Concerns Diverting Active Stocks Direction: Sony Corporation (NYSE:SNE), Sonus Networks (NASDAQ:SONS)

Several matter pinch shares of Sony Corporation (NYSE:SNE) [Trend Analysis], as shares plunging -0.16% to $31.63 with a share volume of 549963. Sony (SNE) plans to split Imaging Products and Solutions business from Sony Corp. Sony Corporation reported that it will transfer certain rights and obligations related to Sony’s imaging products and solutions business (all functions currently held within the Imaging Products & Solutions Sector, including the functions related to the consumer camera business, solutions business with a focus on broadcast- and professional-use products, and medical business), to Sony Imaging Products & Solutions Inc, a wholly owned subsidiary of Sony, by an “absorption-type company split”

The stock is going forward its 52-week low with 50.83% and moving down from its 52-week high price with -7.43%. To have technical analysis views, liquidity ratio of a company was calculated 0.90 as evaluated with its debt to equity ratio of 0.50. The float short ratio was 0.30%, as compared to sentiment indicator; Short Ratio was 3.67.

Sonus Networks, Inc. (NASDAQ:SONS) [Trend Analysis] luring active investment momentum, shares a gain 1.19% to $6.79. Sonus Networks Inc. (SONS) declared that a Q4 loss of $2.6 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Westford, Massachusetts-based company said it had a loss of 5 cents. Earnings, adjusted for one-time gains and costs, came to 9 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The maker of technology for telephone services over internet networks posted revenue of $67.6 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $67.7 million. For the year, the company declared that its loss narrowed to $13.9 million, or 28 cents per share. Revenue was declared as $252.6 million.

For the current quarter ending in April, Sonus said it expects revenue in the range of $52 million. The total volume of 539035 shares held in the session was surprisingly higher than its average volume of 257.34 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -91.80%, and looking further price to next year’s EPS is -14.52%. While take a short look on price to sales ratio, that was 1.25.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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