|Bid||66.70 x 1200|
|Ask||66.73 x 800|
|Day's Range||66.10 - 66.82|
|52 Week Range||57.01 - 70.77|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||19.99|
|Earnings Date||Feb 20, 2019|
|Forward Dividend & Yield||2.12 (3.21%)|
|1y Target Est||68.00|
Fit Pay, Inc., a wholly owned subsidiary of Nxt-ID, Inc. (NASDAQ: NXTD), today announced the expansion of Garmin PayTM, a contactless payment solution, to the 11th smartwatch from Garmin International, Inc. The new smartwatch, the vívoactive 3 Music with LTE connectivity, launched in conjunction with the Consumer Electronics Show in Las Vegas, Nevada on January 7, 2019. The Garmin Pay contactless payment feature and digital wallet, which is powered by FitPay, enables consumers to make highly secure contactless payments at millions of near field communication enabled (NFC) point-of-sale (POS) terminals worldwide. "We introduced Garmin Pay in 2017 with the launch of the vívoactive 3, and we are pleased with how this feature has expanded to encompass additional product lines, including smartwatches built for athletes, adventure seekers, pilots and more," said Dan Bartel, Garmin vice president of global consumer sales.
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the GTR 200B, a comm radio and Bluetooth-enabled intercom designed specifically for experimental and amateur-built aircraft. In addition to advanced auto-squelch, stereo intercom, alert inputs, standby frequency monitoring and more, Bluetooth connectivity allows pilots to connect a smartphone or tablet to the comm radio, adding even more capability to the cockpit. “TeamX, our dedicated team for experimental and amateur-built aircraft, continues to raise the bar with the introduction of the GTR 200B, the industry’s first, all-in-one comm radio with built-in intercom and Bluetooth,” said Carl Wolf, vice president of aviation sales and marketing.
# Garmin Ltd ### NASDAQ/NGS:GRMN View full report here! ## Summary * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for GRMN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GRMN. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $9.94 billion over the last one-month into ETFs that hold GRMN are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. 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. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Garmin Ltd. invites shareholders and investors to listen to its fourth quarter 2018 earnings conference call that will be broadcast over the Internet on Wednesday, February 20, 2019 at 10:30 a.m.
Fitbit (NYSE:FIT) is the type of stock investors can talk themselves into. FIT stock can look cheap, trading at about 0.4 times its revenue, after backing out its net cash. Its cash, based on its fourth-quarter free cash flow guidance, by the end of 2018 should have reached roughly half the market capitalization of Fitbit stock. As a result, FIT stock, at worst, will have a lot of time to turn itself around. But I've long been skeptical toward Fitbit stock, and truthfully not all that much has changed. Aspects of Fitbit's balance sheet and valuation are intriguing. FIT as a business, however, hardly looks attractive. Its 2018 guidance suggest that its sales ended up declining last year. And its adjusted EBITDA was negative, even after excluding its nearly $100 million of share-based compensation. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Morgan Stanley: 7 Risky Stocks to Sell Now But FIT can improve. Back in October, I even called out Fitbit as one of 16 potential turnarounds. But it will have to improve a great deal before its results can support the current price of Fitbit stock. And FIT still hasn't shown nearly enough strength to cause investors to expect that improvement. ### The Optimism Toward Fitbit Stock There's been some optimism toward FIT of late. Fitbit stock has risen 34% just since late October. A Q3 earnings beat certainly helped its cause. And as Larry Ramer pointed out a week later, it seemed like Fitbit was headed in the right direction while Apple (NASDAQ:AAPL) went the wrong way, a noted reversal from recent trends. That said, this seems more like a "dead-cat bounce" for FIT stock than a real rally. The 34% gains have come off an all-time low for Fitbit stock. The shares are still down about 4% over the past year. FIT essentially hasn't moved since the beginning of 2017, even as the broad markets in general and tech in particular have done quite well. And FIT still remains a long, long way from supporting the current price of Fitbit stock. ### The Financial Problem Facing FIT Stock Fitbit's obvious problem is that its business is declining. Its 2018 top-line guidance of about $1.5 billion is almost 20% below its 2015 revenue. Moreover, its 2018 gross margin should be down 700 basis points or so versus 2017 because Fitbit has lost its pricing edge amid competition from Apple and Garmin (NASDAQ:GRMN). FIT is still unprofitable in terms of both operating income and EBITDA. Its cost cuts lowered its operating expenses by about 7% in both 2017 and 2018, assuming it meets its 2018 cost-cutting guidance. There shouldn't be much more room left for additional cost savings, and Fitbit has to spend money to compete against its larger rivals. To reiterate a point I've made before, it's worth