorks, is the industry`s first comprehensive enhanced service delivery system for packet-based business services. BroadWorks enables service providers to rapidly enter new markets and immediately generate new revenues with easy-to-use, differentiated local exchange services over packet-based networks as well as the traditional public switched telephone network (PSTN). BroadWorks includes a rich set of business options such as call waiting, voicemail, conferencing, auto-attendant and follow-me-anywhere services, and can interoperate with other network elements and business applications for a comprehensive set of integrated services without lengthy and expensive proprietary development. By installing BroadSoft`s BroadWorks service delivery system in conjunction with Sonus solutions, carrier customers gain unprecedented flexibility and lower costs as they strive to offer innovative, customized, enhanced services to their business customers.

"We are pleased that BroadSoft has met our Platinum Partner requirements and we are excited that our combined solution is operating today in Exario`s revenue-generating network," said Terri Griffin, vice president of marketing programs at Sonus Networks. "Attaining interoperability with leading vendors such as BroadSoft is fundamental to the proliferation of next-generation voice solutions."

"BroadSoft is proud to be one of the first Sonus Powered companies to attain Platinum Partner status," said Scott Wharton, vice president of marketing for BroadSoft. "By making BroadWorks fully interoperable with Sonus` industry-leading packet voice solutions, our companies are bringing a tremendous market advantage to carriers through superior technology solutions and service differentiation."

BroadSoft first attained Sonus Powered status in August 2000, after BroadSoft submitted its service delivery and call routing system to Sonus` Interoperability Laboratory, where interoperability with Sonus` equipment was demonstrated through a series of tests. In order to attain Sonus` Platinum Partner status, BroadSoft had to fulfill a number of key requirements including: being commercially deployed in a carrier`s network interoperating with Sonus products; proving carrier-class reliability and scalability; possessing resources to support 24x7 technical support; and offering sales, marketing, and technical resources to support large carrier deployments.

About BroadSoft
BroadSoft, Inc., is the leading provider of service delivery systems for next-generation telephony services. BroadWorks, the company`s flagship product, allows service providers to rapidly and economically design and deploy web-enabled enhanced telephony services to their customers. BroadSoft has received extensive industry recognition including recognition as a "Hot Start-Up" by America`s Network and Telecommunications magazines, two of the leading telecommunications industry publications. BroadWorks was also recognized as Product of the Year by Communications Solutions magazine. BroadSoft is located near Washington, DC, in Gaithersburg, Maryland, and also maintains a research and development facility in Montreal, Canada. Additional information can be found at www.broadsoft.com.

About Sonus Networks
Sonus Networks, Inc. is a leading provider of voice infrastructure products for the new public network. Sonus` solutions enable service providers to deploy an integrated network capable of carrying both voice and data traffic, and to deliver a range of innovative, new services. The Sonus Open Services Architecture (OSA) and award-winning Packet Telephony suite cut the time-to-market for competitive new service products, allowing carriers and third-party developers to expand market share and build important new revenue streams. Its highly scalable products fully interoperate with and extend the life and utility of today`s public network. Sonus embodies in its management and staff decades of experience in developing carrier-class voice, data and multimedia solutions for implementation in the world`s largest networks. Sonus, founded in 1997, is headquartered in Westford, Massachusetts. Additional information on Sonus is available at http://www.sonusnet.com.

[Felicia]

