SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of federal securities laws by Sonus Networks, Inc. (NASDAQ: SONS) and certain of its officers. Sonus provides networked solutions for communications service providers and enterprises.
Specifically, Johnson & Weaver’s investigation seeks to determine whether certain statements regarding the Company’s business and prospects were false and misleading when made.
On March 24, 2015 Sonus slashed its first quarter revenue and earnings outlook. Sonus now expects to report revenue of $47 million to $50 million and an adjusted per-share loss of 29 cents to 34 cents, compared with its previous estimates of $74 million in revenue and a profit of 3 cents a share. On this news, the shares of Sonus dropped more than 30% in pre-market trading.
If you are a Sonus shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.