Stocks get Curb Stomped - Except Sonus Networks (SONS)
Straight out of American History X - the majority of stocks were brutally curb stomped today.
But not the VOIP stocks, they are all the rage in 2011.
Shares of Sonus Networks (NASDAQ:SONS) increased 33.33% today, Sonus Networks is a provider of infrastructure for VOIP.
Vonage (NYSE:VG) shares are up 167% YTD. The move for Sonus was due to their Q4 Earnings call. Here's what you need to know:
- Shares jumped 33% in trading today after announcing better-than-expected Q4 earnings and 2011 guidance.
- Revenue in Q4 grew 21% from the year-ago quarter, a big surprise compared to the consensus forecast of basically flat revenue.
- Guidance for 2011 calls for revenue growth of 6% to 14% and suggests the year could be slightly profitable.
Mastery Bottom Line: A 33% gain in one day is pretty huge, so look for a slight pullback in Sonus if you're thinking about adding shares to your portfolio. If they can continue to exceed analyst estimates, shares should continue to move upwards.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Chinese Elites Scramble To Apply For US 'Golden Ticket' Visa | ZeroHedge
- March Consumer Confidence Highest Since 2000 | Financial Sense
- Imagining a World After Fossil Fuels | Financial Sense
- JPM: "Until Market Abandons Hope For A Tax Deal, There Will Be No Significant Weakness" | ZeroHedge
- House Intel Committee Cancels All Meetings For The Week: "Playing An Absurb Political Game" | ZeroHedge
- Meet SAM, Brick Laying Robot That Does The Work Of 6 Humans | ZeroHedge
- Don Coxe on Brewing US Pension Crisis, Stimulus vs. Rising Rates | Financial Sense
The most relevant financial news and articles from the Internets
- U.S. Kids Using Media Almost 8 Hours a Day - BusinessWeek | BusinessWeek
- Mark Cuban says healthcare 'should be a right' | Business Insider
- Facebook forays into header bidding (FB) | Business Insider
- Leftover rice could make you sick if you don't do this one thing | Business Insider
- Wells Fargo agrees to pay $110 million to settle customer accounts lawsuit | Business Insider
- EMIRATES PRESIDENT: We don't know if the US laptop ban will hurt business... | Business Insider
- Johnson & Johnson just launched a $100,000 burnout prevention bootcamp for CEOs (JNJ... | Business Insider