Sonos’s stock dinged as BofA ends bullish call

A BofA Securities analyst sounded caution on shares of Sonos Inc. Tuesday, downgrading the stock amid concerns about promotional activity and weakness in the consumer-electronics market.

Shares of Sonos SONO, -6.95%, which makes smart speakers and other home-audio products, were off about 7% in morning action Tuesday.Haas previously was more upbeat about Sonos’s resilience given that the company plays toward higher-end shoppers, but he’s “now seeing signs that its premium pricing is cracking.”

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Teradata’s stock steadily climbs on results in line with analyst forecastsJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
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