NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Sonus Networks, Inc. (NASDAQ:SONS) resulting from allegations that Sonus Networks may have issued materially misleading business information to the investing public.
On March 24, 2015, Sonus Networks lowered its previously issued guidance. Sonus Networks expects revenue to be in the range of $47 million to $50 million and non-GAAP loss per share in the range of $0.29 to $0.34 for the first quarter ending March 27, 2015 as compared to previous guidance of $74 million in revenue and non-GAAP diluted earnings of $0.03 per share. The Company also expects its revenue for the full year will be up to 25% below the midpoint of its previous annual guidance of $326 million to $330 million. On this news, shares of Sonus Networks fell sharply during intraday trading on March 24, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Sonus Networks investors. If you purchased shares of Sonus Networks before March 24, 2015, please visit the website at http://rosenlegal.com/cases-558.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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