Sonim Technologies Inc’s Quiet Period Will End on June 19th (NASDAQ:SONM)
Sonim Technologies’ (NASDAQ:SONM) quiet period will expire on Wednesday, June 19th. Sonim Technologies had issued 3,571,429 shares in its public offering on May 10th. The total size of the offering was $39,285,719 based on an initial share price of $11.00. During Sonim Technologies’ quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
A number of analysts have weighed in on SONM shares. Lake Street Capital started coverage on Sonim Technologies in a report on Tuesday, June 4th. They set a “buy” rating and a $19.00 price target for the company. National Securities started coverage on Sonim Technologies in a report on Monday. They set a “neutral” rating and a $16.13 price target for the company. CIBC started coverage on Sonim Technologies in a report on Tuesday, June 4th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Oppenheimer started coverage on Sonim Technologies in a report on Tuesday, June 4th. They set an “outperform” rating and a $18.00 price target for the company.
Shares of Sonim Technologies stock opened at $17.52 on Friday. Sonim Technologies has a 1-year low of $9.66 and a 1-year high of $18.26.
TRADEMARK VIOLATION WARNING: “Sonim Technologies Inc’s Quiet Period Will End on June 19th (NASDAQ:SONM)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/sonim-technologies-incs-quiet-period-will-end-on-june-19th-nasdaqsonm/3040878.html.
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 Article: Diversification in Your Portfolio
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.