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S&P 500   3,785.38
DOW   30,775.43
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S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
NASDAQ:SONO

Sonos Stock Forecast, Price & News

$18.04
-0.78 (-4.14%)
(As of 06/30/2022 05:50 PM ET)
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Today's Range
$17.88
$18.59
50-Day Range
$18.04
$24.32
52-Week Range
$17.88
$42.57
Volume
2.46 million shs
Average Volume
2.99 million shs
Market Capitalization
$2.31 billion
P/E Ratio
18.41
Dividend Yield
N/A
Price Target
$34.25
30 days | 90 days | 365 days | Advanced Chart

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SONO Stock Forecast (MarketRank)

Overall MarketRank

2.61 out of 5 stars

Consumer Discretionary Sector

98th out of 405 stocks

Household Audio & Video Equipment Industry

1st out of 12 stocks

Analyst Opinion: 3.3Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Sonos logo

About Sonos (NASDAQ:SONO)

Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California.

SONO Stock News Headlines

MarketBeat: Week in Review 5/30 – 6/3
The jobs report is adding another layer of uncertainty to the markets which are down in mid-morning trading. At times like this, let the MarketBeat team give you the insight you need. Here are some of the stocks they were looking at this week
Sonos (NASDAQ:SONO) Reaches New 12-Month Low at $18.90
See More Headlines

Industry, Sector and Symbol

Industry
Household audio & video equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:SONO
Fax
N/A
Employees
1,525
Year Founded
2002

Company Calendar

Last Earnings
5/11/2022
Today
7/01/2022
Next Earnings (Estimated)
8/10/2022
Fiscal Year End
9/30/2022

Price Target and Rating

Average Stock Price Forecast
$34.25
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+89.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
2 Analysts

Profitability

Net Income
$158.60 million
Pretax Margin
7.98%

Debt

Sales & Book Value

Annual Sales
$1.72 billion
Cash Flow
$1.99 per share
Book Value
$4.52 per share

Miscellaneous

Free Float
123,285,000
Market Cap
$2.31 billion
Optionable
Optionable
Beta
1.86

Social Links















Sonos Frequently Asked Questions

Should I buy or sell Sonos stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonos 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 "moderate buy" Sonos stock.
View analyst ratings for Sonos
or view top-rated stocks.

What is Sonos' stock price forecast for 2022?

2 Wall Street analysts have issued 12-month price objectives for Sonos' shares. Their SONO stock forecasts range from $28.00 to $40.00. On average, they anticipate Sonos' share price to reach $34.25 in the next twelve months. This suggests a possible upside of 89.9% from the stock's current price.
View analysts' price targets for Sonos
or view top-rated stocks among Wall Street analysts.

How has Sonos' stock price performed in 2022?

Sonos' stock was trading at $29.80 at the beginning of the year. Since then, SONO shares have decreased by 39.5% and is now trading at $18.04.
View the best growth stocks for 2022 here
.

When is Sonos' next earnings date?

Sonos is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our earnings forecast for Sonos
.

How were Sonos' earnings last quarter?

Sonos, Inc. (NASDAQ:SONO) issued its quarterly earnings results on Wednesday, May, 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The business earned $399.78 million during the quarter, compared to analysts' expectations of $361.40 million. Sonos had a trailing twelve-month return on equity of 32.39% and a net margin of 7.83%. During the same quarter in the previous year, the firm posted $0.31 EPS.
View Sonos' earnings history
.

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

Sonos updated its FY 2022 earnings guidance on Wednesday, June, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.95 billion-$2.00 billion, compared to the consensus revenue estimate of $1.97 billion.

Who are Sonos' key executives?

Sonos' management team includes the following people:

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

79 employees have rated Sonos CEO Patrick Spence on Glassdoor.com. Patrick Spence has an approval rating of 98% among Sonos' 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), Square (SQ), Alibaba Group (BABA), PayPal (PYPL), QUALCOMM (QCOM) and Micron Technology (MU).

When did Sonos IPO?

(SONO) raised $250 million in an initial public offering (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 acted 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."

How do I buy shares of Sonos?

Shares of SONO 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 $18.04.

How much money does Sonos make?

Sonos (NASDAQ:SONO) has a market capitalization of $2.31 billion and generates $1.72 billion in revenue each year. The company earns $158.60 million in net income (profit) each year or $0.98 on an earnings per share basis.

How many employees does Sonos have?

Sonos employs 1,525 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

When was Sonos founded?

Sonos was founded in 2002.

How can I contact Sonos?

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

This page (NASDAQ:SONO) was last updated on 7/1/2022 by MarketBeat.com Staff

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