Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was founded in 2002 and is headquartered in Santa Barbara, California.
IPO Year: 2018
Exchange: NASDAQ
Website: sonos.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/26/2024 | $25.00 → $11.00 | Overweight → Underweight | Morgan Stanley |
| 8/8/2024 | $25.00 → $10.00 | Buy → Hold | Craig Hallum |
| 12/12/2023 | $17.00 → $20.00 | Equal-Weight → Overweight | Morgan Stanley |
| 11/7/2023 | $20.00 → $12.00 | Buy → Neutral | BofA Securities |
| 9/20/2023 | $20.00 | Buy | Rosenblatt |
| 9/8/2023 | $20.00 | Buy | Craig Hallum |
| 6/15/2022 | $38.00 → $28.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/3/2022 | $49.00 → $45.00 | Overweight | Morgan Stanley |
| 12/9/2021 | $53.00 → $49.00 | Overweight | Morgan Stanley |
| 8/16/2021 | $43.00 → $50.00 | Hold → Buy | Jefferies |
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8-K - Sonos Inc (0001314727) (Filer)
SCHEDULE 13G/A - Sonos Inc (0001314727) (Subject)
8-K - Sonos Inc (0001314727) (Filer)
8-K - Sonos Inc (0001314727) (Filer)
8-K/A - Sonos Inc (0001314727) (Filer)
8-K - Sonos Inc (0001314727) (Filer)
8-K - Sonos Inc (0001314727) (Filer)
S-8 - Sonos Inc (0001314727) (Filer)
10-Q - Sonos Inc (0001314727) (Filer)
8-K - Sonos Inc (0001314727) (Filer)
Sonos, Inc. (NASDAQ:SONO) today announced that it has appointed Hugo Barra to its Board of Directors effective April 7, 2025. Mr. Barra is the co-founder and head of product at /dev/agents, a software company building a next-generation operating system for AI agents. "Hugo is a world-class technologist with senior executive experience at several of the most important and successful consumer tech companies," said Julius Genachowski, Chair of the Sonos Board. "He has a proven ability to turn cutting-edge innovation into great products - a great fit for Sonos. With his deep expertise, including in AI, we're excited to have him on the Board, engaging with the leadership team and adding value."
Patrick Spence to Step Down as CEO and Board Member Tom Conrad Appointed Interim CEO Sonos, Inc. (NASDAQ:SONO) today announced that the Sonos Board of Directors and Patrick Spence have agreed that Mr. Spence will step down as Chief Executive Officer (CEO) and as a member of the Board effective today. The Board has appointed Tom Conrad, an independent member of the Board since 2017, as Interim CEO, also effective as of today. The Board has initiated a search for its next CEO with the assistance of a leading executive search firm, and is committed to identifying a leader who will build on the Sonos legacy of innovation and excellence in serving its customers while also driving profitable
Bracken's appointment bolster Sonos' Board of world-class leaders Sonos, Inc. (NASDAQ:SONO) today announced the appointment of Bracken Darrell, President and CEO of VF Corporation, to its Board, effective Feb. 12, 2024. "With Bracken's excellent track record leading world-class product companies and his deep experience in our space, we are delighted to welcome him to the Board. We're excited about the value he can add as Sonos continues its journey to become the world's leading sound experience company," said Julius Genachowski, Chair of the Sonos Board. Bracken has a long history and proven experience in business leadership, product innovation, and brand management roles. Prior to jo
Jonathan's appointment bolsters Sonos board of world-class leaders Sonos, Inc. (NASDAQ:SONO) today announced the appointment of Jonathan Mildenhall, Chief Marketing Officer of the Rocket Companies, to its board, effective Jan. 25, 2024. "With his outstanding experience building exceptional brands, Jonathan will make great contributions as Sonos continues its journey to become the world's leading sound experience company," said Julius Genachowski, Chair of the Sonos Board. Prior to joining the Rocket Companies as Chief Marketing Officer, Jonathan co-founded TwentyFirstCenturyBrand, one of the most influential brand-building companies, and has a long history in leadership, brand-buildin
