|Bid||15.10 x 3000|
|Ask||15.32 x 4000|
|Day's Range||15.09 - 15.43|
|52 Week Range||9.62 - 15.98|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.57|
(Bloomberg) -- Sonos Inc. Chief Executive Officer Patrick Spence accused Alphabet Inc.’s Google and Amazon.com Inc. of using their market power to thwart competition a week after filing a lawsuit against the world’s largest search engine.“Today’s dominant companies have so much power across such a broad array of markets and continue to leverage that power to expand into new markets that we need to rethink existing laws and policies,” said Spence Friday at a congressional antitrust hearing in Boulder, Colorado, led by Representative David Cicilline, the Rhode Island Democrat who is investigating competition in the technology sector.Sonos, a 1,500-person company, sued Google Jan. 7 for allegedly infringing five patents covering multi-room audio technology. Spence said Google’s dominance enabled it to violate the speaker company’s intellectual property. He said that Google tries to prevent customers from using its voice assistants alongside another company’s on Sonos speakers. While Amazon doesn’t go that far, he said, it has used its power to “to subsidize the conquest” of the booming smart-speaker market, particularly by under-pricing its offerings.Sonos has worked with the committee since before it decided to file the lawsuit, according to a person familiar with the discussions. It has also responded to questions that the committee sent to customers of the large technology platforms.Google has disputed Sonos’ claims and said it will defend itself. The search giant, which faces antitrust probes by 48 state attorneys general as well as the U.S. Justice Department, says it faces robust competition. Cicilline is using the hearing to air grievances by smaller companies, following a series of Washington meetings that focused on the tech giants.“It is apparent that the dominant platforms are increasingly using their gatekeeper power in abusive and coercive ways,” Cicilline said in his opening statement.The panel also heard from David Barnett, the founder of Boulder-based PopSockets, which makes phone holders and stands. He alleged that Amazon frequently engaged in “bullying,” including deliberately selling counterfeits, threatening to go to unauthorized resellers and dropping prices without consulting. “We have $10 million less to innovate this year” because of PopSockets’s decision to end its relationship with Amazon even though it’s more difficult to sell elsewhere, Barnett said.“It seems like Amazon is so dominant that there is no alternative,” said Representative Ken Buck, a Colorado Republican on the committee.Amazon said in a statement that PopSockets is a “valued retail vendor” and added: “We’ve continued to work with PopSockets to address our shared concerns about counterfeit, and continue to have a relationship with PopSockets through Merch by Amazon, which enables other sellers to create customized PopSockets for sale.”The company said it refuses to work with some resellers to ensure low prices, and rejects the notion that it’s dominant, saying it represents just 4% of U.S. retail.The panel also heard from Kirsten Daru, general counsel of Tile Inc., which makes devices that pair with phones to help people locate lost items such as keys or purses.Apple Inc. is reportedly preparing to unveil a competing service, and Daru’s 100-employee company alleges the phone maker has started putting up roadblocks to Tile’s business, such as burying permissions that allow the phone and Tile devices to communicate and prompting users to disable permissions that have been set.“You’re playing up against a team that owns the field, the ball and can change the rules at any given time,” Daru said in an interview before the hearing, adding that a majority of the company’s customers are on Apple’s operating system.Apple said that its treatment of permissions, which focused on location, were designed to protect user privacy and that it’s working with developers whose customers may want particular apps to be able to track them at all times.Daru said Apple also removed Tile devices from its retail stores, and that it bid on search terms related to the would-be rival to drive up the cost of advertising 50% each week during the fall.Cicilline has said his goal is to develop a final report with recommendations for Congress this year. He told reporters on Tuesday that he wants to wrap up his probe by the end of March and said he’s hopeful the tech giants will cooperate with requests for chief executives to give information without subpoenas, preferably in public hearings.“It’s hard to imagine that we’d conclude the investigation without hearing from some of the large technology CEOs, particularly in companies whether there’s such really centralized decision making,” he said.(Updates with comments from PopSockets CEO from eighth paragraph)\--With assistance from Mark Gurman, Rebecca Kern and David McLaughlin.To contact the reporter on this story: Ben Brody in Washington, D.C. at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Paula DwyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sonos, Inc. (Nasdaq: SONO) today announced that after market close on Wednesday, February 5, 2020, the company will report financial results for the first quarter ended December 28, 2019 in a letter to shareholders. The letter will be made available on the investor relations section of its website at https://investors.sonos.com/reports-and-filings/default.aspxsection=earningsreports.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Following what the company described as years of back-and-forth, Sonos has filed suit against Google for alleged patent infringements related to the company's smart speakers. Sonos said that Amazon was also infringing on their IP, but that they can only afford to take on one tech titan. The lawsuit, filed in Federal District Court in Los Angeles and for the United States International Trade Commission, specifically calls out Google for five alleged patent violations, including technologies that allow their speakers to wirelessly communicate and synchronize with each other.
