|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.22 - 5.33|
|52 Week Range||4.90 - 7.32|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.64|
Fitbit is due to report earnings Monday afternoon, with the focus on debut sales of the Ionic smartwatch as well as new health ventures.
The Fed rocked the markets in the past week, and there's a risk it could do so again when Fed Chair Jerome Powell speaks for the first time to Congress.
Fitbit (FIT) recently agreed to acquire the cloud-based health start-up Twine Health for an undisclosed amount. Twine Health was founded in 2014, and it has raised $9.8 million in funding to date, according to CrunchBase. Twine is a cloud-based health platform for chronic disease management and connects patients with doctors and health administrators.
Fitbit's (FIT) focus on healthcare platforms is likely to drive the upcoming fourth-quarter results. However, competition remains a major concern.
Fitbit (FIT) stock has fallen 12.5% since the firm announced its 3Q17 results on November 1, 2017. Fitbit has been affected by declining sales over the last two years, and the company has attributed this fall in sales to saturation in developed markets in the United States and Europe (EFA). Although Fitbit has introduced various products in the last two years, device sales haven’t met expectations. Fitbit’s management is still optimistic about long-term device sales and had stated that Fitbit was the number-one Health and Fitness application downloaded on iOS and Android (GOOG)(GOOGL) in 3Q17.
NEW YORK, NY / ACCESSWIRE / February 21, 2018 / U.S. markets all closed in the red on Tuesday, with the Dow and the S&P 500 breaking a 6 day win streak as Walmart posted its worst decline since January ...
By late 2016, Pebble was forced to sell its software and intellectual property to another wearable giant, Fitbit, for less than $40 million -- an amount that reportedly barely covered Pebble's debt. Pebble had passed through the accelerator's program in the winter of 2011 and, like many alums, Migicovsky had formed strong bonds with both his fellow founders and with YC execs, including its president, Sam Altman. "Seven years later ... I was still phoning Sam at 11 p.m. to get help in that deal" to Fitbit, says Migicovsky with a laugh.
Although Apple’s (AAPL) talk of doubling services revenue by 2020 seems to have somewhat overshadowed what it is doing on the hardware front, the company’s fiscal 1Q18 (December quarter) report turned out to be an important lesson for anyone interested in understanding its commitment to hardware. Apple said that the December 2017 quarter was the best ever for its smartwatch business, with Apple Watch revenue and unit shipments growing over 50% YoY (year-over-year). Apple’s smartwatch growth is noteworthy.
TWLO stock drew comparisons from Fitbit Inc (NYSE:FIT) and GoPro Inc (NASDAQ:GPRO) as one off those one-and-done IPO unicorns that jumped big after going public, but has done nothing but fall since. Unlike FIT and GPRO, TWLO has an attractive long-term growth narrative in a secular growth market. Also unlike FIT and GPRO, TWLO has a big opportunity to grow margins and become insanely profitable.
SAN FRANCISCO, Feb. 14, 2018-- Bugcrowd, the leader in crowdsourced security testing, announced today its customer Fitbit, the leading global wearables brand, expanded its public bug bounty program to ...