NASDAQ:SONO - Sonos Stock Price, Forecast & News

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

Sonos Inc (NASDAQ:SONO) posted its quarterly earnings data on Wednesday, November, 20th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by $0.06. The company had revenue of $294 million for the quarter, compared to analyst estimates of $289.05 million. Sonos had a negative net margin of 0.38% and a negative return on equity of 1.68%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. View Sonos' Earnings History.

Sonos is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Sonos.

Sonos will be holding an earnings conference call on Wednesday, February 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Sonos updated its FY 2020 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$1.365-1.4 billion, compared to the consensus revenue estimate of $$1.37 billion.

6 analysts have issued 12 month price targets for Sonos' shares. Their forecasts range from $14.00 to $20.00. On average, they expect Sonos' share price to reach $17.00 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price. View Analyst Price Targets for Sonos.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonos in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sonos.

News coverage about SONO stock has been trending positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sonos earned a daily sentiment score of 3.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Sonos.

Sonos saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 9,680,000 shares, a decrease of 8.2% from the December 15th total of 10,550,000 shares. Based on an average daily trading volume, of 1,560,000 shares, the short-interest ratio is currently 6.2 days. Approximately 16.1% of the shares of the company are sold short. View Sonos' Current Options Chain.

Some companies that are related to Sonos include Knowles (KN), Universal Electronics (UEIC), Arlo Technologies (ARLO), Technicolor (TCLRY), LRAD (GNSS), LRAD (LRAD), Koss (KOSS), The Guitammer (GTMM) and Provision (PVHO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonos investors own include NVIDIA (NVDA), Alibaba Group (BABA), AT&T (T), AbbVie (ABBV), Bank of America (BAC), Netflix (NFLX), Stitch Fix (SFIX), Costco Wholesale (COST), Starbucks (SBUX) and Advanced Micro Devices (AMD).

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

Sonos' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Commerzbank Aktiengesellschaft FI (0.26%), Radnor Capital Management LLC (0.03%), Johanson Financial Advisors Inc. (0.01%) and Steward Partners Investment Advisory LLC (0.00%). Company insiders that own Sonos stock include Michael Giannetto, Michelangelo Volpi, Nicholas Millington, Patrick Spence and Ventures Growth I (Jerse Index. View Institutional Ownership Trends for Sonos.

SONO stock was acquired by a variety of institutional investors in the last quarter, including Radnor Capital Management LLC, Johanson Financial Advisors Inc., Commerzbank Aktiengesellschaft FI and Steward Partners Investment Advisory LLC. View Insider Buying and Selling for Sonos.

Shares of SONO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of SONO stock can currently be purchased for approximately $15.12.

Sonos has a market capitalization of $1.64 billion and generates $1.26 billion in revenue each year. The company earns $-4,770,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis. Sonos employs 1,446 workers across the globe.View Additional Information About Sonos.

The official website for Sonos is http://www.sonos.com/.

Sonos' mailing address is 614 CHAPALA STREET, SANTA BARBARA CA, 93101. The company can be reached via phone at 805-965-3001 or via email at [email protected]