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S&P 500   4,050.83
DOW   32,859.03
QQQ   315.68
Is SoFi Technologies a Buy in the Midst of a Banking Crisis?
Bank Accounts: Frozen! (Ad)
3 Companies That Just Started Paying Dividends
CloudFlare's Chart Shows Bullish Moving-Average Crossover
My No. 1 dividend stock for a LIFETIME of income. (Ad)
The Squeeze Is On For EVGo, Rally To Follow 
Alibaba Just Changed The Game For Chinese Tech Conglomerates
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Analysts Upgrade Ciena Corp to Strong Buy
Closing prices for crude oil, gold and other commodities
S&P 500   4,050.83
DOW   32,859.03
QQQ   315.68
Is SoFi Technologies a Buy in the Midst of a Banking Crisis?
Bank Accounts: Frozen! (Ad)
3 Companies That Just Started Paying Dividends
CloudFlare's Chart Shows Bullish Moving-Average Crossover
My No. 1 dividend stock for a LIFETIME of income. (Ad)
The Squeeze Is On For EVGo, Rally To Follow 
Alibaba Just Changed The Game For Chinese Tech Conglomerates
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Analysts Upgrade Ciena Corp to Strong Buy
Closing prices for crude oil, gold and other commodities
S&P 500   4,050.83
DOW   32,859.03
QQQ   315.68
Is SoFi Technologies a Buy in the Midst of a Banking Crisis?
Bank Accounts: Frozen! (Ad)
3 Companies That Just Started Paying Dividends
CloudFlare's Chart Shows Bullish Moving-Average Crossover
My No. 1 dividend stock for a LIFETIME of income. (Ad)
The Squeeze Is On For EVGo, Rally To Follow 
Alibaba Just Changed The Game For Chinese Tech Conglomerates
My No. 1 dividend stock for a LIFETIME of income. (Ad)
Analysts Upgrade Ciena Corp to Strong Buy
Closing prices for crude oil, gold and other commodities
NASDAQ:SONO

Sonos - SONO Stock Forecast, Price & News

$19.04
+0.09 (+0.47%)
(As of 03/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$18.94
$19.28
50-Day Range
$17.86
$21.45
52-Week Range
$13.65
$31.22
Volume
984,382 shs
Average Volume
1.25 million shs
Market Capitalization
$2.42 billion
P/E Ratio
146.47
Dividend Yield
N/A
Price Target
$25.25

Sonos MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
32.6% Upside
$25.25 Price Target
Short Interest
Bearish
10.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of Sonos in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.47 M Sold Last Quarter
Proj. Earnings Growth
121.74%
From $0.23 to $0.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Consumer Discretionary Sector

187th out of 264 stocks

Household Audio & Video Equipment Industry

6th out of 7 stocks


SONO stock logo

About Sonos (NASDAQ:SONO) Stock

Sonos, Inc. engages in the provision of multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts and audiobooks, with control from Android smartphones, iPhone or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in August 2002 and is headquartered in Santa Barbara, CA.

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SONO Stock News Headlines

Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
Sonos Brings New Era to a New Era
SONY or SONO: Which Is the Better Value Stock Right Now?
Why Sonos Stock Jumped on Thursday
Sonos Stock Jumps After Beating Earnings Expectations
Sonos Avoids Cranking it Up
Sonos (SONO) Q1 2023 Earnings Call Transcript
Sonos Jumps After Beating Earnings Expectations
Sonos (SONO) Q1 Earnings and Revenues Top Estimates
See More Headlines
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SONO Company Calendar

Last Earnings
11/16/2021
Today
3/31/2023
Next Earnings (Estimated)
5/10/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Household audio & video equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:SONO
Fax
N/A
Employees
1,844
Year Founded
2002

Price Target and Rating

Average Stock Price Forecast
$25.25
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+32.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$67.38 million
Pretax Margin
2.80%

