Back to top

Image: Bigstock

Sonos (SONO) Jumps: Stock Rises 7.2%

Read MoreHide Full Article

Sonos, Inc. (SONO - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $41.22 to $43.45 in the past one-month time frame.

The stock gained following news that a JPMorgan analyst has suggested that the company may be a strategic buyout target for Apple.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also 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

Investors interested in the Audio Video Production industry may consider Sony Corporation , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is SONO going up? Or down? Predict to see what others think:Up or Down

Zacks' Top 10 Stocks for 2019

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?

Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.

See Latest Stocks Today >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Sonos, Inc. (SONO) - free report >>

Published in