Is an Extech Instruments Sound Level Meter (Model 407730).
It is used to measure the loudness of sound/noise, in decibels (dB).
Measuring range: 40–130 dB
Accuracy: ±2 dB
A and C weighting: for different types of noise measurements
Uses: checking workplace noise, machinery noise, audio systems, and noise-reduction work.
It has a microphone at the top that detects the sound.
So basically, it is a digital noise/decibel meter.