MORGAN STANLEY DEAN WITTER
Company Profile – July 13, 2001
Please refer to important disclosures at the end of this report.
Page 1
Outperform-V
Sonus Networks (SONS) Christopher Stix (Boston)/Michael Lynch (New York) – July 13, 2001
Price
52-Week
Range Div Yld
Shs Out
(MM)
EPS
2000A
EPS
2001E P/E
EPS
2002E P/E
L-T Est
EPS Grth
$23 $94–12 -- -- 215.0 $(0.17) $0.03 NM $0.11 205.5 50%
Price Target: $35 Market Cap: $4.9B
NM = not meaningful.
Company Description
Sonus Networks is a developer of voice-over-packet
infrastructure products that carriers use to convert circuit-switched
traffic to voice-over-packet traffic. Its equipment
enables carriers to generate higher-revenue services, with
lower operating costs, through the flexibility offered by
packet network technology.
Valuation
We rate SONS Outperform-V. Our residual income model
assumes decelerating growth through 2011. After 2011, we
assume a 4.5% long-term residual income growth rate to
generate a terminal value. Assuming a 9.5% cost of capital,
we arrive at an absolute valuation price target of $35. We
believe Sonus is the early leader in what we think could
prove to be the largest and most rapidly evolving segment of
the communications equipment market (voice-over-packet
infrastructure). Combined with its leading management team
and technical talent pool, we view Sonus as a core holding
for an emerging market communications equipment
portfolio.
Key Investment Positives
• First-mover advantage in emerging market. We believe
Sonus has created the brand name to watch in the emerging
packet voice infrastructure network. Software engineering
and development time to market is a barrier to entry into this
market, in our view.
• Open architecture. The Sonus solution interoperates with
legacy circuit-switched networks. We think a Sonus-enabled
network gives the carrier a faster time to market and
management of services compared with relying on equipment
vendors to add services to legacy Class 4/5 switches. Sonus
exceeded estimates in the second quarter; we believe its
ability to buck the carrier spending trends that other
equipment providers have fallen victim to confirms our belief
that Sonus is making equipment that offers significant value
to carrier customers.
• Large addressable market. We expect Sonus’s
addressable market to grow to around $12 billion by 2004.
• Best-in-class engineering and management teams. We
have known members of the management and technical team
for several years and have seen them consistently out-maneuver
established competitors.
• Strong growth outlook. We think Sonus is likely to be one
of the fastest-growing companies in our coverage universe in
the next few years.
• Gross margins. Sonus achieved gross margin of 57.8% in
the second quarter, and the company targets long-term gross
margins of 58–62%. We assume gross margin is sustainable
because of the high software content of its products and long-term
upsell opportunities presented by the architecture.
Key Investment Risks
• Customer concentration. In every quarter since the
company’s inception, there has been a small number of
customers providing the bulk of revenues, which raised risk
for investors. In the second quarter, three customers
collectively accounted for 70–80% of total revenue.
• A pause prior to carrier Class-5 replacement. We think
one challenge Sonus faces is that many of the regional Bell
operating companies (RBOCs), public telephone operators
(PTOs – international), and inter-exchange carriers (IXCs)
may be unprepared to implement Sonus’s advanced
technology in the near term. We believe wide-scale Class-5
replacement will take several years to materialize.

[Felicia]

Equity Research Notes

Sonus Networks, Inc. (SONS – 23.47) July 18, 2001

Edward R. Jackson, 612-303-5545 [e-mail] / David M. Hawks, 612-303-6436, [e-mail] /
Derek L. Wilder, 612-303-5540, [e-mail]
Exario To Use Sonus Equipment For Next-Generation Packet Voice Network; New
Customer Win Demonstrates Sonus`s Ability To Satisfy Service Provider Requirement For
Proven Packet Voice Solutions; Maintaining $36 Price Target.
Rating: Strong Buy, Aggressive (#)
Price: $23.47 52-Week Range $93.67–$12.00
FY End: December 12-Month Price Target (24x FY02 Rev. Est.) $36
Shares Outstanding (MM) 215.0
EPS* 2000 2001E 2002E Market Cap (MM) $5,046.0
Mar ($0.08) $0.00A $0.02 Cash Per Share $0.63
Jun ($0.07) $0.01A $0.03 Average Volume 5,403,039
Sep ($0.04) $0.01E $0.04 Book Value $0.92
Dec $0.00 $0.03E $0.06 Dividend Nil
FY ($0.17) $0.04E $0.16 Debt/Total Capitalization 0%
P/E NM NM NM 3-5 Year Rev. Growth Rate +100%
Revs ($Mil) 2000 2001E 2002E
Mar $1.1 $41.5A $66.4
Jun $6.5 $52.6A $74.6
Sep $15.6 $55.1E $84.9
Dec $28.6 $60.9E $97.4 Quarter End September 30, 2001
FY $51.8 $210.0E $323.3 Est. Reporting Date October 2001
*EPS do not add due to share count - adjusted EPS excluding stock-based compensation

