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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.

TODAY'S FREE FLY STORIES

UCBI

United Community Banks

$29.30

0.12 (0.41%)

17:02
10/22/19
10/22
17:02
10/22/19
17:02
Earnings
United Community Banks reports Q3 adjusted EPS 63c, consensus 58c »

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  • 23

    Oct

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    Nov

NEM

Newmont Goldcorp

$37.80

-0.17 (-0.45%)

17:01
10/22/19
10/22
17:01
10/22/19
17:01
Hot Stocks
Newmont Goldcorp starting production at Penasquito Mine in Mexico »

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  • 05

    Nov

ATR

AptarGroup

$116.78

-1.22 (-1.03%)

17:01
10/22/19
10/22
17:01
10/22/19
17:01
Hot Stocks
AptarGroup says Activ-Blister packaging solution approved by FDA »

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BUSE

First Busey

$25.45

0.05 (0.20%)

17:01
10/22/19
10/22
17:01
10/22/19
17:01
Earnings
First Busey reports Q3 adjusted EPS 55c, consensus 52c »

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  • 13

    Nov

SNAP

Snap

$14.00

-0.58 (-3.98%)

17:01
10/22/19
10/22
17:01
10/22/19
17:01
Hot Stocks
Snap says each daily active user opens Snapchat 30 times per day on average »

Says community grew to…

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  • 22

    Oct

  • 21

    Nov

SMH

Market Vectors Semiconductor

$123.51

-0.88 (-0.71%)

, TXN

Texas Instruments

$128.61

-2.32 (-1.77%)

16:57
10/22/19
10/22
16:57
10/22/19
16:57
Hot Stocks
Semiconductor stocks fall after Texas Instruments gives dismal outlook »

Shares of Market Vectors…

SMH

Market Vectors Semiconductor

$123.51

-0.88 (-0.71%)

TXN

Texas Instruments

$128.61

-2.32 (-1.77%)

INTC

Intel

$52.00

-0.12 (-0.23%)

QCOM

Qualcomm

$78.46

-0.5 (-0.63%)

TSM

TSMC

$50.66

0.65 (1.30%)

AVGO

Broadcom

$287.54

-2.03 (-0.70%)

NVDA

Nvidia

$195.52

-0.64 (-0.33%)

ASML

ASML

$255.32

-5.14 (-1.97%)

ADI

Analog Devices

$110.91

-0.18 (-0.16%)

LRCX

Lam Research

$234.91

-3.77 (-1.58%)

AMD

AMD

$31.51

-0.54 (-1.68%)

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  • 22

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    Nov

REED

Reed's

$0.70

-0.0297 (-4.07%)

16:51
10/22/19
10/22
16:51
10/22/19
16:51
Syndicate
Reed's announces common stock offering »

Reed's announced…

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16:45
10/22/19
10/22
16:45
10/22/19
16:45
Hot Stocks
Breaking Hot Stocks news story  »

PB Bancorp trading…

KRG

Kite Realty Group

$17.32

0.135 (0.79%)

16:42
10/22/19
10/22
16:42
10/22/19
16:42
Hot Stocks
Kite Realty Group completes disposition program 'fortifying' balance sheet »

Kite Realty Group…

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  • 06

    Nov

  • 12

    Nov

USO

United States Oil Fund

$11.35

0.145 (1.29%)

16:40
10/22/19
10/22
16:40
10/22/19
16:40
General News
API crude inventories for week of October 18 »

API reports that crude…

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LRN

K12

$24.84

-0.56 (-2.20%)

16:37
10/22/19
10/22
16:37
10/22/19
16:37
Hot Stocks
K12 reports Q1 adjusted EBITDA $3.3M vs. $8.8M last year »

Reports Q1 Enrollment in…

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  • 22

    Oct

BIIB

Biogen

$281.89

58.32 (26.09%)

, PG

Procter & Gamble

$122.19

3.15 (2.65%)

16:36
10/22/19
10/22
16:36
10/22/19
16:36
On The Fly
Fly Intel: Wall Street's top stories for Tuesday »

The major averages ended…

BIIB

Biogen

$281.89

58.32 (26.09%)

PG

Procter & Gamble

$122.19

3.15 (2.65%)

UTX

United Technologies

$141.42

3.18 (2.30%)

MCD

McDonald's

$199.26

-10.585 (-5.04%)

TRV

Travelers

$130.22

-11.55 (-8.15%)

UPS

UPS

$116.10

-2.46 (-2.07%)

