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In CAPS, Sonus Networks
Sonus Networks broke the chain of consecutive quarterly losses by recently surprising Wall Street with second-quarter net income of $4.4 million. The restructuring it began in late 2008 led to lower costs in the quarter and revenue grew sequentially by 50%. The company announced that after a final round of layoffs in the third quarter, the restructuring will be complete, bringing annual cost savings as a result. Its client list includes AT&T
The company competes with global telecom heavyweights like Alcatel-Lucent
Do you think Sonus Networks deserves its vaunted status? If so, add your own thoughts in the comment box below, or head on over to CAPS to rate it yourself. While you're at it, see what the very best CAPS analysts are saying now about the company.
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Fool contributor Dave Mock recently upgraded his vintage electronics collection, but his wife still refers to it as the "junk gathering dust in the garage". He owns no shares of companies mentioned here. Nokia is an Inside Value selection. The Fool's disclosure policy holds the record for swallowing goldfish at the local county fair.
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