Summary
· Exario Networks Deploying Next Generation Packet Voice Network Using Sonus Gear. On July 17, 2001, Sonus Networks
and Exario, a leading provider of private IP voice and data networks for enterprises, announced that they are collaborating in the
development of Exario’s nationwide next-generation packet voice network. Exario is implementing Sonus Networks’ GSX9000
Open Services Switch and the PSX6000 Softswitch to support a range of voice/data services to enterprise customers. We believe
that Sonus solutions will be implemented in 11 Exario points of presence in major cities throughout the U.S. by year end 2001.
· New Customer Win Demonstrates Sonus`s Ability To Satisfy Service Provider Demand For Proven Packet Voice
Solutions. This infrastructure decision by Exario, which we believe employs a best-of-breed approach in choosing vendors for its
next-generation network infrastructure, further validates Sonus’s capabilities in delivering proven solutions that enable service
providers to deliver compelling revenue-generating services. Utilizing Sonus technology, Exario will deliver traditional
business access services to enterprise customers via PBX connectivity as well as virtual PBX solutions through a next-generation
infrastructure. Exario has begun rolling out the Sonus-based solutions in select cities in its nationwide network.
· Reiterating Strong Buy Rating And $36 Price Target. In our view, Sonus is well positioned to continue to exploit its market
and technology lead through the further expansion of its footprint in infrastructure solutions for the new public network. This is
supported by the continued traction the Company is experiencing in this challenging market. Based on Sonus’s strong second
quarter results, along with the recent new customer wins and customer base expansion, as well as the strong opportunity both
within and outside of North America, we are reiterating our Strong Buy rating. We are also reiterating our $36 price target,
which is based on 24x our FY02 revenue estimate. Including the Exario win, Sonus’s announced customer count is currently
14.

Details On Sonus Technology Within Exario`s Solutions Targeting Business Customers
Utilizing Sonus technology, Exario will be able to competitively provide business access services to large and small enterprise
customers via PBX (private branch exchange) connectivity. This includes providing connectivity for business customers’ existing
PBXs to the packet voice network by directly linking them to Sonus’s GSX9000. By connecting PBXs to the packet voice
infrastructure which utilizes Sonus`s technology, Exario can offer clients the standard local services that they have been accustomed
to in the circuit-based environment, including directory services, emergency 911, direct dialing, call transfer, call privacy, call
screening, and more. In addition, these services will enable seamless connectivity for business users working at home or in small
offices to connect to the packet voice network via integrated access devices (IADs). We believe this initial solution which is currently
being rolled out will be deployed at 11 Exario points of presence in major cities across the U.S.
Sonus Exploiting Growing Next-Generation Voice Infrastructure Market Opportunity.
We believe Sonus will continue to see strong growth in its customer footprint for these key reasons: 1) next-generation voice
infrastructure solutions provide communication service providers with significant cost savings versus traditional legacy circuit-switched
equipment on both an up-front and total cost of ownership (TCO) basis; 2) the deployment of a next-generation
infrastructure gives service providers the ability to quickly deploy additional revenue-generating services to maintain, as well as
retain, their customers; 3) To date, the Company has announced 14 customers that are in various stages of deployment of Sonus
technology. In addition, we believe that the Company is in multiple trials with many major carriers worldwide.
Exario Networks Backgrounder
Exario Networks is a leading provider of advanced IP services specializing in the design, implementation, and management of next-generation
voice-enabled wide area networks. The Company takes advantage of IP technology and voice and data convergence over a
private ATM infrastructure to create unique and highly scaleable networking solutions for companies requiring the highest levels of
network security and quality of service. The firm has headquarters in Parsippany, New Jersey, and maintains a West Coast sales
office in Pleasanton, California.
Reiterating Strong Buy Rating; Maintaining $36 Price Target.
We believe Sonus is well positioned to exploit its early technology and market lead to build a significant footprint in infrastructure
solutions for the new public network, demonstrated by the continued traction the Company is experiencing with both next-generation
and incumbent carriers. Based on the Company’s continued traction, customer penetration, customer base expansion, new product
introduction, and footprint expansion within North America, as well as in Europe and Asia Pacific, we are reiterating our Strong
Buy rating. Two global forces, deregulation and the expansion of the Internet, are dramatically impacting and revolutionizing the
public telephone network worldwide. Packet networks are more efficient users of network bandwidth than traditional circuit-switched
telephone networks, which were designed for voice traffic and built long before the advent of the Internet. We reiterate our
Strong Buy rating and our $36 price target. Our target is based on 24x our FY02 revenue estimate. While we believe Sonus’s
trading at a premium to its peer group is appropriate, our price target does reflect the current overall communications market
dynamics and is at a discount from the both the top-line three- to five-year growth rate of more than 100% and the implied three- to
five-year EPS growth rate, which we believe is poised to grow well above 100%, as Sonus’s business model offers strong leverage
potential.

