|Day's Range||0.0900 - 0.1500|
D.A. Davidson analyst Tom Forte said Sonos would be “natural acquisition target for Apple,” strengthening the company’s offering in the connected home.
(SONO) looks well positioned to see its stock appreciate either due to improved investor perception or an acquisition, according to D.A. Davidson analyst Tom Forte. “We see Sonos as a natural acquisition target for Apple, given the similarities in: 1) product quality, 2) design acumen, and 3) premium brands,” Forte wrote.
Premium music speaker maker Sonos could be the next consumer electronics stock in play after Google's acquisition of Fitbit, a Wall Street analyst says. Apple would be a logical suitor.
D.A. Davidson analyst Tom Forte said Wednesday that Sonos Inc. looks well positioned to see its stock appreciate either due to improved investor perception or an acquisition, in the wake of Alphabet Inc.'s plans to purchase Fitbit Inc. "On the bad block of hardware companies, we consider Sonos to be: 1) the best house on the block and 2) the one adjacent to the mansion on the neighboring block, Apple ," Forte wrote. He sees Sonos as similar to Apple due to his view that both companies make superior products with a focus on design and are able to charge more than competitors. "We see Sonos as a natural acquisition target for Apple, given the similarities in: 1) product quality, 2) design acumen, and 3) premium brands," Forte wrote. "Just as Fitbit fills a void for Google when it comes to healthcare-related data, acquiring Sonos could materially advance Apple's connected home efforts (an area we believe it needs improvement and where its own product, the HomePod, was a disappointment)." Forte rates Sonos shares at buy with a $20 target price. The stock is up 37% so far this year as the S&P 500 has risen 23%, but it remains below its $15 initial-public-offering price from August 2018.
Investing.com – Sonos surged on Wednesday as one Wall Street analyst said the audio company could be next on the shopping list for big tech firms, with Apple (NASDAQ:AAPL) touted as a potential suitor.
This week's podcast looks the current stock market uptrend and how horse racing can give you the edge in investing. Plus, we analyze Polaris, PPG and Sonos.
Sonos, Inc. (SONO) today announced that after market close on Wednesday, November 20, 2019, the company will report financial results for the fourth quarter and fiscal year ended September 28, 2019 in a letter to shareholders. Learn more at www.sonos.com.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Sony (SNE) is undertaking a number of measures in its Branded Product Business, which includes Mobile Communications, Imaging Product & Solutions, and Home Entertainment & Sound segments, to ensure stronger growth.
The Sonos Move is the company's first portable speaker. And while it's heavy and pricey, it still offers a great listening experience
(Bloomberg) -- Amazon.com Inc. defended the privacy features of its Alexa digital assistant -- and introduced some new tools to reassure users -- following months of debate about the practices of the technology giant and its largest competitors.“We care about this,” Dave Limp, leader of the company’s devices business, said Wednesday at Amazon’s headquarters in Seattle. “Privacy is absolutely foundational to everything that we do in and around Alexa.”Limp’s privacy pitch was unusual for a company most comfortable talking up product features and gushing about customers. But the e-commerce giant’s need for the trust of its users became clear as Limp introduced dozens of products and services designed to extend Alexa’s reach into more areas of life -- even going so far as to embed microphones in ear buds, eyeglasses and rings. The executive also introduced updated versions of Amazon’s mainline Echo and Echo Dot smart speakers, and a beefed up version, the Echo Studio, aimed at music lovers.Wednesday’s event marked the third year in a row Amazon has held a September press showcase for new gadgets, highlighting the growing importance of the company’s electronics franchise. Demand for Amazon’s devices, led by the hockey puck-sized Echo Dot and the Fire TV streaming stick, made it the third-top-selling brand by unit sales in the U.S. last year, according to estimates from researcher Euromonitor International. The company trailed only Apple Inc. and Samsung Electronics Co.Unlike those builders of high-end electronics, Amazon has achieved its scale primarily by selling low-priced devices that analysts estimate barely bring in enough profit to cover their manufacturing costs. The bet is a long-term wager on a virtuous cycle: more devices in more consumers’ hands means more viewers for Amazon’s original television shows, more subscribers to Amazon Prime, and more developer interest in building tools for Alexa.For much of this year, though, the attention paid to Amazon’s voice assistant has focused on what customer data it was picking up, and how Amazon was using the information.In April, Bloomberg News reported that Amazon had a team of people in offices around the world charged with reviewing a small sample of the consumer voice recordings heard by Alexa, a practice the company didn’t explicitly disclose. News reports in the following months highlighted similar practices at Alphabet Inc.’s Google and Apple, among other companies.Limp introduced an opt-in feature that lets Alexa users automatically delete their verbal recordings regularly, on a rolling three-month or 18-month basis. Previously, Alexa users had to manually wipe out their stored voice recordings on a companion website. Amazon also added a privacy mode for its Ring home security cameras.