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iRobot Corporation Message Board

  • learningisdkey learningisdkey Jul 25, 2013 10:56 AM Flag

    Question for the board if anyone has time

    Yesterday, IRBT beat estimates but fell hard.
    Today, IRBT is higher by better than 3%, in a down market.

    My question is:

    Are today's buyers mostly "smart" money or retail money (such as me) catching a falling knife?

    Many thanks

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    • I read through the conference call on seeking alpha and could not see any reason for the drop. I am long and see no reason to sell.

    • profit takers no doubt as well as manipulators... they know that people bought into earnings and so they flushed them out... stole there shares.....I would call 20K buy order at close today more than retail...Back to 38 the way I through out technicals on this ...I bought at 15% drop....technicals said 31.40-32 entry...

    • Needham & Company analyst James Ricchiuti reiterated Buy rating and raised his price target on iRobot Corporation (NASDAQ: IRBT) from $32 to $39 following Q2 results.

      Ricchiuti comments, "Investors took profits in IRBT shares yesterday in the wake of the recent strong run-up after the company reported a solid Q2 EPS beat even after adjusting for a lower tax rate. Results benefitted from impressive 20% growth in the company's home robot business. The Defense & Security business was down 6% y/o/y, in line with expectations and putting this business on track to meet mgmt’s prior guidance. Q3 revenue guidance was in line and EPS guidance was modestly better than we were modeling, although overly aggressive (in our view) Street EPS numbers are likely to move lower. Mgmt reiterated its full-year revenue guidance and increased the bottom end of its EPS guidance as a result of the Q2 beat. We reaffirm our Buy rating and have increased our target price to $39 from $32, or 24x our 2014 non-GAAP EPS est, adding back net cash."

    • They are a solid company with no debt, cash on the books and an approx 20% growth rate. Only you can decide if the present valuation is the right point for you to invest. I have stated in my previous post, it is for me. I have been watching and patiently waiting until now. Hope that is some help to you?

31.24+0.07(+0.22%)Oct 8 4:00 PMEDT