Company Description:
Sonus Networks is a leading provider of voice infrastructure products for the new public network. The
Company offers a new generation of carrier-class switching equipment and software that enables service providers to deploy an
integrated network capable of carrying both voice and data traffic and to deliver a range of new services over packet-based networks.
The Sonus Open Services Architecture (OSA) and award-winning Packet Telephony suite cut the time to market for competitive new
service products, allowing carriers and third-party developers to expand market share and build important new revenue streams. Its
highly scalable products fully interoperate with, and extend the life and utility of, today’s public network. Sonus Networks’
management and staff have decades of experience in developing carrier-class voice, data, and multimedia solutions for
implementation in the world’s largest networks. Sonus, founded in 1997, has headquarters in Westford, Massachusetts.

[Felicia]

Sonus wins multimillion dollar Level 3 contract
THURSDAY, AUGUST 09, 2001 4:34 PM
- Reuters

WESTFORD, Mass., Aug 9 (Reuters) - Network equipment maker Sonus Networks Inc. (NASDAQ NM:SONS) on Thursday said it has signed a 3-year, multimillion dollar deal to supply voice switches and other networking gear to high-speed communications company Level 3 Communications Inc. (NASDAQ NM:LVLT)

Terms of the deal with Broomfield, Colorado-based level 3 were not disclosed, although a Sonus spokeswoman said the company will begin recognizing revenues from the deal over the next two quarters.

Westford, Massachusetts-based Sonus said Level 3 will use Sonus gear throughout its 16,000-mile U.S. fiber-optic network.

"By deploying Sonus` IP (Internet Protocol) technologies into our network, we can deliver new services more rapidly and cost-effectively than we could before," Level 3 Chief Technology Officer Jack Waters said in a statement.

REUTERS

Rtr 16:34 08-09-01

Selector Code: reuco

Copyright 2001, Reuters News Service

[Felicia]

