Why Sonos Stock Was Moving Higher Today
Shares of Sonos (NASDAQ: SONO), the maker of Bluetooth-enabled sound bars, speakers, and other audio equipment, were moving higher today after the company delivered better-than-expected results in its fiscal first-quarter earnings report. The company also said it would cut 12% of its workforce as part of an ongoing restructuring, as sales are still declining even as it beat estimates.
As of 3:01 p.m. ET, the stock was up 4.5% on the news after gaining as much as 10% earlier in the session.
Image source: Sonos.
Source Fool.com
Sonos Inc Aktie
13,77 €
0,73 %
Mehrere Buy-Einschätzungen geben Sonos Inc den Vorteil, ohne Sell-Einschätzungen.
Das Community-Kursziel von 18 € für Sonos Inc deutet auf eine deutliche Steigerung um mehr als 20% gegenüber dem aktuellen Kurs von 13.77 € hin.
