Yesterday, Sonus Networks, Inc. (NASDAQ:SONS
, SONS message board
) stock closed the session at an inch below the psychological limit of $3 per share, presenting investors' willingness and uncertainty towards its overcoming.
In a heavy volume of 3.09 million shares traded, SONS stock rose the next 2.05% up, recording a new 52-week high at $3.04 per share.
Despite the proposed overcoming of the three dollar border within the trading session, investors cut the closing price at one cent less the above mentioned psychological limit.
Today's session will be really interesting, since it will show the final investor decision.
This month may be categorized as successful for investors of SONS.
In the middle of the month, the company released SONS plans to further expand in Central and Eastern Europe as well as in the CIS countries (Commonwealth of Independent States) through the partnership with the company NewTelco.
After the day of the announcement, in two following trading sessions SONS shares slightly pulled back, presenting investors' resistance towards better SONS stock performance on the above news.
Last Tuesday, SONS announced its first customer to place live commercial traffic on the new Sonus NBS-5200 Network Border Switch.
Since then, the accumulated growth potential for SONS stock was unlocked. The upward direction was confirmed by investors. The only question that arises is up to what "border" SONS share price will be "switched".
Last SONS financials can be a strong supporter of the bullish mood towards the stock. For the first quarter of this year, the company reports 52.2% increase in revenues from the prior year and significant improvement of the net loss, amounting $134K .
The harmony in the company's balance sheet also may give investors some hope, that investing in SONS stock is an opportunity with good future.