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SONO

Sonos

$19.96

-0.18 (-0.89%)

12:05
08/29/18
08/29
12:05
08/29/18
12:05

Sonos Unveils Sonos Amp to power smart home entertainment

Sonos unveiled the all-new Sonos Amp, a powerful and versatile home audio hub that powers traditional wired speakers with sound from nearly any source, and fully integrates these speakers into Sonos' easy-to-use wireless home sound system. The all-new Amp is twice as powerful as its predecessor, supports Apple's AirPlay 2 and more than 100 streaming services, and includes an HDMI Arc port for TVs. Launching globally in February 2019, the $599 Amp will be available to professional installers in the United States and Canada starting Dec. 1. Amp is designed to fit perfectly into standard AV racks used by custom install professionals, and can power up to four speakers with 125 watts per channel-more than enough for even the most demanding set-ups. Onboard HDMI and line-in ports means TVs, turntables, CD changers, and other audio components can easily connect with Amp and become part of the Sonos system.

  • 10

    Sep

SONO Sonos
$19.96

-0.18 (-0.89%)

08/27/18
RBCM
08/27/18
INITIATION
Target $25
RBCM
Outperform
Sonos initiated with an Outperform at RBC Capital
RBC Capital analyst Amit Daryanani initiated Sonos with an Outperform rating and a price target of $25. The analyst cites the company's "open platform, exposure to music streaming and strong customer engagement", anticipating these drivers to produce long-term double digit growth and potential margin expansion. The analyst also notes Sonos' better future growth visibility from its "land & expand model", along with upside optionality coming from its new production innovation and a shift to adjacent markets.
08/27/18
MSCO
08/27/18
INITIATION
Target $20
MSCO
Equal Weight
Sonos initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Katy Huberty started Sonos (SONO) with an Equal Weight rating and $20 price target, stating that she believes timely launches and consumer receptivity to new products will be the most important drivers of earnings growth. She thinks the multiple will contract similar to how Fitbit (FIT) and GoPro's (GPRO) did after their initial product missteps if Sonos' new products fail to meet expectations, but the stock could trade closer to companies such as Logitech (LOGI) and Garmin (GRMN) if new products outperform. Given this wide risk/reward, she would prefer to await evidence of Beam or other new products beating forecasts, Huberty tells investors in her initiation note.
08/27/18
JEFF
08/27/18
INITIATION
Target $23
JEFF
Hold
Sonos initiated with a Hold at Jefferies
Jefferies analyst Brent Thill started Sonos (SONO) with a Hold rating and $23 price target. The company's products offer a "phenomenal" experience and its penetration of 7M homes is very low, Thill tells investors in a research note. However, the analyst finds it difficult to see "breakout growth" given Sonos' premium priced hardware with low recurring revenue. He adds that bears on the stock will offer GoPro (GPRO) and Fitbit (FIT) as comparisons to Sonos.
08/27/18
08/27/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rigel Pharmaceuticals (RIGL) initiated with a Buy at Citi. 2. Sonos (SONO) initiated with a Buy at Goldman Sachs, an Outperform at RBC Capital, an Equal Weight at Morgan Stanley, as well as a Hold at Stifel and Jefferies. 3. Cushman & Wakefield (CWK) initiated with an Overweight at Barclays, JPMorgan, and Morgan Stanley, an Outperform at William Blair, JMP Securities, and Credit Suisse, a Buy at Goldman Sachs and BofA/Merrill, as well as a Neutral at Citi. 4. Talos Energy (TALO) initiated with an Overweight at Capital One. 5. VirTra (VTSI) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

R

Ryder

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-0.04 (-0.05%)

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BZH

Beazer Homes

$11.08

-0.015 (-0.14%)

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MCO

Moody's

$172.88

-2.66 (-1.52%)

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FCFS

First Cash Financial

$83.03

0.625 (0.76%)

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OKE

Oneok

$68.44

0.565 (0.83%)

