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SONO

Sonos

$14.52

1.13 (8.44%)

09:03
09/03/19
09/03
09:03
09/03/19
09:03

Sonos approves $50M share repurchase program

Sonos announced that its Board of Directors has authorized a common stock repurchase program of up to $50M. Under the repurchase program, Sonos may purchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions or other means. Repurchases under this program will be funded from the company's existing cash and cash equivalents or future cash flow. As of June 29 Sonos had net cash of $298.5M. Sonos had approximately 106.3 million shares of common stock outstanding as of July 27.

SONO Sonos
$14.52

1.13 (8.44%)

05/21/19
DADA
05/21/19
NO CHANGE
Target $20
DADA
Buy
Sonos's hiring of Anki engineers positive for its development, says DA Davidson
DA Davidson analyst Matt Summerville kept his Buy rating and $20 price target on Sonos, saying the company's confirmed Axios report that it hired engineering talent from defunct toy robot maker Anki is a positive. The analyst believes that the hiring is a "shrewd" decision by Sonos management and will have a positive impact on its development efforts. Summerville further cites Anki's "impressive accomplishments" of 6.5M device sales and over 19M mobile handsets connected, adding that the incremental development experience in hardware and software from the hiring could increase Sonos' useful lifetime of its hardware via software updates.
08/19/19
RAJA
08/19/19
UPGRADE
RAJA
Strong Buy
Sonos upgraded to Strong Buy from Outperform at Raymond James
08/19/19
08/19/19
UPGRADE

Strong Buy
Sonos upgraded to Strong Buy as it scales to outside markets at Raymond James
As previously reported, Raymond James upgraded Sonos to Strong Buy from Market Perform and established a $19 price target. Analyst Adam Tindle sees a "free option" on Sonos' product roadmap over the next few quarters as the company scales beyond its existing markets. Tindle is encouraged by early IKEA partnership checks and thinks it could "prime the pump" for future Sonos purchases. The analyst anticipate further product announcements, one potentially at the end of August, that will further scale Sonos "outside the home."
08/19/19
08/19/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Aramark (ARMK) upgraded to Buy from Neutral at Nomura Instinet and to Buy from Hold at Stifel. 2. Sonos (SONO) upgraded to Strong Buy from Outperform at Raymond James with analyst Adam Tindle saying he sees a "free option" on Sonos' product roadmap over the next few quarters as the company scales beyond its existing markets. 3. Deckers Brands (DECK) upgraded to Buy from Hold at Pivotal Research with analyst Mitch Kummetz saying there are now early indications that October/November weather could be favorable, which would suggest potential upside to Deckers' FY20 sales and gross margin guidance, adding that he continues to like what's happening with Hoka as brand momentum remains strong through the first half of the second quarter, with this being another source of potential upside to the year. 4. Aecom (ACM) double upgraded to Overweight from Equal Weight at Barclays with analyst Adam Seiden saying the company has among the lowest exposure to trade in his coverage and also has "an activist put." 5. ON Semiconductor (ON) double upgraded to Strong Buy from Market Perform at Raymond James with analyst Chris Caso citing reset expectations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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XLRN

Acceleron

$44.67

0.75 (1.71%)

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PNRL

Paringa Resources

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RBNC

Reliant Bancorp

$24.70

0.16 (0.65%)

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ORCL

Oracle

$53.12

-0.64 (-1.19%)

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-0.64 (-1.19%)

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  • 10

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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

, BBCP

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BBCP

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GLW

Corning

$30.04

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XLRN

Acceleron

$44.67

0.75 (1.71%)

SHOP

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$337.93

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KHC

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$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

19:03
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3G Capital sells 25.1M shares of Kraft Heinz »

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

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Kraft Heinz's Lemann acquires nearly 3.5M common shares »

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  • 01

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HMSY

HMS Holdings

$37.14

0.24 (0.65%)

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ICAD

iCAD

$6.89

-0.01 (-0.14%)

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GLW

Corning

$30.04

-0.12 (-0.40%)

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Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
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GLW

Corning

$30.04

-0.12 (-0.40%)

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WE

We Company

$0.00

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GM

General Motors

$37.21

-1.62 (-4.17%)

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

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Hamilton Lane vice chairman sells 150K shares of common stock »

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  • 26

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Conference/Events
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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

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Hamilton Lane chairman sells 78.5K shares of common »

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  • 26

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GD

General Dynamics

$190.91

0.98 (0.52%)

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$37.25

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  • 27

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