Sonus Networks Backs Q1, FY14 Outlook, Outlines 2015 Goals - Quick Facts

(RTTNews) - SIP communications firm Sonus Networks, Inc. (SONS) Thursday affirmed its outlook for the first quarter and full year 2014, and issued additional financial targets for fiscal year 2015.

The firm still expects first-quarter loss of $0.01 per share and revenues of $70 million. On average, five analysts polled by Thomson Reuters expect a loss of $0.01 per share. Analysts' estimates typically exclude special items. Analysts expect revenues of $69.90 million.

Full year earnings per share are estimated to be $0.05 on revenues of $300 million. Wall Street looks for $0.05 per share on revenues of $304.16 million.

The company is targeting 10 percent total revenue growth in 2015 driven by the enterprise and service providers SBC markets and emerging growth in the DSC market.

The company is also aiming for operating margins of around 10 percent in 2015 underpinned by revenue growth, steadily improving gross margins and a gradual reduction in operating expenses as a percentage of total revenue.

The firm is holding a meeting today for the investment community.