|Day's range||16.55 - 16.55|
(Reuters) -Alphabet Inc's Google must pay $32.5 million in damages for infringing one of smart-speaker maker Sonos Inc's patents in its wireless audio devices, a San Francisco federal jury decided on Friday. The companies previously worked together to integrate Mountain View, California-based Google's streaming music service into Sonos products. Sonos last year won a limited import ban on some Google devices from the ITC, which Google has appealed.
Key Insights The projected fair value for Sonos is US$25.64 based on 2 Stage Free Cash Flow to Equity Current share...
Week to date, shares of Sonos (NASDAQ: SONO) were down 27% through Friday morning, according to data provided by S&P Global Market Intelligence. The last year has been challenging for this leading brand of wireless home audio products. While the quarter went about as management expected, the company reduced its full-year revenue guidance.
Shares of premium audio company Sonos (NASDAQ: SONO) got smacked down on Thursday after the company reported financial results for its latest quarter and lowered its full-year guidance. As of noon ET, Sonos stock was down 24%. After the market closed yesterday, Sonos reported financial results for its fiscal second quarter of 2023, which ended on April 1.
The stock market didn't get everything it wanted on Thursday morning, and share prices were broadly lower early in the trading session. Although losses for the Nasdaq Composite (NASDAQINDEX: ^IXIC) were minimal at about 0.2% as of 10 a.m. ET, other major market benchmarks lost more than 1%. One problem that has market participants worried is the ongoing crisis in the regional banking sector.
Investing.com -- Stocks were wobbling after disappointing streaming subscriber numbers at Walt Disney and amid renewed weakness in bank stocks. Here are the market movers for May 11.
Weak consumer demand affects Sonos' (SONO) second-quarter fiscal 2023 performance. Management lowers revenue guidance for fiscal 2023.
The Yahoo Finance Live team discusses the decline of Sonos shares on earnings amidst a slowdown in consumer demand and how investors are reacting.
At least four of the seven analysts covering Sonos cut their price targets. "While the revised guidance takes numbers lower, we have no reason to 'call the bottom' at this point," said Raymond James analyst Adam Tindle. Sonos said it now expects annual revenue of between $1.63 billion and $1.68 billion, compared with its prior range of $1.7 billion to $1.8 billion.
Investing.com -- Stocks in focus in premarket trade on Thursday, May 11th. Please refresh for updates.
Image source: The Motley Fool. Sonos (NASDAQ: SONO)Q2 2023 Earnings CallMay 10, 2023, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, everyone, and welcome to the Sonos second quarter fiscal 2023 conference call.
Investing.com -- Sonos (NASDAQ:SONO) shares fell 25% Thursday after the company lowered its outlook for the second half of the year.
Sonos (SONO) delivered earnings and revenue surprises of -71.43% and 3.52%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - U.S. stock futures remained relatively flat on Wednesday night, following a mixed session among benchmark averages as fresh CPI hinted at cooling inflation pressures.
Sonos Inc and Alphabet's Google LLC will face off in a San Francisco federal trial on Monday over claims that Google copied Sonos' patented smart-speaker technology in wireless audio devices like Google Home and Chromecast Audio. Sonos has asked the court for $90 million in damages from Google in the San Francisco case, down from $3 billion after U.S. District Judge William Alsup narrowed the case, according to a Google court filing.
Sonos (SONO) unveils Sonos Pro to help businesses remotely control sound systems across several locations.
The new offering is not a hardware product like its smart speakers, but instead a software offering that will allow companies to use those hardware products more easily. The company says that some of those features, built for businesses, will eventually be available to its normal consumer customers, too. The new tools were built after Sonos realised that a host of businesses were using its smart speakers – but that they lacked the advanced tools they need to control them in such environments, chief executive Patrick Spence told The Independent.
(Bloomberg) -- Sonos Inc., seeking new sources of recurring revenue, is launching a “Pro” service that allows businesses like coffee shops, retail stores and gyms to remotely manage groups of smart speakers. Most Read from BloombergElon Musk’s Wealth Plunges $13 Billion as Drama Unfolds Across EmpireAirline Blunder Sells $10,000 Asia-US Business Class Tickets for $300SpaceX Says It Blew Up Starship Rocket After Engine MishapMeet the Guy Who Scored $250,000 of Tickets for $17,000 After Airline Er
SANTA BARBARA, Calif., April 18, 2023--Sonos (Nasdaq: SONO) today announced Sonos Pro, a new flexible software as a service (SaaS) offering that makes it easy for businesses to deliver great sound across each of their locations. A new product category for Sonos, the subscription-based offering includes a simple dashboard to remotely manage a system across multiple locations, commercially-licensed music, personalized support, and more. The service works seamlessly with a business’ existing Sonos
Alphabet's Google received a mixed ruling on Thursday from a San Francisco federal judge in a patent lawsuit brought by Sonos Inc over wireless audio technology, failing to invalidate all of the patents before a trial but narrowing Sonos' claims. Sonos won a limited import ban on some Google devices from the U.S. International Trade Commission (ITC) last year, while Google has sued Sonos for patent infringement at the ITC and in California.
Powerful speaker with quality sound shows how to do immersive music right, if you can find a good track
Most readers would already be aware that Sonos' (NASDAQ:SONO) stock increased significantly by 18% over the past three...
Compact wifi hifi with big sound supports hundreds of music services, multiple voice assistants and looks the part
SONY vs. SONO: Which Stock Is the Better Value Option?
Sonos (SONO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.