Sonus falls after reaffirming 2014 guidance, setting 2015 targets


Ahead of its investor day (webcast), Sonus (SONS -6.4%) states it's aiming for 10% 2015 revenue growth; that's favorable to a 6.8% consensus.

The company, which had a 2013 op. margin of just 2.7%, also says it's shooting for a 10% 2015 op. margin, aided by top-line growth, operating leverage, and improving gross margins. The GM improvement will partly stem from higher standards-based product sales and a mix shift to software - PTIX should help with the latter.

Sonus jumped last month after beating Q4 revenue estimates on the back of strong session border controller sales (offsetting weak VoIP gateway sales), and setting its Q1/2014 guidance. Shares made new 52-week highs earlier in March.

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