Current CFO and CLO Eddie Lazarus to assume Chief Legal and Strategy Officer role Sonos, Inc. (NASDAQ:SONO) today announced that industry leading corporate finance executive Saori Casey will join the company's executive leadership team as its new Chief Financial Officer, effective January 22, 2024. Saori will oversee all financial, accounting, real estate, technology, and investor relations functions within the company. Saori succeeds current CFO Eddie Lazarus, who will take on the new role of Chief Strategy Officer while retaining existing duties as Chief Legal Officer. Saori brings more than 30 years of corporate finance experience, with nearly 13 years serving as Vice President of Fi
Snap Inc. (NYSE:SNAP) announced today that Patrick Spence, Chief Executive Officer and member of the board of directors of Sonos, Inc. (NASDAQ:SONO), has been appointed to the company's board of directors, effective as of September 14, 2023. "We are excited to welcome Patrick to Snap's board and we are grateful for the opportunity to benefit from his extensive experience building innovative products," said Evan Spiegel, co-founder and Chief Executive Officer of Snap Inc. "Patrick brings a wealth of experience and expertise to Snap," said Michael Lynton, Chairperson of the board of directors of Snap Inc. "We look forward to benefiting from his unique perspective and insights in the years
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced the retirement of Robert Bach and John Maeda from the company’s board of directors, effective December 3, 2020. The company previously announced the addition of Panos Panay, chief product officer of Microsoft; Deirdre Findlay, chief marketing officer of Conde Nast; and Joanna Coles, former chief content officer of Hearst Magazines, to its board of directors earlier this year. The Sonos Board of Directors will consist of eight members total, effective December 3, 2020. “Over their long tenures, both Robbie and John have made tremendous contributions to Sonos’ evolution into a thriving public company
Q2 revenue at high end of guidance range, Adjusted EBITDA above high end due to significant year over year expense declines Sonos, Inc. (NASDAQ:SONO) today reported Second Quarter Fiscal 2025 results. "We made significant progress in Q2 across our top initiatives," said Tom Conrad, Sonos Interim Chief Executive Officer. "We're firmly on track in restoring the reliability and responsiveness our customers expect, with nine major software updates delivered in the last 120 days and more on the way. We're actively navigating the evolving tariff landscape with operational discipline and flexibility and we're reinvigorating demand through strategic pricing on Era 100, one of our most popular gat
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Wednesday, May 7, 2025 the company will report financial results for the second quarter ended March 29, 2025. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 4:30 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the same lin
Q1 revenue near high-end of guidance range, announced reduction in force Sonos, Inc. (NASDAQ:SONO) today reported First Quarter Fiscal 2025 results. "Yesterday we implemented important organizational changes that mark the start of a new chapter of efficiency and growth for Sonos," said Tom Conrad, Sonos Interim CEO. "I see tremendous opportunity in front of us. The team and I are hard at work improving the core experience for our customers while designing the next set of Sonos products and innovations. It's an honor to show up every day to do this work with the talented Sonos team." "Our Q1 results show our team's commitment to execution as we navigate a difficult environment," commen
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Thursday, February 6, 2025 the company will report financial results for the first quarter ended December 28, 2024. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 4:15 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the s
Sonos, Inc. (NASDAQ:SONO) today reported fourth quarter and fiscal 2024 results. "Thanks to our team going all-in on our app recovery efforts, we made significant progress in bringing the quality of our software to a level that we're all proud of, which enabled us to launch our highly anticipated new products, Arc Ultra and Sub 4, in time for the holidays," Sonos CEO Patrick Spence commented. "Initial feedback on our new products has been very positive, which, along with the introduction of Ace earlier this year, makes our product lineup the strongest it's ever been. Sonos is still the best home audio system, and we're focused on using this industry-leading product lineup to acquire more