considering what would be required for FIT stock to have a still-rather-aggressive price-earnings multiple of 30. At the current price of FIT stock, in order to reach that multiple, FIT would require 19c of adjusted earnings per share. With 267 million shares and a 25% tax rate (both reflect the company's guidance), FIT needs $68 million in pre-tax profit. But its 2018 operating loss was likely at least $100 million, even excluding another $100 million of share-based compensation. So Fitbit has to add $168 million of profit - or 11% of its revenue - just for FIT stock to reach a P/E multiple of 30. How, exactly, can it generate an additional $168 million of profit? Its operating expenses probably can't drop much more. Its gross margin continues to decline, and pricing pressure will probably place a ceiling on that as well. If that's the case, with a gross margin of 40%+, the company would have to increase its sales by about $420 million, or nearly 30%, with no associated increase in its sales, general and administrative costs. Realistically, Fitbit needs its revenue to grow roughly 50%, given that its operating expenses have to start rising at least somewhat along with its revenue. And, in this model, that revenue growth would only support the current price of Fitbit stock. ### The Bet on Fitbit Stock That revenue growth seems unlikely to materialize. Fitbit is hoping to benefit from partnerships with insurers and corporations to drive demand for its products. But that demand can go to Garmin, Apple, and Samsung as well. And there seems little reason at this point to trust Fitbit to execute well. So really the only bullish thesis for Fitbit stock that makes any sense is the belief that it can be acquired. It seems highly unlikely that Fitbit can grow enough on its own to support the current valuation of Fitbit stock. But could FIT be acquired? Perhaps. But that, too, seems like a risky bet. Alphabet (NASDAQ:GOOGL,GOOG) could be a potential, logical acquirer, given its hardware aspirations. But it's not as if Alphabet can cut Fitbit's roughly $740 million of operating expenses by $100 million. Alphabet would still have to buy an unprofitable business that needs a turnaround. Other companies potentially could be interested at some point, but FIT almost certainly has to show revenue growth and improve its margins first. And so we circle back to the company's key problem. FIT simply doesn't have a very good business. Its sales are declining, and its competition is intense, while its execution has been subpar. And we've already seen the "commoditization" thesis play out with smartphones and upend Apple stock. The same "race to the bottom" pricing will hit wearables and smartwatches over time. Despite all that, FIT stock, by any metric other than price-revenue, is sharply overvalued. That's a tough combination and one that needs to change. Truthfully, after three years of disappointing results by FIT, I see little reason to believe it will. As of this writing, Vince Martin has no positions in any securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Why You Shouldn't Bet on Fitbit Stock appeared first on InvestorPlace.
The name of the game in investing is "total return." When you buy a stock, your total return comes from two places - price appreciation and dividends. For the longest time tech stocks were never mentioned hand-in-hand with dividend stocks. Pick up Amazon.com (AMZN) for $300, sell half at a thousand bucks a few years later, and you're sitting on free shares worth $1,600 each a year after that. That's the blueprint! Many tech stocks used to offer share splits as their prices rocketed higher. However many technology companies are maturing, and with breakneck growth in the rear-view mirror, and they need a different way to draw investors. The answer, for many, has been to start delivering dividends, paying investors for owning their shares. To be clear, tech stocks that pay dividends aren't done growing. The increased presence of technology in all aspects of human life means that there's still plenty of upside, even for Wall Street's biggest tech companies. To wit, old-guard blue chip Microsoft (MSFT) has surpassed Google parent Alphabet (GOOGL) and Facebook (FB) in market value this year, and it's neck-and-neck with Amazon. Here are 10 tech stocks that offer an ideal combination of dividends and growth potential. They might not be the flashiest names in the sector, but they deserve attention nonetheless. ### SEE ALSO: 101 Best Dividend Stocks to Buy for 2019 and Beyond
