We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sonos Inc (SONO - Free Report) recently unveiled Move 2, which is the next-generation version of its Move speaker. The company noted that the portable Move 2 is one of its most sustainable products till date.
Sonos highlighted that Move 2 lowers idle energy usage by more than 40%. Further, the speaker design uses recycled plastics and has a removable/replaceable battery to boost its product life. Also, the packaging for the speaker uses sustainably sourced material and zero virgin plastic, and is “curbside recyclable”.
Move 2 features completely revamped hardware and software, and advanced acoustics (featuring dual-tweeters) to deliver detailed stereo sound and deep bass even outdoors.
The new speaker delivers up to 24 hours of battery life which is double the playback time of the original Move speaker, added SONO. Move 2 has a USB-C port which enables easy charging of phone/ electronics while on the go.
Move 2 speaker comes with an IP56 rating, meaning it is dirt and water resistant. It has the same new user interface as the recently launched Era speakers. The intuitive interface includes a capacitive volume slider for simple control as well as uses Sonos Voice Control, the Sonos app, Amazon Alexa, Apple AirPlay2 and Bluetooth to pause, play, check battery, and so on.
Priced at $449, Move 2 will be available globally beginning from Sep 20, 2023.
Sonos operates as a consumer electronics company primarily involved in manufacturing smart speakers with immersive sound experiences. The company is likely to benefit from secular growth trends in the global audio and video market.
In March 2023, SONO rolled out two new smart speakers, Sonos Era 300 and Sonos Era 100.
The company is looking to tap growing demand for spatial audio experience with the launch of new speakers. Per a report from Expert Market Research, the global 3D audio market size is expected to witness a CAGR of 16% between 2023 and 2028 and reach $19.78 billion.
SONO currently sports a Zacks Rank #1 (Strong Buy). The stock lost 14.9% compared with the sub-industry’s gain of 13.5% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 EPS has increased 5.1% in the past 60 days to $2.86. BMI’s earnings beat estimates in the last four quarters, the average surprise being 6.7%. Shares of BMI have surged 69.6% in the past year.
The Zacks Consensus Estimate for Synopsys’ fiscal 2023 EPS is pegged at $11.09, up 2.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.4%.
SNPS earnings surpassed estimates in the last four quarters, the average beat being 4.2%. Shares of SNPS have rallied 39.5% in the past year.
The Zacks Consensus Estimate for Adobe’s fiscal 2023 EPS has remained unchanged in the past 60 days at $15.70. ADBE’s earnings outshined estimates in the last four quarters, the average surprise being 3.1%. Shares of ADBE have jumped 46.3% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sonos (SONO) Unveils Next-Generation Portable Move Speaker
Sonos Inc (SONO - Free Report) recently unveiled Move 2, which is the next-generation version of its Move speaker. The company noted that the portable Move 2 is one of its most sustainable products till date.
Sonos highlighted that Move 2 lowers idle energy usage by more than 40%. Further, the speaker design uses recycled plastics and has a removable/replaceable battery to boost its product life. Also, the packaging for the speaker uses sustainably sourced material and zero virgin plastic, and is “curbside recyclable”.
Move 2 features completely revamped hardware and software, and advanced acoustics (featuring dual-tweeters) to deliver detailed stereo sound and deep bass even outdoors.
The new speaker delivers up to 24 hours of battery life which is double the playback time of the original Move speaker, added SONO. Move 2 has a USB-C port which enables easy charging of phone/ electronics while on the go.
Move 2 speaker comes with an IP56 rating, meaning it is dirt and water resistant. It has the same new user interface as the recently launched Era speakers. The intuitive interface includes a capacitive volume slider for simple control as well as uses Sonos Voice Control, the Sonos app, Amazon Alexa, Apple AirPlay2 and Bluetooth to pause, play, check battery, and so on.
Sonos, Inc. Price and Consensus
Sonos, Inc. price-consensus-chart | Sonos, Inc. Quote
Priced at $449, Move 2 will be available globally beginning from Sep 20, 2023.
Sonos operates as a consumer electronics company primarily involved in manufacturing smart speakers with immersive sound experiences. The company is likely to benefit from secular growth trends in the global audio and video market.
In March 2023, SONO rolled out two new smart speakers, Sonos Era 300 and Sonos Era 100.
The company is looking to tap growing demand for spatial audio experience with the launch of new speakers. Per a report from Expert Market Research, the global 3D audio market size is expected to witness a CAGR of 16% between 2023 and 2028 and reach $19.78 billion.
SONO currently sports a Zacks Rank #1 (Strong Buy). The stock lost 14.9% compared with the sub-industry’s gain of 13.5% in the past year.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some better-ranked stocks worth consideration in the broader technology space are Badger Meter (BMI - Free Report) , Synopsys (SNPS - Free Report) and Adobe (ADBE - Free Report) . Badger Meter sports a Zacks Rank #1 while Synopsys and Adobe, each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Badger Meter’s 2023 EPS has increased 5.1% in the past 60 days to $2.86. BMI’s earnings beat estimates in the last four quarters, the average surprise being 6.7%. Shares of BMI have surged 69.6% in the past year.
The Zacks Consensus Estimate for Synopsys’ fiscal 2023 EPS is pegged at $11.09, up 2.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.4%.
SNPS earnings surpassed estimates in the last four quarters, the average beat being 4.2%. Shares of SNPS have rallied 39.5% in the past year.
The Zacks Consensus Estimate for Adobe’s fiscal 2023 EPS has remained unchanged in the past 60 days at $15.70. ADBE’s earnings outshined estimates in the last four quarters, the average surprise being 3.1%. Shares of ADBE have jumped 46.3% in the past year.