Sonos announces record revenue and profit in the first quarter
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Sonos Inc. (SONO) PT Lowered to $19 at Raymond James
February 7, 2019 7:33 AM ESTRaymond James analyst Adam Tindle lowered the price target on Sonos Inc. (NASDAQ: SONO) to $19.00 (from $21.00) while maintaining a Outperform rating.
Tindle said bears are likely to focus on 1) channel inventory workdown that impacts timing of revenue (though no changes to FY19); and 2) a CFO retirement announcement.
... MoreSonos (SONO) Tops Q1 EPS by 15c, notes reduced sell-through velocity toward end of Q1
February 6, 2019 4:10 PM EST(Updated - February 6, 2019 4:51 PM EST)
Sonos (NASDAQ: SONO) reported Q1 EPS of $0.55, $0.15 better than the analyst estimate of $0.40. Revenue for the quarter came in at $496 million versus the consensus estimate of $490.53 million.
FY 2019 outlook We are reaffirming the full-year FY19 guidance we... More