Sonos, Inc. (SONO)
Market Cap | 2.01B |
Revenue (ttm) | 1.66B |
Net Income (ttm) | -10.27M |
Shares Out | 128.26M |
EPS (ttm) | -0.08 |
PE Ratio | n/a |
Forward PE | 64,011.44 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 3,214,120 |
Open | 15.04 |
Previous Close | 15.10 |
Day's Range | 14.95 - 15.72 |
52-Week Range | 9.78 - 21.98 |
Beta | 1.86 |
Analysts | Buy |
Price Target | 18.25 (+16.47%) |
Earnings Date | Nov 15, 2023 |
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. It offers wireless, portable, and home theater speakers; components; and accessories. The company 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. The company was formerly known as Rincon Audio, Inc. and changed its name to So... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for SONO stock is "Buy." The 12-month stock price forecast is $18.25, which is an increase of 16.47% from the latest price.
News

Sonos Reports Progress Made Against Climate Action Plan, Showcases Commitment to Product Longevity and Sustainability
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 (...

Sonos Announces Participation in Raymond James TMT and Consumer Conference
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that Patrick Spence, Chief Executive Officer, and Eddie Lazarus, Chief Financial Officer and Chief Legal Officer, wil...
Intel stocks jumps after upgrade, Sonos teases new product
Intel (INTC) shares close Thursday higher after Mizuho upgraded the stock to a "Buy" with a $50 price target, citing improvements to the company's data center roadmap and server product launches to co...

Sonos Announces $200 Million Stock Repurchase Program and Completion of Previous Stock Repurchase Program
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $200 million. Since September 2...

Sonos Reports Fourth Quarter and Fiscal 2023 Results
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (NASDAQ: SONO) today reported fourth quarter and fiscal 2023 results. Fiscal 2023 Financial Highlights (unaudited) Revenue decreased 5.5% year-over-...

Sonos's stock dinged as BofA ends bullish call
A BofA Securities analyst sounded caution on shares of Sonos Inc. Tuesday, downgrading the stock amid concerns about promotional activity and weakness in the consumer-electronics market.

Sonos Announces Date for Fourth Quarter and Fiscal 2023 Financial Results and Conference Call
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, November 15, 2023 the company will report financial results for the fourth quar...

Federal judge throws out $32.5 million win for Sonos against Google
A California judge has thrown out a $32.5 million verdict win for Sonos against Google after two of Sonos' patents were deemed unenforceable and invalid. As a result, Google has started to re-introduc...

Preparing for the opportunity ahead, Sonos bolsters Leadership Team
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today introduced new members of its executive management team. Deirdre Findlay joins as its new Chief Commercial Officer with respons...

Patrick Spence Joins Snap Inc. Board of Directors
SANTA MONICA, Calif.--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) announced today that Patrick Spence, Chief Executive Officer and member of the board of directors of Sonos, Inc. (NASDAQ: SONO), has been ...

Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound.
Trending stocks August 10, 2023: Yeti, Sonos, and Hanesbrands
Yahoo Finance anchors Brad Smith and Julie Hyman break down the latest market action following July's inflation data, plus the latest on today's trending stocks including Yeti, Sonos, and Hanesbrands.
Stock movers After hours August 9, 2023: Disney, Wynn Resorts, Sonos
Yahoo Finance anchors report on after hours stock movers for August 9, 2023 including Disney, Wynn Resorts, and Sonos.

Sonos stock rallies 20% after quarterly beat, but audio maker says market conditions have not returned to ‘normal'
Sonos Inc. SONO, -1.45% shares zoomed more than 10% higher in the extended session Wednesday after the maker of audio and home-theater equipment reported better-than-expected revenue for its fiscal th...

Sonos Reports Third Quarter Fiscal 2023 Results
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported third quarter fiscal 2023 results. Third Quarter 2023 Financial Highlights (unaudited) Revenue increased 0.4% year-ove...

Sonos Announces Date for Third Quarter Fiscal 2023 Financial Results and Conference Call
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, August 9, 2023 the company will report financial results for the third quarter ...

Sonos lays off 7%, or about 130 employees
Sonos expects to incur up to $14 million in restructuring costs in the third quarter.

Sonos to cut 7% of workforce and scale back real estate in cost cutting
Sonos Inc. SONO said Wednesday it's planning to cut 7% of its workforce and will scale back its real estate footprint and re-evaluate other spending. The speaker maker disclosed the news in a regulato...

Sonos Announces Participation in Baird Global Consumer, Technology & Services Conference
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that James Baglanis, Head of Investor Relations, will participate in the Baird Global Consumer, Technology & Services...
Sonos stock plunges following earnings beat, guidance cut on softening demand
The Yahoo Finance Live team discusses the decline of Sonos shares on earnings amid a slowdown in consumer demand and how investors are reacting.

Sonos shares crash as forecast fails to strike a chord
Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a turb...

Sonos Stock's Out of Tune After Disappointing Guidance
Guidance for 2023 revenue was reduced to between $1.63 billion and $1.68 billion. It was previously a range of $1.7 billion to $1.8 billion.

Sonos stock tanks 21% after audio equipment maker cuts guidance on ‘softening demand'
Shares of Sonos Inc. SONO dropped more than 20% in the extended session Wednesday after the maker of audio products beat expectations for its fiscal second quarter but cut guidance for the year due to...

Sonos Reports Second Quarter Fiscal 2023 Results
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today reported second quarter fiscal 2023 results. Second Quarter 2023 Financial Highlights (unaudited) Revenue decreased 23.9% year-...

Google, Sonos head to trial in contentious smart speaker patent fight
Sonos Inc and Alphabet's Google LLC will face off in a San Francisco federal trial on Monday over claims that Google copied Sonos' patented smart-speaker technology in wireless audio devices like Goog...