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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.”
Sonos has a new entry-level connected speaker that will give you all of itsmulti-room, high-quality sound -- without the onboard microphones and smartassistants of the Sonos One
With the Move, the premium audio company is finally getting into the portable Bluetooth speaker market — but is doing so in a way that is decidedly Sonos. There are, of course, already plenty of Bluetooth speakers to choose from.
It's the $399 SonosPort, and it replaces one of the older devices in the Sonos lineup, the SonosConnect, with updated specs and a smaller footprint
(Bloomberg) -- Sonos Inc., an internet-connected speaker maker trying to compete with Google, Amazon.com Inc. and Apple Inc., unveiled a new product for people who worry those tech giants are recording their private conversations.The Santa Barbara, California-based company’s latest model, the $179 Sonos One SL, doesn’t have an internal microphone, so the device can’t listen to what people are saying in the privacy of their homes.A slew of speakers and other home gadgets have been released in recent years and many of the devices keep track of questions, voice commands and other user activity. This has sparked privacy concerns.Amazon has employed thousands of people who listen to voice recordings captured by its Echo speakers. The words are transcribed, annotated and fed back into software to help the company’s Alexa digital assistant better understand human speech. Google and Apple have similar processes and have announced different ways to improve privacy under pressure from either users or regulators.“There is a group of people, we did get feedback, they just don’t want microphones in their house,” Sonos Chief Executive Officer Patrick Spence said. “We thought it was a good opportunity to do something new in that space and give peace of mind to people that want it.”QuickTake: You’re Home Alone With Alexa. Are Your Secrets Safe?This means the new Sonos One SL can’t be controlled with voice commands, a feature that some consumers expect from so-called smart speakers like those already offered by Sonos, Google, Amazon and Apple.Sonos will continue to sell other microphone-equipped speakers, such as its Sonos One and a new $399 outdoor speaker called the Sonos Move, which it unveiled on Thursday. The company also announced the $399 Sonos Port, which lets people stream songs from the internet directly into a traditional analog speaker system.Sonos styles itself as a neutral player that lets people use music streaming services and voice assistants from various big tech companies.“We’ve seen it as an opportunity in this war of ecosystems to be the Switzerland,” Spence said.To contact the reporter on this story: Gerrit De Vynck in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Streaming video component maker Roku Inc (NASDAQ: ROKU ) announced Wednesday the introduction of new premium audio products: the Roku Smart Soundbar and Roku Wireless Subwoofer. What Happened Roku, which known ...
While not a mind-blowing move, it is good to see that the Sonos, Inc. (NASDAQ:SONO) share price has gained 29% in the...
(Bloomberg) -- WeWork’s IPO prospectus lacks the information needed to create a financial model of the company, according to an analyst who specializes in new listings.The We Co., which is expected to raise about $3.5 billion in what would be 2019’s second-biggest initial public offering, must have put in a great effort to conceal the unit economics underlying the coworking space provider, said Triton Research Inc. Chief Executive Officer Rett Wallace.“The prospectus is a masterpiece of obfuscation,” he said in an interview. “If the underlying facts were positive, why would a company go to so much trouble to prevent you from understanding them?”Using what it calls an obfuscation index as one component of its ratings, Triton has built a strong track record predicting the winners and losers among technology IPOs. Since January 2018, listings that won an above-average score from Triton have risen about 92% from their offering prices, nearly triple the return of those scoring below average.IPOs with the highest Triton scores include standouts Elastic NV, Smartsheet Inc. and Anaplan Inc., while post-listing duds such as Sonos Inc., Dropbox Inc. and Lyft Inc. rank among the low scorers.Triton sees high levels of obfuscation in WeWork’s filing. For example, the company stops counting sales and marketing expenses at a given location once it’s been open for two years -- but the spending doesn’t actually stop after that. Instead, it counts as an operating expense, Triton said.A representative for New York-based WeWork declined to comment.Opening DatesWeWork’s filing doesn’t disclose the dates of when its locations opened or when the spending at a given location will switch into the operating expense bucket, according to Wallace. Like some government agencies, WeWork labels some compensation as investments.“When you make it impossible for people to have data-driven conviction, then everything is just sentiment,” Wallace said. “Sentiment can come and go, especially in a volatile tape like this.”Read more: WeWork IPO May Polarize Wall Street Into Warring Camps, MKM SaysThe lack of disclosure becomes even more apparent when contrasted with other IPO filings that are more direct, he added.