6.76 +0.02 (0.30%)
After hours: 5:42PM EDT
|Bid||6.75 x 36200|
|Ask||6.78 x 21500|
|Day's Range||6.60 - 6.79|
|52 Week Range||4.51 - 7.79|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.10|
Fitbit , the leading global wearables brand, today announced that it expects to release results for its second quarter 2018 on Wednesday, August 1, after market close. In conjunction with a press release, management will host a conference call at 5:00 p.m.
While the Versa’s success may now just be a baby step, it does suggest that Fitbit could eventually see profitability if it plays its cards right. Although Fitbit faces stiff competition in the smartwatch segment from the Apple Watch, which has become insanely popular over the years, one advantage Fitbit has over Apple is that it is compatible with both iOS and Android products. Additionally, Fitbit has been expanding to newer markets.
Shares of wearables maker Fitbit (NYSE:FIT) were red-hot in May and early June. Fitbit’s latest and greatest smartwatch, Versa, is awesome, but not awesome enough to change the landscape of the smartwatch market that is over-crowded with competitors and dominated by Apple (NASDAQ:AAPL). Thus, the data side of the wearables industry is commoditized, and Fitbit could inevitably be squeezed out of that, too.
Fitbit's (FIT) new product launches and diversification strategy are likely to drive growth. However, increasing competition remains a concern.
Alphabet's (GOOGL) Verily decides to set up a venture by joining forces with ResMed in order to reach patients with sleep apnea.
The top U.S. securities regulator said that a second person was involved in a 2016 scheme to file a fake takeover notice of Fitbit Inc. to manipulate its stock price. The Securities and Exchange Commission said Wednesday it filed civil charges against Mark E. Burns, a 30-year-old resident of Norfolk, Va. He couldn’t immediately be reached for comment. The SEC said that Mr. Burns and his colleague Robert W. Murray bought call options on Fitbit stock and then filed a sham notice that a Shanghai-based company intended to launch a bid to takeover the fitness-tracker maker.
Alphabet's Verily is spinning out another joint venture, this time with ResMed, to help people with undiagnosed and untreated sleep apnea. Most people with sleep apnea have never been diagnosed. Thats a huge, and costly problem, as sleep apnea is correlated with a wide range of medical conditions, including heart failure, obesity and strokes.
The U.S. Securities and Exchange Commission on Wednesday said it had filed additional charges against a second man who it said was involved in a scheme last year to orchestrate a hoax takeover bid and ...
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on July 9. Index (PMI) data, output in the Consumer Goods sector is rising.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on July 6. Index (PMI) data, output in the Consumer Goods sector is rising.
If the smart speaker market looks much the same in three years' time as it does today, Sonos should be in good shape. A little over two months after reports of IPO plans emerged, Sonos has filed to go public on the Nasdaq under the symbol SONO. The company hasn't shared yet how much it's looking to raise, or what valuation it's aiming for.
A dearth of new office buildings coming on the market for the next few years is helping push up office rents.
Fitbit (FIT) stock rose 21% in June to close at $6.53. In the trailing 12 months, Fitbit stock has risen 21%. Fitbit stock has been on an uptrend since the company launched its Fitbit Versa, which is expected to drive device sales.
Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
For today, WallStEquities.com scans Fitbit Inc. (NYSE: FIT), FLIR Systems Inc. (NASDAQ: FLIR), Fortive Corp. (NYSE: FTV), and Garmin Ltd (NASDAQ: GRMN). Demand is driven by spending on laboratory analysis services, scientific research, and other end-user markets.
Garmin (GRMN) has expanded its line of smartwatch products. The company recently unveiled three new models of its high-end Fenix 5 line of watches, a move that could put pressure on Fitbit (FIT), Apple, Xiaomi, and Samsung (SSNLF) in the already highly competitive wearable device market.
The finance executive who helped take Fitbit (FIT) public in 2015 left the company this month. After four years on the job, William Zerella resigned as Fitbit’s CFO to take a finance chief position at an autonomous driving startup.
Can what was once a hot item on Wall Street find favor for a second time? It has been three years since FIT stock debuted amidst much fanfare and Wall Street banging the drums that the next, next, big, big thing had arrived for investors. The good news is the decline of 87% has been putting in some quality time, pardon the pun, on the FIT stock price chart, and shares look poised to rally higher.
Pandora (NYSE:P) has launched partnerships with Snap (NYSE:SNAP) and AT&T Inc (NYSE:T) that look poised to boost Pandora’s financial results and Pandora stock over the medium term. Within five years, Pandora stock should triple from current levels. Under the deal with AT&T, the company’s customers who subscribe to its new unlimited data plan will receive “Pandora Premium or one of a few other streaming services for free,” Marketwatch reported.