Broker Reports about SONS
Date Broker Report Source
8/9/01 Prudential Securities SONUS NETWORKS Reiterated Buy at Prudential Securities News.com
8/8/01 US Bancorp Piper Jaffray SONUS NETWORKS Reiterated Strong Buy at US Bancorp Piper Jaffray News.com
8/8/01 First Union Securities SONUS NETWORKS Reiterated Buy at First Union Securities News.com
7/18/01 US Bancorp Piper Jaffray SONUS NETWORKS Reiterated Strong Buy at US Bancorp Piper Jaffray News.com
7/12/01 WR Hambrecht & Co. SONUS NETWORKS Reiterated Strong Buy at WR Hambrecht & Co. News.com
7/12/01 Robertson Stephens SONUS NETWORKS Reiterated Buy at Robertson Stephens News.com
7/12/01 JP Morgan H&Q SONUS NETWORKS Reiterated Buy at JP Morgan H&Q News.com
7/12/01 First Union Securities SONUS NETWORKS Reiterated Buy at First Union Securities News.com
7/12/01 US Bancorp Piper Jaffray SONUS NETWORKS Reiterated Strong Buy at US Bancorp Piper Jaffray News.com
7/12/01 Prudential Securities SONUS NETWORKS Reiterated Buy at Prudential Securities News.com
7/5/01 First Union Securities SONUS NETWORKS Reiterated Buy at First Union Securities News.com
7/3/01 First Union Securities SONUS NETWORKS Reiterated Buy at First Union Securities News.com
6/26/01 US Bancorp Piper Jaffray SONUS NETWORKS Reiterated Strong Buy at US Bancorp Piper Jaffray News.com
6/19/01 Raymond James Sonus Networks upgraded from Mkt Perform to Buy at Raymond James Briefing.com
6/5/01 First Union Securities SONUS NETWORKS Reiterate Buy at First Union Securities News.com
5/31/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
5/24/01 First Union Sec Sonus Networks initiated at First Union Sec with a Buy Briefing.com
5/24/01 First Union Sonus Networks Rated New `Buy` at First Union Bloomberg News
5/16/01 Josephthal Sonus Networks Reiterated `Buy` at Josephthal Bloomberg News
5/16/01 H.C. Wainwright Sonus Networks initiated at H.C. Wainwright with a Buy Briefing.com
5/16/01 H.C. Wainwright Sonus Networks Rated New `Buy` at H.C. Wainwright Bloomberg News
5/16/01 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
5/16/01 WR Hambrecht Sonus Networks Reiterated `Strong Buy` at WR Hambrecht Bloomberg News
5/14/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
5/3/01 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
5/2/01 Prudential Sonus Networks Reiterated `Strong Buy` at Prudential Bloomberg News
4/27/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
4/19/01 Thomas Weisel Sonus Networks Reiterated `Buy` at Thomas Weisel Bloomberg News
4/16/01 Mrgn Stnly Dn Wttr Sonus Networks initiated at Mrgn Stnly Dn Wttr with an Outperform Briefing.com
4/16/01 Morgan Stanley DW Sonus Networks Rated New `Outperform` at Morgan Stanley DW Bloomberg News
4/12/01 Hoak Breedlove Wes Sonus Networks initiated at Hoak Breedlove Wes with a Buy Briefing.com
4/12/01 Hoak Breedlove Wesneski Sonus Networks Rated New `Buy` at Hoak Breedlove Wesneski Bloomberg News
4/11/01 Raymond James Sonus Networks downgraded from Buy to Mkt Perform at Raymond James Briefing.com
4/11/01 Raymond James Sonus Networks Cut to `Market Perform` at Raymond James Bloomberg News
4/11/01 Pacific Crest Sonus Networks Reiterated `Strong Buy` at Pacific Crest Bloomberg News
4/11/01 CIBC Sonus Networks Target Price Cut at CIBC Bloomberg News
4/11/01 Josephthal Sonus Networks Reiterated `Buy` at Josephthal Bloomberg News
4/11/01 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
4/11/01 Robertson Stephens Sonus Networks Reiterated `Buy` at Robertson Stephens Bloomberg News
4/11/01 WR Hambrecht Sonus Networks Reiterated `Strong Buy` at WR Hambrecht Bloomberg News
4/11/01 Prudential Volpe Sonus Networks Reiterated `Strong Buy` at Prudential Volpe Bloomberg News