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16:30
09/25/18
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Options
Preliminary option volume of 15.6M today »

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MOR

MorphoSys

$27.13

0.315 (1.17%)

16:28
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NITE

Nightstar Therapeutics

$20.35

-0.97 (-4.55%)

16:26
09/25/18
09/25
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16:26
Syndicate
Nightstar Therapeutics files to sell 4M American Depositary Shares »

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  • 03

    Oct

NITE

Nightstar Therapeutics

$20.35

-0.97 (-4.55%)

16:24
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16:24
Syndicate
Nightstar Therapeutics files to sell 4M American Depositary Shares »

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  • 03

    Oct

VSTM

Verastem

$7.15

-1.74 (-19.57%)

16:23
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ICCC

Immucell

$8.35

-0.155 (-1.82%)

16:22
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  • 15

    Nov

ICCC

Immucell

$8.35

-0.155 (-1.82%)

16:22
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  • 15

    Nov

VSTM

Verastem

$7.15

-1.74 (-19.57%)

16:21
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  • 01

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LOXO

Loxo Oncology

$166.80

3.73 (2.29%)

16:21
09/25/18
09/25
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Loxo Oncology announces LOXO-292 durability update »

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  • 25

    Sep

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
09/25/18
09/25
16:20
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16:20
Options
Closing CBOE SPX and VIX Index summary for September 25th »

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NKE

Nike

$84.79

0.52 (0.62%)

16:19
09/25/18
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Hot Stocks
Breaking Hot Stocks news story on Nike »

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  • 25

    Sep

KBH

KB Home

$25.29

-0.24 (-0.94%)

16:19
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Breaking Hot Stocks news story on KB Home »

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  • 25

    Sep

TRN

Trinity Industries

$36.78

-0.37 (-1.00%)

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CASH

Meta Financial

$84.15

1.45 (1.75%)

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CTAS

Cintas

$212.99

1.81 (0.86%)

16:18
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Earnings
Cintas raises FY19 EPS view to $7.19-$7.29 from $7.00-$7.15, consensus $7.16 »

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  • 25

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NKE

Nike

$84.79

0.52 (0.62%)

16:18
09/25/18
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Hot Stocks
Nike reports Q1 North America revenue $4.145B, up 6% »

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  • 25

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MRCY

Mercury Systems

$53.93

1.17 (2.22%)

16:17
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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Technical Analysis
NASDAQ market internals summary »

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KORS

Michael Kors

$68.01

1.3 (1.95%)

, CPRI

Capri Holdings

$0.00

(0.00%)

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General news
Fly Intel: Wall Street's top stories for Tuesday »

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KORS

Michael Kors

$68.01

1.3 (1.95%)

CPRI

Capri Holdings

$0.00

(0.00%)

FB

Facebook

$164.94

-0.46 (-0.28%)

SQ

Square

$95.40

9.34 (10.85%)

PAYX

Paychex

$73.72

-0.84 (-1.13%)

ADP

ADP

$148.80

-0.32 (-0.21%)

SONC

Sonic

$43.46

6.85 (18.71%)

GM

General Motors

$33.57

-1.175 (-3.38%)

F

Ford

$9.39

-0.195 (-2.03%)

FCAU

Fiat Chrysler

$18.00

-0.315 (-1.72%)

BMWYY

BMW

$0.00

(0.00%)

XOXO

XO Group

$34.91

7.29 (26.39%)

ASNA

Ascena Retail

$4.47

0.45 (11.19%)

TGTX

TG Therapeutics

$5.13

-4.125 (-44.59%)

CTL

CenturyLink

$21.05

-1.85 (-8.08%)

TMUS

T-Mobile

$69.46

0.53 (0.77%)

S

Sprint

$6.40

0.01 (0.16%)

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NKE

Nike

$84.79

0.52 (0.62%)

16:16
09/25/18
09/25
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16:16
Hot Stocks
Nike reports Q1 Nike Brand revenue $9.4B, up 10% »

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