Sonim Technologies (SONM) Projected to Post Quarterly Earnings on Friday

Sonim Technologies (NASDAQ:SONM) will likely be issuing its results before the market opens on Friday, January 30th. Analysts expect the company to announce earnings of $10.97 per share for the quarter.

Sonim Technologies (NASDAQ:SONM) last posted its quarterly earnings data on Friday, October 31st. The company reported ($3.86) EPS for the quarter, missing analysts’ consensus estimates of $5.40 by ($9.26). Sonim Technologies had a negative return on equity of 1,627.75% and a negative net margin of 56.48%.The business had revenue of $16.21 million during the quarter, compared to the consensus estimate of $34.34 million. On average, analysts expect Sonim Technologies to post $-2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sonim Technologies Stock Performance

NASDAQ SONM opened at $6.49 on Thursday. The stock has a 50-day simple moving average of $5.00 and a 200 day simple moving average of $9.28. Sonim Technologies has a twelve month low of $2.52 and a twelve month high of $61.00. The stock has a market capitalization of $6.68 million, a PE ratio of -0.48 and a beta of 1.57.

Hedge Funds Weigh In On Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd acquired a new position in Sonim Technologies, Inc. (NASDAQ:SONM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,614 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned approximately 0.14% of Sonim Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 3.26% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sonim Technologies in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sonim Technologies has a consensus rating of “Sell”.

Sonim Technologies Company Profile

Sonim Technologies, Inc (NASDAQ: SONM) is a specialty device manufacturer focused on mission-critical communications. The company designs, develops and markets ultra-rugged mobile handsets, push-to-talk (PTT) devices, accessories and supporting software platforms for customers operating in the most demanding environments. Sonim’s product line emphasizes durability, extended battery life and secure connectivity, tailored to industries where reliable voice and data services are essential.

At the core of Sonim’s offering are its hardened smartphones and PTT devices, engineered to meet or exceed military- and industrial-grade specifications for shock, water, dust and temperature resistance.