4/10/01 Prudential Volpe Sonus Networks Price Target Cut at Prudential Volpe Bloomberg News
4/10/01 Dain Rauscher Wessels Sonus Networks Reiterated `Buy` at Dain Rauscher Wessels Bloomberg News
4/3/01 Thomas Weisel Sonus Networks Reinstated `Buy` at Thomas Weisel Bloomberg News
4/3/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
4/2/01 Arnhold Bleichroeder Sonus Networks Cut to `Attractive` at Arnhold Bleichroeder Bloomberg News
3/30/01 Pacific Crest Sonus Networks Reiterated `Strong Buy` at Pacific Crest Bloomberg News
3/14/01 WR Hambrecht Sonus Networks Reiterated `Strong Buy` at WR Hambrecht Bloomberg News
3/13/01 Lehman Sonus Networks Reiterated `Strong Buy` at Lehman Bloomberg News
3/13/01 Raymond James Sonus Networks Reiterated `Buy` at Raymond James Bloomberg News
3/13/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
3/13/01 Prudential Volpe Sonus Networks Reiterated `Strong Buy` at Prudential Volpe Bloomberg News
3/12/01 Josephthal Sonus Networks Reiterated `Buy` at Josephthal Bloomberg News
3/8/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
3/2/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
2/28/01 Arnhold Bleichroeder Sonus Networks Rated New `Buy` at Arnhold Bleichroeder Bloomberg News
2/20/01 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
2/12/01 Dain Rauscher Wessels Sonus Networks Reiterated `Strong Buy` at Dain Rauscher Wessels Bloomberg News
2/7/01 CIBC Wrld Mkts Sonus Networks initiated at CIBC Wrld Mkts with a Buy Briefing.com
2/7/01 Josephthal Sonus Networks Reiterated `Buy` at Josephthal Bloomberg News
2/7/01 CIBC Sonus Networks Rated New `Buy` at CIBC Bloomberg News
2/6/01 Prudential Volpe Sonus Networks Reiterated `Strong Buy` at Prudential Volpe Bloomberg News
1/30/01 Josephthal & Co Sonus Networks initiated at Josephthal & Co with a Buy Briefing.com
1/30/01 Josephthal Sonus Networks Rated New `Buy` at Josephthal Bloomberg News
1/22/01 Prudential Volpe Sonus Networks Reiterated `Strong Buy` at Prudential Volpe Bloomberg News
1/19/01 Dain Rauscher Wessels Sonus Networks Raised to `Strong Buy` at Dain Rauscher Wessels Bloomberg News
1/19/01 Robertson Stephens Sonus Networks Reiterated `Buy` at Robertson Stephens Bloomberg News
1/19/01 Prudential Sonus Networks upgraded from Accumulate to Strong Buy at Prudential Briefing.com
1/19/01 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
1/17/01 Raymond James Sonus Networks initiated at Raymond James with a Buy Briefing.com
1/17/01 Raymond James Sonus Networks Rated New `Buy` at Raymond James Bloomberg News
1/4/01 Prudential Volpe Sonus Networks Reiterated `Accumulate` at Prudential Volpe Bloomberg News
12/18/00 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
12/12/00 US Bancorp Piper Sonus Networks Reiterated `Strong Buy` at US Bancorp Piper Bloomberg News
12/7/00 Pacific Crest Sonus Networks Raised to `Strong Buy` at Pacific Crest Bloomberg News
11/17/00 Prudential Volpe Sonus Networks Reiterated `Accumulate` at Prudential Volpe Bloomberg News
11/13/00 Brad Peery Sonus Networks Reiterated `Buy` at Brad Peery Bloomberg News
11/8/00 WR Hambrecht Sonus Networks Reiterated `Strong Buy` at WR Hambrecht Bloomberg News
11/7/00 Prudential Volpe Sonus Networks Reiterated `Accumulate` at Prudential Volpe Bloomberg News
11/3/00 Thomas Weisel Sonus Networks Reiterated `Buy` at Thomas Weisel Bloomberg News
11/3/00 Pacific Crest Sonus Networks Reiterated `Buy` at Pacific Crest Bloomberg News
10/12/00 Robertson Stephens Sonus Networks Reiterated `Buy` at Robertson Stephens Bloomberg News
10/12/00 Dain Rauscher Wessels Sonus Networks Reiterated `Buy` at Dain Rauscher Wessels Bloomberg News
Date Broker Report Source
About Broker Reports: CNET Investor`s broker reports are provided by Briefing.com and Bloomberg.

