Thieler Law Corp advises investors with losses exceeding $100,000 of the June 5, 2015 lead plaintiff deadline in a class action lawsuit filed against Sonus Networks Inc (NASDAQ: SONS) (“Sonus Networks” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Sonus Networks securities between October 23, 2014 and March 24, 2015, have until June 5, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Sonus Networks securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com. No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements related and/or allegedly failed to disclose that Sonus Networks Inc would be unable to close certain orders in the first quarter of 2015, and that Sonus Networks Inc was experiencing longer decision cycles from its customers.

Sonus Networks Inc reported that its annual Total Revenue rose from $254.13 million in 2012 to $296.33 million in 2014 and that its respective Net Loss declined from $50.17 million to $16.86 million. Shares of Sonus Networks Inc (NASDAQ: SONS) declined to as low as $8.26 per share on March 25, 2015.

On March 24, 2015, Sonus Networks Inc announced that it is updating its previous guidance and initiated a company-wide cost reduction review. Sonus Networks Inc lowered its previously issued guidance. Sonus Networks Inc said that it 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. Sonus Networks Inc said that it 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.

If you were negatively impacted by your investment in Sonus Networks securities between October 23, 2014 and March 24, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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