Sonos SONO announced the launch of its new speaker, Sub Mini, to further expand its home theater product line. The speaker is priced at $429 and is scheduled to be launched on Oct 6, 2022.The Sub Mini features an acoustically sealed cabinet with woofers facing inward that creates a force-canceling effect, which reduces distortion and provides its users with an immersive audio experience. It can also be paired with the company’s existing line of home theater products like Beam or Ray.The new speaker can be easily installed via the Sonos app. Customers can also leverage Trueplay to fine-tune Sub Mini’s sound, which adjusts the speaker’s sound per its surroundings.Sonos, Inc. Price and Consensus Sonos, Inc. price-consensus-chart | Sonos, Inc. QuoteHeadquartered in Santa Barbara, CA, Sonos operates as a consumer electronics company that is primarily involved in the manufacturing. In the last reported quarter, the company delivered non-GAAP earnings of 19 cents per share, down 29.6% on a year-over-year basis.Quarterly revenues declined 1.8% (up 2.2% on a constant-currency basis or cc) year over year to $372 million, owing to soft demand for its products amid continued supply constraints and unfavorable foreign exchange movements. Revenues for Sonos speakers were $314.2 million, up 1.3% from the prior-year quarter’s levels.The company also slashed its guidance for 2022, owing to weak global macroeconomic conditions, lingering supply-chain troubles, moderating run rates in business and caution from some of the company’s retail channel partners.Sonos now expects revenues to increase 1-2% year over year in the range of $1.73-$1.76 billion. The company’s earlier expected revenues increased 14-16% year over year in the range of $1.95-$2 billion.Sonos currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 57.8% compared with the industry’s fall of 36% in the past year.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader technology space are Cadence Design Systems CDNS, Badger Meter BMI and Arista Networks ANET. Arista Networks and Badger Meter currently sport a Zacks Rank #1 (Strong Buy), whereas Cadence Design Systems presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for CDNS 2022 earnings is pegged at $4.11 per share, rising 5.7% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.7%.Cadence’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 9.8%. Shares of CDNS have jumped 6.3% in the past year.The Zacks Consensus Estimate for BMI’s 2022 earnings is pegged at $2.30 per share, up 6% in the past 60 days.Badger Meter’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters, with the average being 12.6%. Shares of BMI have lost 3.7% of their value in the past year.The Zacks Consensus Estimate for Arista Network’s 2022 earnings is pegged at $4.04 per share, increasing 10.1% in the past 60 days. The long-term earnings growth rate is anticipated to be 18.6%.Arista Network’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.1%. Shares of ANET have increased 39.3% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Badger Meter, Inc. (BMI): Free Stock Analysis Report Sonos, Inc. (SONO): Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research