[Felicia]

[spech]

sonst gehts dir gut?? felicia?

[Felicia]

AUGUST 08, 2001

TOP 10 OPTICAL STOCKS

Sonus Networks (Nasdaq: SONS)
Number 4

--------------------------------------------------------------------------------

Most telecom-related stocks have been nuked into the single-digits, but shares of Sonus Networks Inc. (Nasdaq: SONS - message board) have been holding steady since it announced first-quarter results in April. The stock has been hovering above the $20 mark.

What’s to like about Sonus? Right now, it’s the market leader in voice softswitches, one of the more viable niche telecom markets. These days, most telecom equipment markets are the equivalent of the college kegger, packed with young and enthusiastic ravers. The only problem is, you have to survive an intolerably long line to the keg, and there are an awful lot of competitors – many of them sick. The voice switch market is a more sedate affair – the cocktails are generous, and there’s more elbow room. In fact, Sonus is the lone, public company of any import in this market.

There are several small private softwitch companies, but they are struggling with funding issues and have trouble scaling up to the size where they’ll be noticed or trusted by RBOC customers. Then there’s Cisco Systems Inc. (Nasdaq: CSCO - message board), which was late to enter the market and is still playing catchup to Sonus. The closest competitor looks to be Unisphere Networks Inc., the Siemens AG (NYSE: SI - message board; Frankfurt: SIE) spinoff that acquired the technology with the purchase of Castle Networks. But, all in all, Sonus leads the pack.

Carriers remain interested in the technology because their cost-cutting measures include operating low-cost voice networks that replace circuit-switched architectures with new packet-based transport systems. Sonus’s products enable the carriers to replace expensive Class 5 voice switches with a packet-based softswitch/gateway combination. There is a trend here. Losses in the traditional Class 5 circuit switch market are well-documented. Lucent Technologies Inc.`s (NYSE: LU - message board) and Nortel Networks Corp.`s (NYSE/Toronto: NT - message board) losses in Class 5 voice switching are Sonus’s gain.

The numbers bear it out. On its first-quarter conference call, Sonus lifted its revenue guidance for 2001 to $180-$200 million from $170-$190 million. Any company raising its revenue guidance in the grim days of 2001 demands attention.

The company’s second quarter lived up to its promise. Revenues for the second quarter of fiscal 2001 were $52.6 million, a sequential increase of 27 percent from the first quarter`s $41.5 million. This keeps Sonus on pace for meeting or beating its raised guidance for the year.

Adjusted net income for the second quarter of fiscal 2001, which excluded special charges, was $1.2 million or $0.01 per share. The net loss for the second quarter, including charges for stock options and amortization of goodwill, was $51.4 million or $0.30 per share.

Sonus continues to add an interesting mix of customers to its list. In the second quarter it announced BellSouth Corp. (NYSE: BLS - message board); and it`s branching out in Asia, adding Japanese customer Fusion Communications Corp. and signing a distributor relationship with Sumitomo Corp. The company also announced a joint marketing and development program with Juniper Networks Inc. (Nasdaq: JNPR - message board). Sonus now lists more than a dozen customers, including well-known carriers such as Qwest Communications International Corp. (NYSE: Q - message board) and Time Warner Telecom Inc. (Nasdaq: TWTC - message board).

Hot Product: GSX9000 voice switch
Big Question: Can the softswitch market support the generous valuation?
1-year annual sales growth (1999-2000): NM
5-year annual sales growth rate (1996-2000): N/A
P/E: N/A
Price/Sales (TTM): 26.2 (industry avarage: 6.83)
Market Cap: $4.6 billion

http://www.lightreading.com/document.asp?doc_id=7315

[rainbird]

Hey Felicia,

was ist mit SONUS los ?
Warum verlieren die in den letzten Tagen so dramatisch ?
An den Analystenmeinungen kann das ja wohl nicht liegen !?!?!

[Felicia]

SONS wird z.Z. im Amiland massiv geshorted. Eine unschöne Aktion sind die massiven Insiderverkäufe. Diese Verkäufe sind auf ein Aktien-Verkaufs-Programm des Managements zurückzuführen (deutlich erkennbar an den tagegenauen SEC-Fillings). Dies wird zum Leidwesen des Kurses als Panikverkäufe der Manager interpretiert.

Charttechnisch ist momentan eine kritische Zone erreicht, von der aus es im Normalfall wieder hochlaufen dürfte.