Sonim Technologies (SONM) Projected to Post Earnings on Friday

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

Sonim Technologies (NASDAQ:SONM) last announced its quarterly earnings data on Friday, October 31st. The company reported ($3.86) earnings per share (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 company had revenue of $16.21 million for 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 Trading Up 15.3%

NASDAQ:SONM opened at $5.97 on Friday. The stock has a market capitalization of $6.15 million, a PE ratio of -0.45 and a beta of 1.57. Sonim Technologies has a 1-year low of $2.52 and a 1-year high of $62.28. The firm has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $9.47.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sonim Technologies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sonim Technologies has an average rating of “Sell”.

Institutional Investors Weigh In On Sonim Technologies

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

About Sonim Technologies

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.