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Sonos Inc - SONO STOCK NEWS

Welcome to our dedicated news page for Sonos (Ticker: SONO), a resource for investors and traders seeking the latest updates and insights on Sonos.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sonos's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sonos's position in the market.

News
Sonos Reports Progress Made Against Climate Action Plan, Showcases Commitment to Product Longevity and Sustainability
Rhea-AI Summary
Sonos (NASDAQ: SONO) released its 2023 Listen Better Report, focusing on sustainability, social impact, and diversity, equity, and inclusion. The report outlines the company's Climate Action Plan, commitment to carbon neutrality and net zero by 2040, responsible product design, sustainable packaging, and philanthropic efforts. Sonos also emphasizes privacy and advances in diversity, equity, and inclusion initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
none
-
News
Sonos Announces Participation in Raymond James TMT and Consumer Conference
Rhea-AI Summary
Sonos, Inc. (SONO) CEO Patrick Spence and CFO Eddie Lazarus will participate in the Raymond James TMT and Consumer Conference on Dec. 4. Patrick will join the Innovation in Consumer Technology panel discussion with Arlo's CEO. A live webcast and replay of the fireside chat will be available on Sonos' and Arlo's Investor Relations websites.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
none
-
News
Sonos Announces $200 Million Stock Repurchase Program and Completion of Previous Stock Repurchase Program
Rhea-AI Summary
Sonos, Inc. (Nasdaq: SONO) has announced a $200 million common stock repurchase program, following the completion of $350 million in stock repurchases since September 2019. The company repurchased approximately 6.6 million shares at an average price of $15.25 per share, aiming to return capital to shareholders and offset dilution from compensation plans. The program allows for discretionary purchases through various means, with no specified time limit, number of shares, and potential for modification, suspension, or discontinuation at the company’s discretion. Repurchases will be funded from existing cash or future cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.09%
Tags
buyback
News
Sonos Reports Fourth Quarter and Fiscal 2023 Results
Rhea-AI Summary
Sonos, Inc. (NASDAQ: SONO) reported a 5.5% year-over-year revenue decrease to $1,655.3 million in fiscal 2023. Gross margin decreased 220 basis points. GAAP net loss was $10.3 million, and non-GAAP net income was $121.4 million. In the fourth quarter, revenue decreased 3.5% to $305.1 million, with a gross margin increase of 270 basis points. Sonos CEO Patrick Spence expressed confidence in the company's market share and product portfolio, emphasizing a focus on returning to growth in Fiscal 2024 and entering a new product cycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.09%
Tags
earnings
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News
Sonos Announces Date for Fourth Quarter and Fiscal 2023 Financial Results and Conference Call
Rhea-AI Summary
Sonos, Inc. will report financial results for Q4 and fiscal year 2023 on November 15, 2023. A conference call and Q&A will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
earnings
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News
Preparing for the opportunity ahead, Sonos bolsters Leadership Team
Rhea-AI Summary
Sonos introduces new members to its executive management team, including Deirdre Findlay as Chief Commercial Officer, Dunja LaRosa as Chief Revenue Officer, and Maxime Bouvat-Merlin as Chief Product Officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
management
News
Patrick Spence Joins Snap Inc. Board of Directors
Rhea-AI Summary
Patrick Spence appointed to Snap's board of directors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
management
-
News
Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound
Rhea-AI Summary
Sonos debuts Move 2, the next generation portable speaker with stereo sound and sustainable design
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News
Sonos Reports Third Quarter Fiscal 2023 Results
Rhea-AI Summary
Sonos reports Q3 2023 results, with revenue of $373.4 million and a net loss of $23.6 million. Revised fiscal 2023 outlook shows a decline in revenue and adjusted EBITDA compared to previous outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.39%
Tags
earnings
News
Sonos Announces Date for Third Quarter Fiscal 2023 Financial Results and Conference Call
Rhea-AI Summary
Sonos, Inc. (Nasdaq: SONO) will report financial results for Q3 2023 on August 9, 2023. The company will issue a press release and slide presentation, followed by a conference call and Q&A session at 5:00 p.m. Eastern Time. A live webcast and replay will be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.83%
Tags
earnings
Stock SONO logo
Sonos Inc

Nasdaq:SONO

SONO Rankings

#1839 Ranked by Market Cap
#4277 Ranked by Stock Gains
N/A Ranked by Dividends

SONO Stock Data

2.16B
114.70M
1.82%
92.14%
5.18%
Audio and Video Equipment Manufacturing
Manufacturing
Link
US
Santa Barbara

About SONO

in 2002, we set out with a goal – to reinvent home audio for the digital age. our vision was simple - fill every home with music and make listening a valued experience again. we’re making it easy for everybody to listen to the music they love in every room of their home. to hear the songs they love, to discover new music they never knew existed, and to appreciate it all with the highest sound quality. we’re doing it all over the world – in more than 60 countries, in seven languages through thousands of retailers. we’re constantly looking for ways to improve the experience – with new products, new software and continually investing in ways to provide our customers the best experience possible. we’re doing what we set out to do. changing the way people listen to music – one home at a time.