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Wednesday, November 13, 2024 the company will report financial results for the fourth quarter and fiscal year ended September 28, 2024. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 5:00 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be avai
Sonos, Inc. (NASDAQ:SONO) today reported third quarter fiscal 2024 results. "Thanks to Ace, our long-awaited entry into headphones, we reported year over year revenue growth and delivered results that slightly exceeded our expectations in our third quarter," Sonos CEO Patrick Spence commented. "This was overshadowed by the problems that our customers and partners experienced as a result of the rollout of our new app, which in turn has required us to reduce our Fiscal 2024 guidance. We have a clear action plan to address the issues caused by our app as quickly as possible. While our app setback is regrettable, it is one chapter in our over twenty years of delighting customers. I speak for
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Wednesday, August 7, 2024 the company will report financial results for the third quarter ended June 29, 2024. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 5:00 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the same l
Company reports solid first half, on-track to achieve Fiscal 2024 guidance Sonos, Inc. (NASDAQ:SONO) today reported second quarter fiscal 2024 results. "Thanks to the hard work of our team, and the strength of our brand and product portfolio, we delivered results that slightly exceeded our expectations in our second quarter despite the challenging environment," Sonos CEO Patrick Spence commented. "Today marks the launch of our completely reimagined Sonos app, which is our most extensive app redesign ever. This is a major step in enabling our multi-year product cycle and sets us up well for the launch of our highly anticipated new product later this quarter." "Our Q2 results show our c
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Tuesday, May 7, 2024 the company will report financial results for the second quarter ended March 30, 2024. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 5:00 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the same link
Q2 revenue at high end of guidance range, Adjusted EBITDA above high end due to significant year over year expense declines Sonos, Inc. (NASDAQ:SONO) today reported Second Quarter Fiscal 2025 results. "We made significant progress in Q2 across our top initiatives," said Tom Conrad, Sonos Interim Chief Executive Officer. "We're firmly on track in restoring the reliability and responsiveness our customers expect, with nine major software updates delivered in the last 120 days and more on the way. We're actively navigating the evolving tariff landscape with operational discipline and flexibility and we're reinvigorating demand through strategic pricing on Era 100, one of our most popular gat
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Wednesday, May 7, 2025 the company will report financial results for the second quarter ended March 29, 2025. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 4:30 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the same lin
Sonos, Inc. (NASDAQ:SONO) today announced that it has appointed Hugo Barra to its Board of Directors effective April 7, 2025. Mr. Barra is the co-founder and head of product at /dev/agents, a software company building a next-generation operating system for AI agents. "Hugo is a world-class technologist with senior executive experience at several of the most important and successful consumer tech companies," said Julius Genachowski, Chair of the Sonos Board. "He has a proven ability to turn cutting-edge innovation into great products - a great fit for Sonos. With his deep expertise, including in AI, we're excited to have him on the Board, engaging with the leadership team and adding value."