Debt

Sales & Book Value

Annual Sales
$1.75 billion
Cash Flow
$0.84 per share
Book Value
$4.40 per share

Miscellaneous

Free Float
123,362,000
Market Cap
$2.42 billion
Optionable
Optionable
Beta
1.86

Social Links


Key Executives

  • Patrick SpencePatrick Spence
    President, Chief Executive Officer & Director
  • Maxime Bouvat-Merlin
    Senior VP-Hardware & Operations
  • Edward Peter Lazarus
    CFO, Secretary & Chief Legal Officer
  • Ruth Sleeter
    Chief Information Officer & SVP
  • Chris Mason
    Chief Accounting Officer & Senior Vice President













SONO Stock - Frequently Asked Questions

Should I buy or sell Sonos stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SONO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SONO, but not buy additional shares or sell existing shares.
View SONO analyst ratings
or view top-rated stocks.

What is Sonos' stock price forecast for 2023?

2 brokerages have issued 1 year price targets for Sonos' shares. Their SONO share price forecasts range from $20.00 to $35.00. On average, they expect the company's stock price to reach $25.25 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price.
View analysts price targets for SONO
or view top-rated stocks among Wall Street analysts.

How have SONO shares performed in 2023?

Sonos' stock was trading at $16.90 at the start of the year. Since then, SONO stock has increased by 12.7% and is now trading at $19.04.
View the best growth stocks for 2023 here
.

When is Sonos' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our SONO earnings forecast
.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) posted its quarterly earnings data on Tuesday, November, 16th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04. The firm had revenue of $359.54 million for the quarter, compared to analyst estimates of $360.23 million. Sonos had a net margin of 1.08% and a trailing twelve-month return on equity of 3.04%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share.

What guidance has Sonos issued on next quarter's earnings?

Sonos issued an update on its FY 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.70 billion-$1.80 billion, compared to the consensus revenue estimate of $1.73 billion.

What is Patrick Spence's approval rating as Sonos' CEO?

79 employees have rated Sonos Chief Executive Officer Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among the company's employees. This puts Patrick Spence in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Sonos own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Boeing (BA), DocuSign (DOCU), Block (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU).

When did Sonos IPO?

(SONO) raised $250 million in an IPO on Thursday, August 2nd 2018. The company issued 13,900,000 shares at $17.00-$19.00 per share. Morgan Stanley, Goldman Sachs and Allen & Company served as the underwriters for the IPO and RBC Capital Markets, Jefferies, KKR, Raymond James and Stifel were co-managers.

What is Sonos' stock symbol?

Sonos trades on the NASDAQ under the ticker symbol "SONO."

Who are Sonos' major shareholders?

Sonos' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Thrivent Financial for Lutherans (4.28%), Franklin Resources Inc. (3.79%), JPMorgan Chase & Co. (2.85%), Millennium Management LLC (2.14%), Geode Capital Management LLC (1.85%) and Morgan Stanley (1.78%). Insiders that own company stock include 2006 Fund LP Kkr, Anna Fraser, Brittany Bagley, Edward P Lazarus, Joanna Coles, John Maeda, Julius Genachowski, Matthew O Siegel, Matthew O Siegel, Michelangelo Volpi, Nicholas Millington, Patrick Spence and Thomas Conrad.
View institutional ownership trends
.

How do I buy shares of Sonos?

Shares of SONO stock 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.
Compare Top Brokerages Here.

What is Sonos' stock price today?

One share of SONO stock can currently be purchased for approximately $19.04.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.42 billion and generates $1.75 billion in revenue each year. The company earns $67.38 million in net income (profit) each year or $0.13 on an earnings per share basis.

How many employees does Sonos have?

The company employs 1,844 workers across the globe.

Does Sonos have any subsidiaries?
The following companies are subsidiares of Sonos: Snips, and Sonos Europe B.V. (Netherlands).
Read More
How can I contact Sonos?

Sonos' mailing address is 614 CHAPALA STREET, SANTA BARBARA CA, 93101. The official website for the company is www.sonos.com. The company can be reached via phone at (805) 965-3001 or via email at ir@sonos.com.

This page (NASDAQ:SONO) was last updated on 3/31/2023 by MarketBeat.com Staff