Sonus Networks (NASDAQ:SONS) CEO Raymond P. Dolan bought 1,000,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 29th. The stock was purchased at an average price of $2.98 per share, with a total value of $2,980,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,078,674 shares of the company’s stock, valued at approximately $9,174,449. Sonus Networks, Inc. (NASDAQ:SONS)’s stock on May 1, 2014 reported a decrease of -0.61% to the closing price of $3.25. Its fifty two weeks range was $2.18 -$3.98. The total market capitalization recorded $805.15 billion. The overall volume in the last trading session was 3.28 million shares. In its share capital, company has 247.74 million outstanding shares.