Sonos Shares Move Up Ahead of Wall Street Test as Cost Risks Stay in Focus
Sonos Inc. was up 3.6% at $16.07 late Tuesday morning, moving ahead of the tech sector. The Nasdaq speaker company reopened after the U.S. holiday break. Shares moved between $15.57 and $16.21. Market cap stood near $1.93 billion. Timing could play a part. Sonos CFO Saori Casey is set to join Jefferies analyst Brent Thill on Wednesday for a fireside chat, offering investors a chance to ask about demand, product schedules and component costs. Sonos says its connected audio products are in use in more than 17 million homes across over 60 countries.