Wall Street analysts expect Sonim Technologies Inc (NASDAQ:SONM) to report earnings per share (EPS) of ($0.01) for the current quarter, Zacks reports. Two analysts have issued estimates for Sonim Technologies’ earnings. The lowest EPS estimate is ($0.03) and the highest is $0.02. The business is scheduled to issue its next earnings results on Wednesday, January 29th.
According to Zacks, analysts expect that Sonim Technologies will report full-year earnings of ($0.92) per share for the current fiscal year, with EPS estimates ranging from ($1.05) to ($0.79). For the next financial year, analysts forecast that the company will post earnings of $0.04 per share, with EPS estimates ranging from ($0.18) to $0.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Sonim Technologies.
Sonim Technologies (NASDAQ:SONM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The business had revenue of $28.85 million during the quarter, compared to analyst estimates of $31.25 million.
Shares of NASDAQ SONM traded up $0.04 during midday trading on Friday, hitting $2.46. The company’s stock had a trading volume of 244,061 shares, compared to its average volume of 157,196. Sonim Technologies has a 12-month low of $2.10 and a 12-month high of $18.26. The business’s 50 day moving average is $2.50 and its two-hundred day moving average is $7.58. The company has a current ratio of 2.22, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.
In related news, major shareholder Brc Partners Opportunity Fund, bought 25,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $2.23 per share, with a total value of $56,865.00.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Sonim Technologies in the 2nd quarter worth $175,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Sonim Technologies in the 3rd quarter worth $181,000. Northern Trust Corp acquired a new stake in shares of Sonim Technologies in the 2nd quarter worth $255,000. Jane Street Group LLC acquired a new stake in shares of Sonim Technologies in the 2nd quarter worth $259,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Sonim Technologies in the 2nd quarter worth $424,000. 39.86% of the stock is owned by hedge funds and other institutional investors.
About Sonim Technologies
Sonim Technologies, Inc provides ruggedized mobile phones and accessories for task workers. It offers ruggedized mobile phones, such as Sonim XP8, Sonim XP5s, and Sonim XP3 based on the Android platform that are capable of attaching to public and private wireless networks; industrial-grade accessories, including remote speaker microphones, multi-bay charging accessories, and in-vehicle hands-free voice communications solutions; and cloud-based software and application services.
Featured Story: Dividend Yield
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sonim Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonim Technologies and related companies with MarketBeat.com's FREE daily email newsletter.