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Why Sonos Stock Was Moving Higher Today

TheMotleyFool 
0 0 06.02.25
Why Sonos Stock Was Moving Higher TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png
 

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.

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Source Fool.com

Sonos Inc Stock

€14.10
-0.830%
Sonos Inc shows a slight decrease today, losing -€0.120 (-0.830%) compared to yesterday.
Sonos Inc is currently one of the favorites of our community with 9 Buy predictions and no Sell predictions.
With a target price of 18 € there is a positive potential of 27.7% for Sonos Inc compared to the current price of 14.1 €.
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