Sonus Networks: Connecting Shareholders To Double-Digit Returns In 2014
Helix Investment Research • 10 Comments
Helix Investment Research • 10 Comments
Performance Technologies: Expect Serious Performance From This Potential Multi-Bagger
Valuable Insights • 72 Comments
Valuable Insights • 72 Comments
Yesterday, 5:30 PM
- ANGI, ANTM, ARMH, AUO, AVX, BA, BAH, BOKF, CFR, CG, CMCSA, CRCM, CRI, DCIX, DHX, DPS, DX, DXYN, ENTG, ETM, EVR, FCAU, FCF, FDML, FLIR, FSV, GCI, GD, GIB, GIL, GLW, GRMN, GT, HES, HLT, HUN, I, IMS, IR, KO, LH, LL, LVLT, MDCO, MDLZ, MHO, MMYT, MO, NDAQ, NEE, NOC, NSC, NYCB, OC, PB, POL, Q, R, RES, ROK, ROL, RTIX, SALT, SEIC, SIX, SLAB, SLGN, SNAK, SO, SONS, SPG, STM, STRA, STT, SUP, SVU, TMUS, TPH, TYPE, UCBI, UFS, UMC, VLY, WCIC, WEC, WEX, WIX, WM, WOOF, WYN
Wed, Apr. 27, 7:06 AM
Tue, Apr. 26, 5:30 PM
- ACCO, AGCO, ANTM, AOS, AVY, BA, BEN, BGCP, BHI, BOKF, BSX, CFR, CMCSA, CSL, DHX, DPS, DX, EVER, EVR, FDML, FI, GCI, GD, GIB, GPI, GRA, GRMN, GT, HES, HLT, IART, IP, JLL, LDOS, LEA, LLL, LRN, MDLZ, MKTX, MVIS, NAP, NDAQ, NEO, NMR, NOC, NS, OC, OSIS, PB, RDN, RES, ROK, ROL, SAIA, SC, SIX, SLAB, SLGN, SMED, SO, SONS, STM, STNG, STT, SUP, SXC, TGNA, TKR, TPH, UMC, UTX, VLY, WEX, WOOF
Mon, Feb. 29, 1:01 PM
- BroadSoft's (BSFT +16.4%) Q4 beat has been accompanied by full-year guidance for revenue of $332M-$340M and EPS of $1.90-$2.10, favorable to a consensus of $325.1M and $1.93. Q1 guidance is for revenue of $70M-$74M and EPS of $0.20-$0.32 vs. a consensus of $68.7M and $0.24.
- Q4 billings (revenue + change in deferred revenue) totaled $91M, up 8% Y/Y. License software billings fell 2% to $36.4M. The deferred revenue balance stood at $111.1M (+9% Y/Y) at quarter's end.
- License revenue (drives future maintenance/services revenue) totaled $35.4M, subscription and maintenance support revenue $30.6M, and professional services/other revenue $23.6M. Non-GAAP operating expenses rose 22% Y/Y to $41M. BroadSoft ended 2015 with $248M in cash and $188M in convertible debt.
- Fellow VoIP/unified communications software provider Sonus (SONS +4%) is also having a good day.
- BroadSoft's Q4 results, earnings release
Tue, Feb. 16, 7:02 AM
Mon, Feb. 15, 5:30 PM
Wed, Feb. 3, 1:32 PM
- Though the Nasdaq is down 1.5%, many telecom equipment and optical component firms are rallying after network test equipment/telecom software provider Viavi (VIAV +17.6%) and optical component vendor Oclaro (OCLR +11.4%) beat calendar Q4 estimates and issued strong Q1 guidance.
- The list includes optical networking hardware firms Ciena (CIEN +3.9%) and Infinera (INFN +4.9%), component vendors Finisar (FNSR +5.3%) and Alliance Fiber (AFOP +2.2%), Wi-Fi hardware provider Ruckus (RKUS +3.5%), and VoIP and 4G signaling hardware/software firm Sonus (SONS +2.5%).
- Component maker NeoPhotonics (NPTN +14.7%) is posting double-digit gains, aided by an upgrade to Strong Buy from Raymond James. RJ says its checks point to strong sales fueled by Chinese demand and 100G metro optical buildouts.
- Oclaro guided for calendar Q1 (FQ3) revenue of $97M-$100M, soundly above a $90M consensus. The FQ2 beat was fueled by a 21% Y/Y increase in 100G product sales (53% of total revenue), which offset a 7% drop in sales of 10G and lower-speed products (35% of revenue). (earnings release)
- Viavi's beat was aided by a 5.7% Y/Y sales increase for the company's core network enablement (test instrument) business. The unit delivered Y/Y sales growth for the first time in five quarters. (earnings release)
- Viavi and Oclaro's numbers came shortly after optical component contract manufacturer Fabrinet soared in response to an FQ2 beat and strong FQ3 guidance. Fabrinet's revenue from 100G programs nearly tripled Y/Y in FQ2.
Dec. 10, 2015, 2:11 PM
- Ciena (CIEN -16.8%) has tumbled after issuing light FQ1 guidance to go with an FQ4 beat. In addition, the optical networking hardware vendor has guided for 8%-9% FY16 (ends Oct. '16) revenue growth, below a 13.8% consensus.
- With Ciena's outlook raising new fears about telecom capex (under pressure for a while), rival Infinera (INFN -3.3%) is also off, as are optical component vendors Lumentum (LITE -2.2%) and Alliance Fiber (AFOP -1.9%), VoIP/4G signaling infrastructure provider Sonus (SONS -1.6%), and network test equipment/software provider Viavi (VIAV -2%). The Nasdaq is up 0.7%.