# Garmin Ltd ### NASDAQ/NGS:GRMN View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for GRMN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GRMN. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding GRMN is favorable, with net inflows of $20.53 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. 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. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Micron (MU) announces at CES that its memory solutions have been selected by Mobileye to expedite the development of ADAS capabilities in Level 1-5 self-driving vehicles.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced that its popular line of ECHOMAP™ Plus sonar combination units will now include its new BlueChart g3 and LakeVü g3 cartography products built-in for coastal and inland boating and fishing. The new g3 charts and maps blend the best of both Garmin and Navionics content together for the first time to deliver unparalleled coverage and detail. The Garmin ECHOMAP Plus series is available in a range of display sizes, and sold both with and without transducers, to accommodate nearly every angler and budget.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the Panoptix LiveScope™ LVS12, a new transducer in the award-winning Panoptix LiveScope series that offers both 30-degree forward and 30-degree down real-time scanning sonar views. The single-array LiveScope LVS12 transducer is an economical solution for inland and near-shore anglers without the need for a black box. Garmin’s revolutionary Panoptix™ all-seeing sonar technology was the first to deliver live sonar images in real-time – forwards, backwards, and below the boat – even while stationary.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced an integral collaboration with German automobile company Daimler AG to bring its trusted wearable technology into Mercedes-Benz vehicles as the outcome of their Fit & Healthy project first shown at CES 2017. Thanks to this new joint effort, Daimler will introduce a Mercedes-Benz branded version of the Garmin vívoactive® 3 GPS smartwatch to Mercedes-Benz vehicle owners, and provide well-being features that monitor their stress levels and heart rate data once the watch is connected to the Mercedes me mobile application. Garmin will showcase many of its automotive OEM products, including the customized Mercedes-Benz vívoactive 3 integration, in booth #30342 at this year’s Consumer Electronics Show (CES) in Las Vegas, Jan. 8-11.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the vívoactive 3 Music – connected by Verizon, its first GPS smartwatch with 4G LTE connectivity for safety features, music downloads and text messages right from the wrist – no phone required. Whether workouts happen in the gym or on the road, first thing in the morning or at dusk, alone or with a group, this new vívoactive 3 Music is designed to help users stay connected on the go and in case of an emergency. New safety features built into the vívoactive 3 Music (Verizon), including assistance and incident detection, give users and their loved ones peace of mind.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced a pivotal upgrade to the Garmin Drive™ product line with a new wave of portable navigation devices (PNDs) designed to simplify the driving experience for road trips and daily commutes alike. By focusing on features that matter most, Garmin Drive customers can benefit from high-resolution edge-to-edge displays, easy-to-follow maps with 3D buildings and terrain1, and valuable travel information to assist on road trips. The road trip-ready Garmin Drive lineup will incorporate the vast database of notable sites from leading media brand HISTORY® for the first time, a U.S. National Parks directory, and TripAdvisor® traveler ratings.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced a host of updates that showcase the ongoing growth of its Automotive OEM (original equipment manufacturer) business as well as the robust capabilities of its diverse product lineup. Garmin will unveil the latest upgrades to its world-renowned navigation software, enhancements to its infotainment platforms, a demo exhibiting augmented reality technology, and their current work on integrated cameras and wearable solutions. Garmin will present its automotive OEM products in booth (30342) at this year’s Consumer Electronics Show (CES) in Las Vegas, Jan. 8-11.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Garmin Ltd. (NASDAQ:GRMN) has been paying Read More...
Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the certification and availability of the G500H TXi touchscreen flight display for normal category VFR helicopters. The G500H TXi features a vastly expanded feature set that offers an array of panel possibilities and a streamlined upgrade path for helicopters already equipped with the original G500H flight display. Additionally, a new software version for the GTN™ 650/750 series has been approved for helicopters.
Highlighted as Zacks Bull and Bear of the Day Big Lots, Insperity, Garmin, Qualcomm and TiVo
Tech stocks have been battered times recently, and though the sector has proven it can rebound from volatility strongly, it is likely that tech-minded investors are joining the fear-averse masses and searching for stability in their picks. Check out these three stocks to buy now!
Not only are outdoor enthusiasts usually less impressed by traditional gifts (clothes, games, etc.) but their preferred realm of technical gear is vast and confusing. As a pack weight-conscious backpacker, the idea of a light-up tent sounded ridiculous at first, but Big Agnes is onto something with their line of mtnGLO tents. The company has embedded thin strips of LED lighting into the tent itself, illuminating the inside more evenly than you can pull off with a headlamp alone without overpowering your hard-earned nature vibes.
Fitbit's (FIT) new update for its smartwatches will likely entice customers with innovative apps and expanding partnerships with popular brands.