Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Sonus Networks (Nasdaq: SONS ) fell more than 15% in intraday trading after the company reported disappointing third-quarter results last night. Revenue slumped 24%, leading to an $0.08-per-share loss. Analysts had expected Sonus to break even.
So what: Sonus Networks supplies equipment for enabling Voice over IP services such as those provided by Vonage and Skype.
Now what: Poor results from Sonus don't necessarily portend bad tidings for VoIP. Acme Packet (Nasdaq: APKT ) also supplies VoIP infrastructure equipment yet is thriving. Sonus may have failed to find a niche for competing against larger, better-recognized peers Cisco (Nasdaq: CSCO ) and Juniper Networks (Nasdaq: JNPR ) .
Interested in more info on Sonus Networks? Add it to your watchlist by clicking here.