“We will continue to listen to customers, and I’m sure they’ll have more ideas for us” on new privacy features, Limp said.The company introduced a new model of the best-selling Echo Dot with a visual clock built in, and a high-end speaker to rival Apple’s HomePod, Google Home Max and Sonos Inc. speakers, called Echo Studio.A new Echo Show speaker comes with an 8-inch screen, adding to a line that already includes 5-inch and 10-inch displays. The Echo Flex, meantime, is a new category of the smart speaker that plugs directly into a wall outlet, unlike other Echo devices, which connect to outlets through a cable. The Echo Flex will integrate with new motion and light sensors and have an API so developers can write commands for it.Beyond tweaks to its Echo lineup, Amazon redoubled its efforts to take Alexa on the road, launching ear buds, eyeglasses, and even a ring that come equipped with the digital assistant. Alexa is perhaps the most well known voice assistant in the U.S., but its profile suffers from Amazon’s lack of a smartphone. Google and Apple, whose software powers almost all the handsets sold each year, have captive audiences for Google Assistant and Siri, which come preinstalled on devices.Limp’s roughly 90-minute presentation suggested there is hardly a corner of the high tech industry safe from Amazon’s desires for Alexa or its other products, from software for schools to a new Wi-Fi Mesh Router, and integration with GM cars and trucks. (But no waffle maker, Limp joked.)Amazon added a different kitchen appliance to its portfolio: a smart oven with an air fryer. Last year, the company announced its Alexa Microwave and said it quickly became the most popular microwave sold on Amazon.com. The new smart oven integrates with Alexa and will include an Echo Dot so users don’t need extra devices to make it work with voice control.The beefed-up Echo Studio, aimed at music lovers, costs $200 and comes with 3D audio. Shares of Sonos, whose main business is digital-audio speakers, dropped 5% following Amazon’s announcement.Many owners of smart speakers use the devices primarily to listen to music or stream radio stations or podcasts. Amazon has lately sharpened its focus on audiophiles, launching a high-definition music streaming service earlier this month and, at a similar gadget event a year ago, introducing a range of subwoofers, amplifiers and other electronics designed to enhance Alexa’s profile as a music hub. Still, those devices haven’t been mass-market hits, and some of them are among the more poorly reviewed gadgets in Amazon’s Echo line.(Updates throughout with product details, Amazon privacy push.)To contact the reporters on this story: Matt Day in Seattle at email@example.com;Mark Gurman in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Amazon.com, Inc. (NASDAQ: AMZN ) rolled out the Echo Studio speaker at its annual hardware showcase Wednesday, with prices starting at $199. Sonos (NASDAQ: SONO ) shares fell by 2.8% on the news. The ...
Three technology companies, plus a medical-device maker, are showing strong technical momentum. Lattice Semiconductor Corp. (LSCC) gained 53 cents to $19.73 on 1.8 million shares traded Thursday. The move, on no news from the company and following through on Wednesday’s rally, positioned the stock at the top of its five-week sideways channel.
Sonos Move is on the way and it looks like it will be a blessing to those wanting good audio on the go.Source: ClassyPictures / Shutterstock.com Here's what to know about the new speaker from Sonos (NASDAQ:SONO). * The new smartspeaker will be available for purchase starting on Sept. 24. * This will have the device up for grabs to countries around the world. * Customers that want to purchase the Sonos Move will be paying $399 for the device. * It's also worth noting that support for smart assistants Amazon's (NASDAQ:AMZN) Alexa or Alphabet's (NASDAQ:GOOG,GOOGL) Google Assistant. is built into the device. * Owners will also be able to sync the smartspeaker up through Apple's (NASDAQ:AAPL) AirPlay 2 via the Sonos App. * Anyone that is looking to take the speaker on the go will have 10 hours of continuous use. * The speaker is also able to survive for five days in standby mode. * The smartspeaker is able to connect to devices via Bluetooth, which make it easy to sync a smartphone to it. * It will also allow users to directly control the speaker through various music apps. * Owners of the device will also be able to put it through a fair amount of abuse due to its IP56 rating. * 7 Stocks to Buy In a Flat Market You can follow this link to learn more about the Sonos Move. You can also head over here to check out our article covering the rumors leading up to the introduction of the smartspeaker to see what we got right and wrong.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth As of this writing, William White did not hold a position in any of the aforementioned securities.The post Sonos Move: 10 Things to Know About the New Bluetooth Speaker appeared first on InvestorPlace.
Sonos is working hard to prove Wall Street wrong. The smart speaker maker’s debut on the Nasdaq in August 2018 was marred, in part, by President Trump’s trade war with China. Shares of Sonos (SONO) did rise more than 20 percent on that first day of trading, but only after the company cut the price of its initial public offering to $15 a share, well below the range of $17 to $19 that the Santa Barbara, California-based company had predicted. Investors were worried that the company would get caught in the trade war. Thirteen months later, and Sonos’ CEO Patrick Spence tells Yahoo Finance, “I don’t think it’ll be a factor impacting our long term trajectory as a company.”
Amazon's newest smart speaker- the Echo Studio- is hitting the holiday shopping season with hopes of filling your home's audio dreams. Yahoo Finance's Dan Howley has tested the speakers out. He shares his review on The Final Round.
Amazon's newest smart speaker, the Echo Studio, is hitting stores this holiday shopping season. With 5 built-in speakers, it provides consumers with an immersive sound experience in their own home.
Amazon unveiled numerous new products at its annual hardware event. Jeff Bezos and his team are taking on Apple with Alexa-enabled wireless earbuds with noise-reducing Bose technology. Yahoo FInance’s Tech Editor Dan Howley joins Myles Udland, Jen Rogers and Emily McCormick on The Final Round to discuss.