Sonos’s Blowout Quarter and Ambitious Outlook Has Wall Street Gushing. The Stock Is Surging.

(SONO) crushed fiscal fourth-quarter expectations on Wednesday, as consumer spending shifted toward at-home entertainment because of the pandemic. Now, Wall Street analysts are gushing over the company’s quarter and fiscal 2021 outlook. The company (ticker: SONO) reported fiscal fourth-quarter earnings of 15 cents a share, well ahead of the 2 cents a share that analysts were expecting, according to FactSet.

Continue Reading

HEDGE accordingly