“When companies fight you on understanding the basic proposition of the mousetrap, it’s always bad. People who have good mouse traps say, ‘This is the thing: You put the cheese in, the trap is designed to never break your thumb, and it catches mice nine times out of ten.’”Read more: WeWork IPO Shows It’s the Most Magical Unicorn: Shira OvideTo contact the reporter on this story: Drew Singer in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. equities are bounding higher on Monday as President Trump softens his stance against China -- delaying the imposition of new import tariffs and lightening the restrictions against Huawei -- while at the same time stepping up his calls for the Federal Reserve to increase its monetary policy support of the economy (and financial markets).The result is that the Dow Jones Industrial Average has bounced off of its 200-day moving average and climbed back over the 26,000 level. The Nasdaq Composite is back over 8,000. And the S&P 500 is closing back in on its 50-day moving average. * 10 Undervalued Stocks With Breakout Potential The takeaway: Another medium-term rally appears to be upon us. To maximize exposure, consider these four cheap stocks for promising turnaround plays:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sonos (SONO)Smart speaker maker Sonos (NASDAQ:SONO) is enjoying a near 12% rally this morning, breaking out of a post-IPO trading range going back to December. The company recently put a co-branded low-cost speaker into IKEA stores and is reportedly preparing a launch of a portable Bluetooth speaker into its lineup. Shares were upgraded today by Raymond James analysts, who are looking for a $19 price target.The company will next report results on Nov. 6 after the close. Analysts are looking for a loss of 19 cents per share on revenues of $300 million. When the company last reported on Aug. 7, a loss of 13 cents per share beat estimates by 3 cents on a 24.8% rise in revenues. Wendy's (WEN)Shares of fast food icon Wendy's (NASDAQ:WEN) are pushing up and over a three-month consolidation range to push to new highs. The momentum was spurred by a better-than-expected quarterly report featuring a 29% year-over-year rise in earnings thanks to a 1.4% rise in comp-store sales. Traction is being seen for its Biggie Bag promotion as well as its Made to Crave chicken sandwiches. * 7 Vanguard Funds for Conservative Investors The company will next report results on Nov. 6 before the bell. Analysts are looking for earnings of 16 cents per share on revenues of $429.7 million. When the company last reported on Aug. 7, earnings of 18 cents per share beat estimates by a penny on a 5.9% rise in revenues. Genworth Financial (GNW)Shares of Genworth Financial (NYSE:GNW) have broken up and above their 200-day moving average, returning to levels last seen in late February. Watch for a return to the upper end of a five-year trading range with a move to the $5-a-share level, which would be worth a gain of roughly 15% from here. The company is a provider of mortgage insurance products.Management will next report results on Oct. 29 after the close. Analysts are looking for earnings of 24 cents per share on revenues of $2.1 billion. When the company last reported on July 30, earnings of 40 cents per share beat estimates by 13 cents on a 0.1% decline in revenues. Extraction Oil & Gas (XOG)Extraction Oil & Gas (NASDAQ:XOG), an independent energy company focusing on developing assets in the Rocky Mountain region, looks ready to emerge from a year-to-date consolidation range with a move above its 200-day moving average -- a level that was last crossed in the summer of 2018. Coverage was recently started on the company by analyst at KeyBanc Capital Markets, who initiated with a neutral rating. * 10 Mid-Cap Dividend Stocks to Buy Now The company will next report results on Oct. 31 after the close. Analysts are looking for a loss of 6 cents per share on revenues of $237.4 million. When the company last reported on Aug. 1, earnings of 22 cents missed estimates by 7 cents per share on nearly a 15% decline in revenue.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 4Â Cheap Stocks Ready to Rise appeared first on InvestorPlace.
Sonos rumors are heating up as talk about a portable Bluetooth speaker spreads online.Source: ClassyPictures / Shutterstock.com Here's what we know so far about the new speaker from Sonos (NASDAQ:SONO) thanks to these leaks. * The newest rumors include leaked marketing images of the Sonos speaker. * It also claims that the device is going to go by the name "Sonos Move". * It might come out this month. * The speaker also appears to charge either from a USN-C cable or via contact points on a dock. * It also features a handle that allows it to easily be moved around. * The Sonos rumors also claim there an option to switch it from a mobile and stationary speaker via a switch. * This means that if it is set up as a normal bluetooth speaker, it will simply play music. * However, switching it to mobile allows the person to use it with the Sonos app. * This also reportedly unlock several different features as well. * That includes the ability to make use of the device using smart assistants. * Specifically, the Sonos rumors claim that it will work with Amazon's (NASDAQ:AMZN) Alexa or Alphabet's (NASDAQ:GOOG,GOOGL) Google Assistant. * It will also have support for Apple's (NASDAQ:AAPL) AirPlay 2. * What's still unknown at this point is how much the smart speaker is going to cost customers. * We also still don't know what kind of water resistance it has. * 10 Cheap Dividend Stocks to Load Up On You can follow these links to see more Sonos rumors about its upcoming portable speaker.InvestorPlace - Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Sonos Rumors 2019: What We Know About the Upcoming Sonos Bluetooth Portable Speaker appeared first on InvestorPlace.
After a welcome analyst upgrade, the maker of high-end wireless audio systems breaks into the teens for the first time in more than six months.
Source: Win FutureNow, another leak from Win Future has revealed yet more official-lookingimages, including a photo of the device with its apparent dock, which providescontact charging
Sonos is going "beyond the home" with its new portable speaker, Sonos Move. Sonos CEO joins Yahoo Finance's The First Trade to discuss that, the impact of the China, U.S. Trade War and what he hopes investors see for the future of the company. "I don't think right now investors necessarily understand our business," Spence continues, "we're living in a world where there are a lot of software companies out there ... and the hardware space has been damaged by some other companies."
Sep.05 -- Sonos Chief Executive Officer Patrick Spence speaks to Bloomberg Techonlogy's Emily Chang about the new Sonos One SL, the company's new home speaker that does not have integrated voice assistants built in.