The latest update is out from Sonos ( (SONO) ).
On February 24, 2025, Sonos, Inc. announced a new common stock repurchase program authorized by its Board of Directors, allowing for the repurchase of up to $150 million in common stock. This new program replaces the previous $200 million program, which had $11 million remaining. The repurchase program, which has no expiration date, will be funded through Sonos’ existing cash and cash equivalents or future cash flow, and its execution will depend on various factors such as stock price and market conditions. This move reflects Sonos’ strategic financial management and could impact its stock value and shareholder returns.
More about Sonos
Sonos (Nasdaq: SONO) is a leading sound experience brand known for inventing multi-room wireless home audio systems. The company is recognized for its innovative approach to delivering high-quality sound experiences, offering users access to a wide range of audio content with ease of control. Sonos is headquartered in Santa Barbara, California.
YTD Price Performance: -19.06%
Average Trading Volume: 1,979,455
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $1.42B
For a thorough assessment of SONO stock, go to TipRanks’ Stock Analysis page.