Sonos, Inc. (SONO)

NASDAQ: SONO · Real-Time Price · USD
13.10
+0.15 (1.16%)
Nov 21, 2024, 12:03 PM EST - Market open
1.16%
Market Cap 1.60B
Revenue (ttm) 1.52B
Net Income (ttm) -38.15M
Shares Out 121.76M
EPS (ttm) -0.31
PE Ratio n/a
Forward PE 29.77
Dividend n/a
Ex-Dividend Date n/a
Volume 527,463
Open 12.86
Previous Close 12.95
Day's Range 12.74 - 13.24
52-Week Range 10.23 - 19.76
Beta 2.04
Analysts Buy
Price Target 17.50 (+33.59%)
Earnings Date Nov 13, 2024

About SONO

Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers wireless, portable, and home theater speakers; and headphones, components, and accessories. It offers its products through physical stores, websites, online retailers, and custom installers. 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 headqu... [Read more]

Sector Technology
IPO Date Aug 2, 2018
Employees 1,867
Stock Exchange NASDAQ
Ticker Symbol SONO
Full Company Profile

Financial Performance

In 2024, Sonos's revenue was $1.52 billion, a decrease of -8.29% compared to the previous year's $1.66 billion. Losses were -$38.15 million, 271.3% more than in 2023.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SONO stock is "Buy." The 12-month stock price forecast is $17.5, which is an increase of 33.59% from the latest price.

Price Target
$17.5
(33.59% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sonos Reports Environmental Progress On Headphones, New Products, and Climate Plan

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Today, Sonos (NASDAQ: SONO) released its annual Listen Better Report, offering a comprehensive overview of the company's Environmental, Social, and Governance (...

3 days ago - Business Wire

Sonos to Launch Era 100 Pro, Its First-Ever Solution for Professional Installation, in January 2025

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos (Nasdaq: SONO) today announced that Era 100 Pro, its first-ever solution optimized for professional installation in light-commercial and residential space...

7 days ago - Business Wire

Sonos Begins a Very Long Road Back

The speaker maker's holiday quarter forecast is lifting its stock, but fallout from last spring's app fiasco still lingers.

7 days ago - WSJ

Sonos, Inc. (SONO) Q4 2024 Earnings Call Transcript

Sonos, Inc. (NASDAQ:SONO) Q4 2024 Earnings Conference Call November 13, 2024 5:00 PM ET Company Participants James Baglanis - Head, Investor Relations & Treasury Patrick Spence - Chief Executive Offi...

7 days ago - Seeking Alpha

Sonos Reports Fourth Quarter and Fiscal 2024 Results

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported fourth quarter and fiscal 2024 results. “Thanks to our team going all-in on our app recovery efforts, we made signific...

7 days ago - Business Wire

Earnings Preview: What To Expect From Sonos

Sonos is scheduled to report earnings after Wednesday's close. In 2021, the stock hit a record high near $44.72/share and is currently trading near $14/share.

7 days ago - Forbes

Sonos Announces Date for Fourth Quarter and Fiscal 2024 Financial Results and Conference Call

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, November 13, 2024 the company will report financial results for the fourth quar...

4 weeks ago - Business Wire

Sonos Reveals Arc Ultra, its New Soundbar Featuring Sound Motion™

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos introduces Arc Ultra, a premium soundbar featuring new acoustic technology, along with Sub 4, the next generation of its iconic subwoofer.

5 weeks ago - Business Wire

Sonos Announces New Quality and Customer Experience Commitments

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos announces new quality and customer experience commitments resulting from an internal review of its app release in May.

7 weeks ago - Business Wire

Sonos outlines turnaround plan following app disaster

Sonos' May app relaunch will be studied as a business school cautionary tale for years to launch. The home audio firm prioritized netting new customers over its existing loyal fanbase as it added the ...

7 weeks ago - TechCrunch

Exclusive: Sonos CEO promises reforms after May app release 'failure'; leaders to forgo bonuses

Speaker-maker Sonos unveiled on Tuesday a broad series of reforms that it hopes will restore its reputation after a disastrous app update in May that torpedoed customer trust and caused the company to...

7 weeks ago - Reuters

Sonos and Sporty & Rich Serve Up Tenniscore Style with New Limited Edition Headphones

GOLETA, Calif.--(BUSINESS WIRE)--Sonos (Nasdaq: SONO) and Sporty & Rich, the ultimate authority on fashion meets function, today announced the release of the Sonos Ace x Sporty & Rich Limited Edition ...

3 months ago - Business Wire

Lenovo Group: First Quarter Financial Results 2024/25

HONG KONG--(BUSINESS WIRE)--Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (‘the Group'), today announced Q1 results for fiscal year 2024/25, reporting profitability imp...

Other symbols: EA
3 months ago - Business Wire

Sonos CEO Patrick Spence confirms 100-person layoff

Sonos has laid off 100 employees, 14 months after reducing its 1,800 headcount by seven. The home audio company confirmed the news with TechCrunch, following an initial report by The Verge.

3 months ago - TechCrunch

Sonos: Technical Missteps Are Overshadowing Strong Sales And Great Value

Shares of Sonos declined sharply after posting Q3 results, bringing YTD losses to nearly 30%. The company's app redesign caused a number of glitches, hurting near-term sales and forcing a delay of the...

3 months ago - Seeking Alpha

Sonos Delays Products, Cuts Guidance as It Scrambles To Fix Buggy App

Sonos (SONO) shares slumped on Thursday, a day after the maker of headphones and home sound systems cut its guidance and delayed two hardware releases as it races to fix bugs in its app.

3 months ago - Investopedia

Sonos, Inc. (SONO) Q3 2024 Earnings Call Transcript

Sonos, Inc. (NASDAQ:SONO) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Corporate Participants James Baglanis - Head-Investor Relations Patrick Spence - Chief Executive Officer Saori Cas...

3 months ago - Seeking Alpha

Sonos Reports Third Quarter Fiscal 2024 Results

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported third quarter fiscal 2024 results. “Thanks to Ace, our long-awaited entry into headphones, we reported year over year ...

3 months ago - Business Wire

Sonos Announces Date for Third Quarter Fiscal 2024 Financial Results and Conference Call

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, August 7, 2024 the company will report financial results for the third quarter ...

4 months ago - Business Wire

Sonos Announces Participation in Maxim Group Virtual Tech Conference

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that Saori Casey, Chief Financial Officer, and James Baglanis, Head of Investor Relations and Treasury, will particip...

6 months ago - Business Wire

From Blackberry to Wall Street with Sonos' CEO: Opening Bid

Sonos (SONO) recently unveiled a completely overhauled redesign of its app, replacing the old version without notice, which received mixed reviews from its users. The company recently posted its secon...

6 months ago - Yahoo Finance

Sonos Picks a Good Time to Plug Into Headphones

The premium-headphone market is soaring while Sonos speaker sales are sagging, but the competition with Apple will be fierce.

6 months ago - WSJ

Sonos Makes its Highly-Anticipated Headphones Debut with Sonos Ace

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos announced the launch of its first-ever headphones, Sonos Ace, marking the brand's long-awaited entry into the personal listening category.

6 months ago - Business Wire

Sonos Reports Second Quarter Fiscal 2024 Results

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported second quarter fiscal 2024 results. “Thanks to the hard work of our team, and the strength of our brand and product po...

7 months ago - Business Wire

Sonos Unveils Completely Reimagined Sonos App, Bringing Services, Content and System Controls to One Customizable Home Screen

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos reveals its most extensive app redesign ever, allowing listeners to curate their content from over 100 services on one customizable Home screen.

7 months ago - Business Wire