Sonim Technologies Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonim Technologies in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Sonim Technologies stock.
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Wall Street analysts have given Sonim Technologies a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sonim Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Sonim Technologies saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 825,200 shares, an increase of 28.0% from the July 29th total of 644,900 shares. Based on an average daily volume of 4,700,000 shares, the days-to-cover ratio is presently 0.2 days.
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Sonim Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 10th 2021.
View our earnings forecast for Sonim Technologies.

Sonim Technologies, Inc. (NASDAQ:SONM) announced its quarterly earnings results on Monday, August, 16th. The company reported ($1.00) earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of ($1.00). The firm had revenue of $11.95 million for the quarter, compared to analysts' expectations of $14.15 million. Sonim Technologies had a negative net margin of 52.99% and a negative trailing twelve-month return on equity of 121.24%.
View Sonim Technologies' earnings history.

Sonim Technologies' stock was trading at $9.2210 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SONM stock has decreased by 59.8% and is now trading at $3.71.
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Sonim Technologies shares reverse split before market open on Thursday, September 16th 2021. The 1-10 reverse split was announced on Thursday, September 16th 2021. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, September 16th 2021. An investor that had 100 shares of Sonim Technologies stock prior to the reverse split would have 10 shares after the split.

51 employees have rated Sonim Technologies CEO Bob Plaschke on Glassdoor.com. Bob Plaschke has an approval rating of 85% among Sonim Technologies' employees.

Some companies that are related to Sonim Technologies include Plantronics (POLY), AudioCodes (AUDC), NETGEAR (NTGR), ADTRAN (ADTN), Clearfield (CLFD), Akoustis Technologies (AKTS), DZS (DZSI), Exlites Holdings International (EXHI), Sunworks (SUNW), Minim (MINM), Franklin Wireless (FKWL), Communications Systems (JCS), Zoom Telephonics (ZMTP), ClearOne (CLRO) and Altigen Communications (ATGN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sonim Technologies investors own include TherapeuticsMD (TXMD), Acasti Pharma (ACST), Outlook Therapeutics (OTLK), Nabriva Therapeutics (NBRV), SCYNEXIS (SCYX), Allena Pharmaceuticals (ALNA), electroCore (ECOR), Heat Biologics (HTBX), Matinas BioPharma (MTNB) and NIO (NIO).

(SONM) raised $50 million in an initial public offering on Friday, May 10th 2019. The company issued 3,600,000 shares at a price of $13.00-$15.00 per share. Oppenheimer and Lake Street served as the underwriters for the IPO and National Securities Corporation was co-manager.

Sonim Technologies trades on the NASDAQ under the ticker symbol "SONM."

Sonim Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.57%), Renaissance Technologies LLC (0.56%), Virtu Financial LLC (0.15%), State Street Corp (0.11%) and Citadel Advisors LLC (0.09%). Company insiders that own Sonim Technologies stock include Brc Partners Opportunity Fund,, Maurice Hochschild, Nokomis Capital, LLC, Robert L Tirva, Robert L Tirva and Thomas Wiley Wilkinson.
View institutional ownership trends for Sonim Technologies.

SONM stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC. Company insiders that have sold Sonim Technologies company stock in the last year include Brc Partners Opportunity Fund,, and Robert L Tirva.
View insider buying and selling activity for Sonim Technologies or view top insider-selling stocks.

SONM stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Virtu Financial LLC, State Street Corp, and Citadel Advisors LLC. Company insiders that have bought Sonim Technologies stock in the last two years include Brc Partners Opportunity Fund,, Maurice Hochschild, Robert L Tirva, and Thomas Wiley Wilkinson.
View insider buying and selling activity for Sonim Technologies or or view top insider-buying stocks.

Shares of SONM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SONM stock can currently be purchased for approximately $3.71.

Sonim Technologies has a market capitalization of $315.95 million and generates $63.99 million in revenue each year. The company earns $-29,930,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis.

Sonim Technologies employs 102 workers across the globe.

The official website for Sonim Technologies is www.sonimtech.com.

Sonim Technologies is headquartered at 6836 Bee Cave Road Bldg. 1 S#279, Austin TX, 78746.

Sonim Technologies' mailing address is 6836 Bee Cave Road Bldg. 1 S#279, Austin TX, 78746. The company can be reached via phone at (650) 378-8100 or via email at [email protected]