Financial GuidanceSonos' lack of reaffirming December quarter guidance adds to investor uncertainty ahead of earnings.
Leadership ChangesSonos is experiencing elevated uncertainty as the company searches for its next CEO, adding to investor concerns.
Market ValuationSonos currently trades at a premium to its average valuation, implying a negatively skewed risk/reward unless there is a material improvement in the demand backdrop.
Product FeedbackSonos has faced consistent negative consumer feedback from existing users who have complained about functionality issues with the new app.