Sonos: The Latest Earnings Suggest The Worst Part Is Over [Seeking Alpha]
Sonos, Inc. (SONO)
Last sonos, inc. earnings: 2/5 04:05 pm
Check Earnings Report
Company Research
Source: Seeking Alpha
Management reiterated guidance for 2024 and announced a significant product launch that will reshape SONO's offering. Weak demand and tough market conditions have affected Sonos' growth, but the company expects growth to improve with new product launches. Sonos, Inc. ( NASDAQ: SONO ) reported its earnings on February 6, which was warmly welcomed news by the market that sent the stock up around 20% in two days. After our first coverage of Sonos in 2022, the stock is still down 28%. At that time, we expected strong topline growth to continue supported by the high brand premiumization of their customer base, which, however, did not materialize. We remain confident in the quality of this company and its products and believe that the worst is now behind us. Indeed, management reiterated guidance for 2024 and announced a significant product launch that will likely reshape the entire offering of Sonos to its loyal customer base. How we got here: the rollercoaster of Sonos share pric
Show less
Read more
Impact Snapshot
Event Time:
SONO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SONO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SONO alerts
High impacting Sonos, Inc. news events
Weekly update
A roundup of the hottest topics
SONO
News
- Sonos (SONO) Redesigns Sonos App to Boost User Experience [Yahoo! Finance]Yahoo! Finance
- Sonos Unveils Completely Reimagined Sonos App, Bringing Services, Content and System Controls to One Customizable Home ScreenBusiness Wire
- Sonos Announces Date for Second Quarter Fiscal 2024 Financial Results and Conference CallBusiness Wire
- US court allows Google speaker imports in Sonos patent fight [Reuters]Reuters
- Home Audio Components Market to Reach $64.4 Billion, Globally, by 2032 at 11.1% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
SONO
Earnings
- 2/6/24 - Beat
SONO
Sec Filings
- 4/12/24 - Form 4
- 4/10/24 - Form 144
- 4/8/24 - Form 4
- SONO's page on the SEC website