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SONM

Sonim

$3.76

-3.36 (-47.19%)

08:13
09/11/19
09/11
08:13
09/11/19
08:13

Sonim price target lowered to $6 from $18 at Oppenheimer

Oppenheimer analyst Andrew Uerkwitz lowered his price target for Sonim to $6 from $18 as a large new customer lowered sales forecasts, delayed subsidies, and has been slower than expected in stocking retail locations. Additionally, the analyst notes that the company experienced technical challenges in both the XP8 smartphone and accessory-related issues in its feature phones. Finally, working through these issues has slowed down rollouts to smaller carrier customers, he adds, highlighting that sales momentum has slowed and guidance was significantly cut. He reiterates an Outperform rating on the shares.

  • 12

    Sep

  • 01

    Oct

  • 02

    Oct

SONM Sonim
$3.76

-3.36 (-47.19%)

07/18/19
RILY
07/18/19
INITIATION
Target $17
RILY
Buy
Sonim initiated with a Buy at B. Riley FBR
B. Riley FBR started Sonim Technologies with a Buy rating and $17 price target.
07/18/19
07/18/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Sysco (SYY) initiated with an Underweight at Consumer Edge. 2. Sonim (SONM) initiated with a Buy at B. Riley FBR. 3. Ingevity (NGVT) initiated with an Outperform at BMO Capital. 4. Clarivate Analytics (CCC) initiated with a Neutral at Citi. 5. Photronics (PLAB) initiated with an Outperform at Northland. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/19
RILY
07/18/19
INITIATION
RILY
B. Riley FBR starts Sonim at Buy on rugged mobile device growth
B. Riley FBR analyst Zack Silver earlier today initiated coverage of Sonim Technologies with a Buy rating and $17 price target. The stock in morning trading is down 11c to $13.64. The analyst believes Sonim will continue to capture rugged mobile device market share in the U.S. and Canada, and that government agencies and industrial firms will continue to replace "cumbersome" legacy devices built for land mobile radio networks in exchange for mobile devices built for commercial long term evolution networks. This will drive overall rugged mobile device market expansion, Silver writes in a research note. He believes these two levers alone are enough to drive mid-20% annual revenue growth and mid-50% annual EBITDA growth over the next several years for Sonim.
07/25/19
LSCM
07/25/19
NO CHANGE
Target $19
LSCM
Buy
Sonim results reinforce 'strong growth story,' says Lake Street
Lake Street analyst Jaeson Schmidt believes Sonim Technologies' "solid" Q2 results reinforce the company's "strong growth story." He thinks investors will find a lot to like in the report as revenue came in above estimates, the midpoint of Q3 revenue guidance was better, and the midpoints of revenue and adjusted EBITDA margin for the full year beat expectations. The analyst continues to believe the Sonim can grow 25%-plus in each of the next three years. Schmidt reiterates a Buy rating on the shares with a $19 price target.

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