17.10 -0.25 (-1.44%)
After hours: 4:45PM EDT
|Bid||17.11 x 900|
|Ask||17.35 x 1300|
|Day's Range||17.01 - 17.97|
|52 Week Range||15.51 - 23.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Friday.
Sonos, the maker of the high-end audio equipment, debuted on the Nasdaq Thursday. Yahoo Finance’s Alexis Christoforous, Dan Howley and Julia La Roche give you the latest.
is a new issue that Jim Cramer talked about in his Mad Money show. The company makes a family of wireless home speakers that can stream music and audio from pretty much any device or service. In this daily bar chart of SONO, below, we can see a first day rally and then a reversal on day two.
SANTA BARBARA, Calif., Aug. 06, 2018-- Sonos, Inc., the creator of the wireless home sound system, today announced the closing of its initial public offering of 15,972,221 shares of its common stock, including ...
It’s no secret that hardware companies haven’t had much success in the IPO market as of late, but Sonos Inc. thinks it can break from the mold.
Arlo Technologies, the top seller of home security camera systems in the U.S., surged in its first day of trading on Friday following its spinoff from networking-gear maker Netgear.
Sonos, maker of wireless, whole-house speaker systems, went public on Thursday. But can it hold its own against the rival products from Apple, Google, and Amazon? A Sonos executive responds.
, the smartspeaker company, had its initial public offering on Nasdaq Thursday. In morning trading, Sonos was up around 14% to $22.74. When asked why Sonos debuted at $15 when the company was originally priced at $17 to $19 a share, Spence responded, "Really, it was the tech selloff over the past couple of days.
NEW YORK, NY / ACCESSWIRE / August 3, 2018 / Shares of SONOS were soaring in Thursday's session as the company made its debut on the market. Square shares also jumped on second quarter results. SONOS INC shares closed up 32.73% on Thursday with additional gains in after-hours trading after the company made its debut on the NASDAQ.
Speaker company Sonos Inc.’s stock surged 33% above its initial public offering price on Thursday in its market debut. The shares closed at $19.91 after being priced Wednesday night at $15, as investors scrambled for a piece of the maker of popular, high-end home-audio gear at a time when IPO stocks are performing well. Sonos executives and investors attributed the lowered pricing in part to a recent selloff in technology stocks.
The IPO was priced below the target range of $17-$19 per share on Wednesday, signalling that investors are selective about backing stock market hopefuls in the technology sector. "We definitely felt some nervousness from investors as we hit what seemed like some down days on the Nasdaq and we kind of got caught up in that," said Patrick Spence, chief executive officer at Sonos.
Sonos, Inc. (SONO), maker of the easy-to-use multi-room wireless home sound system, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. Sonos debuted the world’s first wireless multi-room home sound system in 2005 and has been a leading innovator in wireless home audio since its founding in 2002. Each thoughtfully designed speaker and component that makes up the Sonos system is built on a software platform that gets better over time and helps the world listen better by giving people access to the content they love, from the services they want.
Smart-speaker developer Sonos soared Thursday with an initial public offering that raised $208.5 million in a market that includes Amazon, Apple and Alphabet.
Shares of Sonos Inc rose as much as 34 percent to $20.20 in their market debut on Thursday, at which the U.S. wireless audio systems maker has a market value of nearly $1.9 billion. The IPO was priced below the target range of $17-$19 per share on Wednesday, signaling that investors are selective about backing stock market hopefuls in the technology sector. "We definitely felt some nervousness from investors as we hit what seemed like some down days on the Nasdaq and we kind of got caught up in that," said Patrick Spence, chief executive officer at Sonos.
Sonos, Inc. (NASDAQ: SONO), a creator of wireless home sound systems, priced its initial public offering at $15 per share and the stock opened for trading at $16. Consumers and investors for the most part aren't aware of Sonos' proposition offering, CEO Patrick Spence said during a Thursday CNBC interview. Sonos stands out in the technology space by creating devices that are long-lasting, as 93 percent of all products shipped over the past 14 years are still active today, the executive said.
Sonos offers a line of wireless, multi-room speaker systems, which allow users to control the speakers from anywhere in the house. Using the Sonos app on their smartphone, users can manage their Spotify, Apple Music and internet radio apps, along with 80 other music streaming apps. More recently, the home audio giants have started offering speakers with voice control.
The past few years haven’t been kind to newly public hardware companies, but Sonos Inc. hopes to break from that pattern by relying on a little help from tech giants like Amazon.com Inc.
MARKET PULSE Shares of Sonos Inc. (sono) rose 4.3% in Thursday morning's session, the stock's first day of trading. The first trade was executed for $16 at 11:14 a.m. ET. Shares are currently trading above the IPO price of $15 but below the opening price as well as Sonos' initially expected pricing range of $17 to $19.
Inc. is poised to debut on the Nasdaq on Thursday following an initial public offering that priced below the speaker maker’s target range. Sonos had set out to price shares at $17 to $19, according to previous filings, but said Wednesday evening that it would instead sell 13.89 million shares at $15. The IPO is a milestone 16 years in the making for Sonos, which was founded in 2002 in Santa Barbara, Calif., and went on to raise $248 million in equity, according to PitchBook Data.
The maker of high-end speakers had hoped to price shares at $17 to $19, according to previous filings, but said Wednesday evening that it would instead sell 13.89 million shares at a lower price of $15....