BA

Boeing

$337.45

6.33 (1.91%)

STMP

Stamps.com

$90.77

14.65 (19.25%)

LYFT

Lyft

$43.60

2.74 (6.71%)

SERV

ServiceMaster

$44.78

-11.295 (-20.14%)

HAS

Hasbro

$100.00

-20.11 (-16.74%)

NFLX

Netflix

$266.69

-11.3 (-4.06%)

VZ

Verizon

$60.80

0.06 (0.10%)

DIS

Disney

$132.44

2.16 (1.66%)

03/08/13
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  • 05

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  • 19

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  • 21

    Nov

  • 09

    Dec

MTH

Meritage Homes

$74.88

0.23 (0.31%)

16:36
10/22/19
10/22
16:36
10/22/19
16:36
Earnings
Meritage Homes raises FY19 EPS view to $5.50-$5.70 from $5.20-$5.50 

Consensus $5.46.

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  • 23

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LRN

K12

$24.84

-0.56 (-2.20%)

16:34
10/22/19
10/22
16:34
10/22/19
16:34
Earnings
K12 sees Q2 revenue $255M-$260M , consensus $255.93M »

Sees Q2 CapEx $9.0M-$11M,…

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  • 22

    Oct

MTH

Meritage Homes

$74.88

0.23 (0.31%)

16:34
10/22/19
10/22
16:34
10/22/19
16:34
Earnings
Meritage Homes reports Q3 EPS $1.79, consensus $1.50 »

Reports Q3 revenue…

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  • 23

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LRN

K12

$24.84

-0.56 (-2.20%)

16:34
10/22/19
10/22
16:34
10/22/19
16:34
Earnings
K12 sees FY20 revenue $1.02B-$1.035B , consensus $1.03B »

Sees FY20 capital…

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  • 22

    Oct

MGNX

MacroGenics

$11.01

-0.37 (-3.25%)

16:34
10/22/19
10/22
16:34
10/22/19
16:34
Hot Stocks
MacroGenics says first primary endpoint of PFS achieved in Phase 3 SOPHIA study »

MacroGenics announced…

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  • 06

    Nov

AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

, MSFT

Microsoft

$136.39

-2.05 (-1.48%)

16:32
10/22/19
10/22
16:32
10/22/19
16:32
Hot Stocks
DoD's Esper removes himself from JEDI contract review, citing son's work »

Statement From Chief…

AMZN

Amazon.com

$1,766.07

-18.66 (-1.05%)

MSFT

Microsoft

$136.39

-2.05 (-1.48%)

03/08/13
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  • 23

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  • 06

    Nov

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    Nov

TRMK

Trustmark

$34.83

-0.15 (-0.43%)

16:32
10/22/19
10/22
16:32
10/22/19
16:32
Earnings
Trustmark reports Q3 EPS 64c, consensus 62c »

Reports Q3 net…

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  • 23

    Oct

  • 13

    Nov

FULT

Fulton Financial

$16.76

0.09 (0.54%)

16:32
10/22/19
10/22
16:32
10/22/19
16:32
Earnings
Fulton Financial reports Q3 EPS 37c, consensus 35c »

"Overall, we were…

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  • 23

    Oct

LRN

K12

$24.84

-0.56 (-2.20%)

16:32
10/22/19
10/22
16:32
10/22/19
16:32
Earnings
K12 reports Q1 EPS (25c), consensus (19c) »

Reports Q1 revenue…

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  • 22

    Oct

IBIO

iBio

$0.57

0.0722 (14.44%)

16:31
10/22/19
10/22
16:31
10/22/19
16:31
Earnings
iBio reports on NYSE American noncompliance notice, compliance plan »

iBio announced that on…

03/08/13
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NTB

Butterfield

$30.90

-0.09 (-0.29%)

16:31
10/22/19
10/22
16:31
10/22/19
16:31
Earnings
Butterfield reports Q3 core EPS 91c, consensus 91c »

Net interest income…

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  • 23

    Oct

LECO

Lincoln Electric

$88.21

1.14 (1.31%)

16:30
10/22/19
10/22
16:30
10/22/19
16:30
Hot Stocks
Lincoln Electric raises quarterly dividend 4.3% to 49c per share »

The dividend is payable…

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  • 30

    Oct

  • 12

    Nov

16:30
10/22/19
10/22
16:30
10/22/19
16:30
Options
Preliminary option volume of 17.7M today »

Preliminary option volume…

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