Sonos Launches Headphones to Propel Growth
TipRanks (Wed, 22-May 5:35 AM ET)
Sonos Makes its Highly-Anticipated Headphones Debut with Sonos Ace
Business Wire (Tue, 21-May 9:00 AM ET)
Sonos Reports Second Quarter Fiscal 2024 Results
Business Wire (Tue, 7-May 4:05 PM ET)
Business Wire (Tue, 23-Apr 9:00 AM ET)
Sonos Announces Date for Second Quarter Fiscal 2024 Financial Results and Conference Call
Business Wire (Tue, 16-Apr 4:34 PM ET)
Sonos Announces Participation in Morgan Stanley Technology, Media & Telecom Conference
Business Wire (Mon, 26-Feb 4:05 PM ET)
Sonos Inc is engaged in providing home sound systems. The company's product profile includes speaker sets and other accessories like boost, mounts, stands, and cables and networking. Geographically, the company operates in the Americas, Europe, the Middle East and Africa, and the Asia Pacific. Generating a majority of its revenue from the Americas.
Sonos trades on the NASDAQ stock market under the symbol SONO.
As of May 24, 2024, SONO stock price climbed to $16.24 with 1,226,482 million shares trading.
SONO has a beta of 2.04, meaning it tends to be more sensitive to market movements. SONO has a correlation of 0.29 to the broad based SPY ETF.
SONO has a market cap of $2.02 billion. This is considered a Mid Cap stock.
Last quarter Sonos reported $253 million in Revenue and -$.34 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.12.
In the last 3 years, SONO stock traded as high as $42.57 and as low as $9.78.
The top ETF exchange traded funds that SONO belongs to (by Net Assets): IJR, VTI, VB, CALF, IWM.
SONO has underperformed the market in the last year with a price return of +7.7% while the SPY ETF gained +29.5%. SONO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.7% and -5.9%, respectively, while the SPY returned +4.6% and +1.8%, respectively.
SONO support price is $15.70 and resistance is $16.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SONO stock will trade within this expected range on the day.