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
- FX: Ranges Persist, though Sterling is Exceptional | ZeroHedge
- Saturday Night at Chess Cinemas | iBankCoin.com
- What Happened To The Middle Class? The Infographic | ZeroHedge
- EaSTeR ViSiToRS... | ZeroHedge
- China Wanted Capitalism But it Also Got Strikes | ZeroHedge
- Everything We Are Told About Deflation Is A Lie | ZeroHedge
- Further Downside May Be Ahead, Though Long-Term Trend Still Intact | Financial Sense
The most relevant financial news and articles from the Internets
- The Chart Of Government Job Losses Under Obama Will Never Get Old | Business Insider
- Apple's Supply-Chain Secret? Hoard Lasers | BusinessWeek
- Google+ Is Actually Good For Something | Business Insider
- Iran Explains Why An American Plane Was... | Business Insider
- How 10 Of The Most Dominant Athletes Alive Spend Their Millions | Business Insider
- Google Is Planning A $100 Smartphone [Report] (GOOG) | Business Insider
- 21 Awesome Easter Eggs In 'Grand Theft Auto V' | Business Insider