Sonos, Inc. (NASDAQ:SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $150 million. The $11 million remaining under the company's existing $200 million repurchase program expired upon approval of the new authorization. Under the repurchase program, Sonos may purchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through the use of other techniques such as accelerated share repurchases. The timing and number of shares repurchased will depend on a variety of factors, including stock pri
SAN FRANCISCO, Feb. 24, 2025 /PRNewswire/ -- Brex, the modern spend platform for growing businesses from startups to enterprises, today announced its enterprise business grew revenue 80%, while net revenue retention was nearly 140% YoY. This past year, Brex's overall revenue growth grew threefold with net revenue retention up 15 points. Brex now serves over 150 public companies and global industry leaders such as Anthropic, Arm (NASDAQ:ARM), Robinhood (NASDAQ:HOOD), ServiceTitan (NASDAQ:TTAN), Sonos (NASDAQ:SONO) and Wiz. In total, Brex's enterprise customers have an estimated
Sonos, Inc. (NASDAQ:SONO) today announced that Tom Conrad, Interim Chief Executive Officer, and Saori Casey, Chief Financial Officer, will participate in a fireside chat with Morgan Stanley analyst Erik Woodring at the Morgan Stanley Technology, Media & Telecom Conference on Monday, Mar. 3. The fireside chat will begin at 4:50 pm Pacific. A live webcast and replay of the fireside chat will be accessible in the News & Events section of the Sonos investor relations website: https://investors.sonos.com/news-and-events/default.aspx#section=events-and-presentations. About Sonos Sonos (NASDAQ:SONO) is one of the world's leading sound experience brands. As the inventor of multi-room wireless h
Q1 revenue near high-end of guidance range, announced reduction in force Sonos, Inc. (NASDAQ:SONO) today reported First Quarter Fiscal 2025 results. "Yesterday we implemented important organizational changes that mark the start of a new chapter of efficiency and growth for Sonos," said Tom Conrad, Sonos Interim CEO. "I see tremendous opportunity in front of us. The team and I are hard at work improving the core experience for our customers while designing the next set of Sonos products and innovations. It's an honor to show up every day to do this work with the talented Sonos team." "Our Q1 results show our team's commitment to execution as we navigate a difficult environment," commen
Sonos, Inc. (NASDAQ:SONO) today announced that after market close on Thursday, February 6, 2025 the company will report financial results for the first quarter ended December 28, 2024. The company will issue a press release and accompanying slide presentation at that time which will be accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. The company will host a conference call and Q&A to discuss the results on the same day at 4:15 p.m. Eastern Time. A live webcast of the conference call and Q&A will be accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the s
Patrick Spence to Step Down as CEO and Board Member Tom Conrad Appointed Interim CEO Sonos, Inc. (NASDAQ:SONO) today announced that the Sonos Board of Directors and Patrick Spence have agreed that Mr. Spence will step down as Chief Executive Officer (CEO) and as a member of the Board effective today. The Board has appointed Tom Conrad, an independent member of the Board since 2017, as Interim CEO, also effective as of today. The Board has initiated a search for its next CEO with the assistance of a leading executive search firm, and is committed to identifying a leader who will build on the Sonos legacy of innovation and excellence in serving its customers while also driving profitable
The company released its 2024 Listen Better Report, detailing actions to embed sustainability into its newest products Today, Sonos (NASDAQ:SONO) released its annual Listen Better Report, offering a comprehensive overview of the company's Environmental, Social, and Governance (ESG) efforts. Included in the Report are actions taken under Sonos' Climate Action Plan, introduced in 2021, which serves as a framework to drive the company to carbon neutrality by 2030 and net zero by 2040. "At Sonos, we aim to build products and experiences that bring joy to people, and to do it in a responsible way," said Patrick Spence, Sonos CEO. Drawing a parallel between sound quality and sustainability, h
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Morgan Stanley downgraded Sonos from Overweight to Underweight and set a new price target of $11.00 from $25.00 previously
Craig Hallum downgraded Sonos from Buy to Hold and set a new price target of $10.00 from $25.00 previously
Morgan Stanley upgraded Sonos from Equal-Weight to Overweight and set a new price target of $20.00 from $17.00 previously
BofA Securities downgraded Sonos from Buy to Neutral and set a new price target of $12.00 from $20.00 previously
Rosenblatt initiated coverage of Sonos with a rating of Buy and set a new price target of $20.00
Craig Hallum initiated coverage of Sonos with a rating of Buy and set a new price target of $20.00
Morgan Stanley downgraded Sonos from Overweight to Equal-Weight and set a new price target of $28.00 from $38.00 previously
Morgan Stanley reiterated coverage of Sonos with a rating of Overweight and set a new price target of $45.00 from $49.00 previously
Morgan Stanley reiterated coverage of Sonos with a rating of Overweight and set a new price target of $49.00 from $53.00 previously
Jefferies upgraded Sonos from Hold to Buy and set a new price target of $50.00 from $43.00 previously