Sonim Technologies (NASDAQ:SONM) Posts Quarterly Earnings Results, Misses Estimates By $8.15 EPS

Sonim Technologies (NASDAQ:SONM) posted its quarterly earnings data on Wednesday. The company reported ($3.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $5.04 by ($8.15), Zacks reports.

Sonim Technologies Stock Performance

Shares of NASDAQ:SONM opened at $4.48 on Thursday. The company has a market cap of $6.68 million, a PE ratio of -0.33 and a beta of 1.93. Sonim Technologies has a 52 week low of $2.52 and a 52 week high of $38.52. The firm has a 50 day simple moving average of $3.97 and a 200 day simple moving average of $5.29.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sonim Technologies in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Sonim Technologies

A hedge fund recently bought a new stake in Sonim Technologies stock. XTX Topco Ltd bought a new position in Sonim Technologies, Inc. (NASDAQ:SONM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 SEC filing. 3.26% of the stock is owned by hedge funds and other institutional investors.

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.