Sonus Networks, Inc. Loss Form

Company: Sonus Networks, Inc.

Ticker: (NASDAQ) SONS

Deadline

Passed

Lead Plaintiff Deadline: January 07, 2019

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Allegations

(1) the Company would fall materially short of its $74 million revenue forecast; (2) defendants knew that unrealistic revenue and profitability forecasts remained aspirational and largely unreachable, a fact that senior sales personnel regularly communicated to defendants; (3) a number of 2015 sales had been “pulled forward” to buoy sales numbers in Q4 2014, at management’s express direction, and (4) the “backlog” of sales expected to be recognized in early 2015 was significantly lower than usual.