Sonos, Inc. Common Stock (SONO)
Sonos, Inc. is a consumer electronics company known for its wireless speakers and home sound systems. Founded in 2002, the company specializes in multi-room audio technology, enabling users to stream music and audio content seamlessly throughout their homes through a connected ecosystem. Sonos is recognized for its high-quality sound, user-friendly design, and integration with various music streaming services.
Company News
The Wireless Audio Device Market is expected to grow from $56.5 billion in 2024 to $70.9 billion by 2029, with a 4.7% CAGR. Growth is driven by increasing demand for portable, high-quality audio solutions across consumer, home audio, and automotive applications.
Sonos, the maker of audio equipment, reported better-than-expected Q1 results but also announced a 12% workforce reduction as part of a restructuring. The stock rose on the news, though sales are still declining.
Sonos director Joanna Coles sold 905 shares of the company's common stock at $15 per share, totaling over $13,575. The sale was executed under a prearranged trading plan, and Coles still owns 20,949 shares after the transaction.
Sonos (SONO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The 2024 iHeartRadio Music Awards saw performances from a diverse range of artists across genres. Ludacris, Justin Timberlake, Green Day, TLC, Jelly Roll, Lainey Wilson, Tate McRae, and Latto all performed at a spectacular event that showcased the immense talent of the music industry. Speaking of the talent and variety, this year's host, Ludacris, said ahead of the event, “I love that you got Jelly Roll on here, you got Lainey Wilson, you got Justin Timberlake. I just want to be a part of greatness. There’s so much talent, so much energy and so much stuff to look forward to." Certain artists were honored with pre-announced awards; Beyonce took home the Innovator Award, while Jennifer Hudson joined Cher in a duet of "Believe," as the pop legend received the Icon Award. Full story available on Benzinga.com