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Sonos (SONO) in Focus: Stock Moves 9% Higher

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Sonos, Inc.SONO was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 27.1% in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter fiscal 2018 results.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sonos currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Sonos, Inc. Price

Sonos, Inc. Price | Sonos, Inc. Quote

A better-ranked stock in the Audio Video Production industry is GoPro, Inc. GPRO , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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