- Northland Securities' Tim Savageaux has gone contrarian and upgraded Ciena to Outperform. He notes the company's FY16 outlook still implies an acceleration in organic sales growth (accounts for the Cyan acquisition) to over 7% from FY15's 3%, and calls the selloff an attractive entry point for buying an industry leader.
- Wells Fargo's Jess Lubert (Outperform rating) is also defending Ciena. "While we are disappointed by Ciena’s FQ1 and F2016 outlook, we sense the company’s forecast likely embeds conservative assumptions surrounding the Cyan business and the timing of revenue recognition on several large opportunities. That said, with Ciena having secured 100G metro deployments with many of the world’s largest carriers and likely to see improved mix further benefit margins, we remain positive regarding the company’s 2016/2017 prospects and see the potential for the current forecast to prove conservative if execution remains strong."
Earnings/guidance details: Ciena's FY16 op. margin is expected to be in a range of 11%-12% vs. 10.9% in FY15 before rising to ~15% in the next 3-4 years. Gross margin (non-GAAP) is expected to be in the mid-40s; it was at 44.9% in FQ4, -40 bps Q/Q and +700 bps Y/Y.
The company had two 10%+ customers in FQ4 (possibly AT&T and Verizon) that collectively made up 29.6% of revenue. Non-U.S. customers were 34.5% of revenue, and Cyan contributed $84.4M (12% of total revenue), primarily via its Z-Wave packet-optical (integrated optical networking/Ethernet switching) platform. Altogether, packet-optical products made up 70% of revenue, packet networking (Ethernet switches) 9.2%, optical transport 2.4%, and software/services 18.4%. (earnings release)
Oct. 28, 2015, 9:39 AM
- Though it beat Q3 estimates, Sonus (SONS +1.4%) is guiding for Q4 revenue of $73M-$75M and EPS of $0.18-$0.21, below a consensus of $77M and $0.22. Low expectations - shares were down 69% YTD going into earnings - appear to be preventing a selloff.
- Product revenue (drives future service revenue) fell 6% Y/Y in Q3 to $42.2M. Service revenue fell 10% to $25.6M. AT&T, Inteliquent, and CenturyLink were 10%+ customers.
- Lifting EPS: Gross margin (non-GAAP) rose to 70% from 65.9% in Q2 and 67.5% a year ago. Meanwhile, job cuts lead operating expenses to drop 9% Y/Y to $41.4M. Sonus ended Q3 with $126.9M in cash (compares with a $314M market cap), and no debt.
- Q3 results, PR
Oct. 28, 2015, 7:06 AM
- Sonus Networks (NASDAQ:SONS): Q3 EPS of $0.11 beats by $0.05.
- Revenue of $67.86M (-7.3% Y/Y) beats by $3.05M.
Oct. 27, 2015, 5:30 PM
- ACCO, ADP, AGCO, AIT, AN, ANTM, APO, ARW, BAH, BDC, BGCP, BOKF, BSX, CARB, CFR, CG, CHMT, CMC, COT, DHX, DORM, DX, EVER, EVR, FCAU, FDML, FLIR, GD, GHM, GNRC, GRMN, HES, HLT, HOT, HSY, HTA, ICE, IDXX, IP, JLL, LFUS, LVLT, MDLZ, NEE, NMR, NOC, NOV, NSC, OXY, PCG, Q, RDWR, RES, ROL, SAH, SAIA, SLAB, SNCR, SO, SONS, SSE, STRA, TECH, TEL, TGI, TKR, UMC, VLO, VLY, VNTV, WBA, WEX, WOOF, XRAY
Jul. 29, 2015, 9:21 AM
- In addition to beating Q2 estimates, Sonus (NASDAQ:SONS) is guiding for Q3 revenue of $65M and EPS of $0.05-$0.08 vs. a consensus of $64.9M and $0.05, and full-year revenue of $245M-$250M and EPS of -$0.10 to $0.00 vs. a consensus of $245.6M and -$0.17.
- Lifting Q2 EPS: Gross margin (non-GAAP) was 65.9%, +440 bps Q/Q and +370 bps Y/Y, and above guidance of 64%-65%. GM is expected to rise to 67.5%-68.5% in Q3.
- As expected (previous), product revenue was weak, falling 41% Y/Y to $27M. Service revenue (driven by past product sales) fell 7% to $27.7M. Thanks to job cuts, operating expenses fell 8% to $40.9M. Two new tier-1 carrier customers were obtained - one in Asia-Pac, the other in Central/Latin America. The carriers might be China Mobile and America Movil, judging by Sonus' descriptions.
- Shares have risen to $6.63 premarket.
- Q2 results, PR
Jul. 29, 2015, 7:04 AM
- Sonus Networks (NASDAQ:SONS): Q2 EPS of -$0.10 beats by $0.06.
- Revenue of $54.70M (-27.6% Y/Y) beats by $0.53M.
Apr. 22, 2015, 7:01 AM
- Sonus Networks (NASDAQ:SONS): Q1 EPS of -$0.27 beats by $0.04.
- Revenue of $50.14M (-29.1% Y/Y) beats by $1.81M.
Apr. 21, 2015, 5:30 PM
Sonus Networks, Inc. provides networked solutions for communications service providers and increasingly, to enterprises to help them advance, protect and unify their communications and improve collaboration. It helps many of the world's communications service providers and enterprises embrace... More
Industry: Communication Equipment
Country: United States
Other News & PR