Sonos is suing Google for alleged patent infringement of its pioneering wireless speaker technology, in the latest accusation that a big Silicon Valley company is using its might to squash smaller rivals. In a lawsuit filed in California on Tuesday, Sonos claimed Google unfairly profited to the tune of billions of dollars by “knowingly and wilfully” copying its patented multi-room music synchronisation system, both from device sales and in data that the internet group was able to collect through its smart speakers. The infringement of dozens of patents came first with its Chromecast Audio dongle and later extended with its Google Home smart speakers, Sonos alleged.
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Sonos, Inc. (Nasdaq: SONO) today announced that Chief Financial Officer Brittany Bagley will participate in the Raymond James Technology Investors Conference in New York City on Tuesday, December 10. Brittany will participate in a Q&A session beginning at 10:45 a.m. Eastern Standard Time.
To celebrate Black Friday, here is a list of Benzinga's 19 favorite gift ideas and some Black Friday week deals for your loved ones...or just yourself. Electronics Philips 65 inch Class 4K Android Smart ...
Investors were on edge Thursday, given the sudden pickup in volatility on Wednesday. Let's look at a few top stock trades that were grabbing the headlines today. Top Stock Trades for Tomorrow No. 1: Sonos (SONO)Source: Chart courtesy of StockCharts.comSonos (NASDAQ:SONO) stock is up marginally after reporting earnings, as shares look to continue higher.There's a solid setup in Sonos, with $15 resistance weighing on the stock. Over $15 -- which is also the IPO price -- could send the stock to new 2019 highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom September through November, $15 to $15.25 has been acting as resistance. If bulls can clear this area, it will trigger a breakout. On a pullback, see that the 50-day moving average supports the stock, just as it did on Thursday's post-earnings reaction. * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities Falling below the 50-day moving average puts $13 and the 100-day moving average on watch. No. 2: Ulta Beauty (ULTA)Source: Chart courtesy of StockCharts.comAfter a hearty bounce in September, Ulta Beauty (NASDAQ:ULTA) is back to being under pressure. In fact, the stock is just a few dollars above its 52-week low.The setup does not look encouraging for longs, but those who are bullish on Ulta can dip their toe in this one with a stop just below the 52-week low. On a rally, see if Ulta can reclaim the 50-day. Keep in mind, though, that rallies north of $240 have been sold over the last few months. Top Stock Trades for Tomorrow No. 3: Aurora Cannabis (ACB)Source: Chart courtesy of StockCharts.comAre cannabis stocks back from the dead? Maybe so, and that's got Aurora Cannabis (NYSE:ACB) moving nicely. Not long ago, ACB sold for more than $8 per share; two days ago it was below $2.50.To say it has been a volatile ride would be an understatement. It's exactly why we warned investors to get out of the way in the summer, when shares were significantly higher than current levels.Now, ACB stock is trying to reclaim the $3 level -- and struggling. The 20-day moving average is acting as resistance. If shares clear this level, see how ACB handles the $3.50 mark. That was vital support before the most recent breakdown.No matter how this pans out for Aurora, though, it's vital for bulls that it doesn't go on to make new lows. Top Stock Trades for Tomorrow No. 4: L Brands (LB)Source: Chart courtesy of StockCharts.comL Brands (NYSE:LB) is following after a number of its retail peers, with a volatile post-earnings reaction. However, unlike many of its peers, shares are actually rallying after the results, up almost 10%.The setup becomes rather straightforward from here.Above $15.50 and LB is okay on the long side. Below and it's a no-touch. Over the 50-day puts $18 on the table and above that, $19.25 is possible. Keep it simple and go from level to level. No. 5: Jack in the Box (JACK)Source: Chart courtesy of StockCharts.comv Shares of Jack in the Box (NASDAQ:JACK) are off slightly after reporting earnings, but man did the stock put in a wide trading range today!After opening near its 50-day moving average, shares ran to $90. Then, the stock took a tumble, falling to $80 and is now trying to hold its 200-day moving average. Talk about a series of events.In any regard, this one is too volatile for me. Below Thursday's low and JACK can technically fill the gap (blue box) down to $74.If it can move over the 50-day moving average, the Thursday high near $90 is possible. Above that mark and the $93 highs are possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities * 7 High-Yield ETFs to Buy Now * 4 Dow Jones Industrial Average Stocks to Sell The post 5 Top Stock Trades for Friday: SONO, ULTA, ACB appeared first on InvestorPlace.
Sonos (SONO) delivered earnings and revenue surprises of -33.33% and 1.65%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Premium music speaker maker Sonos late Wednesday missed Wall Street's targets for its fiscal fourth quarter ended Sept. 28. The Sonos earnings news caused its stock to waver in late trading.
Jan.13 -- Ira Blumberg, VideoLabs senior vice president, and Bloomberg's Brad Stone discuss the patent dispute between Sonos Inc. and Google. They speak with Bloomberg's Taylor Riggs on "Bloomberg Technology."
Sonos has accused Google of stealing its technology. Yahoo Finance's Adam Shapiro, Julie Hyman, Dan Robert and Paul Schatz - Heritage Capital President discuss.
Lolli is an online plug-in that rewards shoppers in bitcoin when they shop at participating retailers. Lolli CEO Alex Adelman joins Dan Roberts, Anjalee Khemlani and Scott Gamm to announce the startup's newest partner and road map.