|Bid||101.42 x 900|
|Ask||102.36 x 2200|
|Day's Range||101.45 - 102.48|
|52 Week Range||61.04 - 105.58|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||20.89|
|Earnings Date||Oct 28, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||2.44 (2.38%)|
|Ex-Dividend Date||Sep 14, 2020|
|1y Target Est||106.71|
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the Montana 750i, Montana 700i and Montana 700 GPS handheld series—the latest versatile and featured-packed additions to its popular lineup of outdoor navigation units. The large 5-inch glove-friendly touchscreen display is 50% larger than the previous Montana models, and with mounting options for a variety of activities, the Montana 700 series can be adapted for use on ATVs, boats, cars, motorcycles and RVs. Whether on- or off-road, these handhelds seamlessly transition from trails to road navigation thanks to the preloaded TopoActive and City Navigator maps (700i/750i only). The Montana 700i and 750i offer Garmin inReach satellite communication technology which enables two-way messaging, interactive SOS alerts, location tracking and weather updates.1
Garmin (NASDAQ: GRMN) reportedly paid a multimillion ransom to a group of Russian hackers who go by the name of Evil Corp in exchange for a decryption key to unlock files on its corporate network. The ransomware attack by the hackers last month caused outages for several days on various networks such as Garmin Connect, which affected its smartwatches and fitness trackers, and flyGarmin, the company's navigational support service for pilots. Garmin has not confirmed it paid a ransom, which could possibly run afoul of U.S. sanctions placed against Evil Corp. But BleepingComputer, the site that first reported the attack, says it confirmed Garmin received the decryption key.
Investors were bracing for some tough operating results from Garmin (NASDAQ: GRMN) for the second-quarter period that captures the most intense economic effects of the pandemic to date. In fact, Garmin's growth wins suggest it could boost sales in some big categories in 2020 while generating lots of cash. Sales in the marine, outdoor, and aviation divisions all slowed, too, but weren't as heavily affected by COVID-19 challenges as investors had feared.