$SONO approaching strong resistance around 15.60Have closed most of my positions. Currently hold Jan 2020 17.5 Call.
See my previous analysis, for some reason I ended up with two accounts.
Volume is disappearing, MACD is going down, will soon approach 15.60 strong resistance level. The best scenario is it will consolidate around 15 level, and wait for a fundamental good news (next ER report?) to break through the resistance and open the above space.
SONO trade ideas
$sono SONOS remains overvalued, Sonos remains the same company that went into freefall after its IPO, a analysts upgrade had sent it in overdrive over the past few days, would I buy here, NO WAY.
Long term it's hard to see how a company selling a product that is easily replicated and possibly sold below cost by the giants like Googl, Amzn, Fb and Appl can survive, the ECHO etc has much greater functionality and can be adapted to compete and replace anything SONOS has to offer.
AVERAGE ANALYSTS PRICE TARGET $16
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 80
SHORT INTEREST 20%
COMPANY PROFILE
Sonos, Inc. provides multi-room wireless smart home sound systems. It supports streaming services around the world, providing customers with access to music, Internet radio, podcasts, and audiobooks, with control from Android smartphones, iPhone, or iPad. The company was founded by Mai Trung, John MacFarlane, Craig A. Shelburne and Thomas S. Cullen in 2002 and is headquartered in Santa Barbara, CA.
SONOS - Nuetral - should of sold the biz instead of going publicThis may get interesting down around $5.00, great technology and company and I believe will be acquired in the next 2-3 years as soon as the fanfare dies out. Unfortunately their putting the resources into pushing more product/revenue out into the market when they should be further leveraging their platform and its capabilities. Love the product but somewhat disappointed in the near term product push.
Sonos (SONO) earnings report: here is the scoopSome investors have voiced their concerns about the competitive home audio market. On the other hand, the bulls are confident of the company’s loyal customer base and the expanding product portfolio. A unique thing for Sonos is that its devices are compatible with Alexa voice services and the company is working to make them compatible with Google Assistant and Apple’s Siri.
The next quarter results will be released after market close on September 10, 2018. The company had reported revenue of $992.5 million for the fiscal year ending September 2017. This year the revenue is expected to cross $1 billion.
www.finstead.com