Sonos, which filed to go public on Friday, has built up a respectable business. But the speaker market is undergoing a major shift to smart speakers, and Sonos runs the risk of being relegated to being a secondary player — or being boxed out of the market. The company's sales growth has already slowed down and it has struggled with red ink. Sonos has amassed a fervent fan base over the years. But that doesn't mean investors should get overly enthusiastic about the company's stock...
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