|Bid||65.10 x 900|
|Ask||68.00 x 1000|
|Day's Range||64.39 - 65.53|
|52 Week Range||50.86 - 65.96|
|PE Ratio (TTM)||21.09|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||2.12 (3.40%)|
|1y Target Est||62.50|
I am going to take a deep dive into Garmin Ltd’s (NASDAQ:GRMN) most recent ownership structure, not a frequent subject of discussion among individual investors. Ownership structure of a companyRead More...
Healthcare is undergoing a digital revolution aided by growth in wearables and virtual reality. Here are four stocks that are cashing in on the trend.
Garmin International Inc., a unit of Garmin Ltd. (GRMN), today announced the addition of new, cost-effective Garmin Navigation Database information for South America. This database will soon be available in the newly expanded Americas OnePak, which offers coverage in North, Central and South America and provides database updates across all Garmin avionics and a portable in a single aircraft. “Given the tremendous success of the Garmin Navigation Database, we’re excited to expand coverage even further to South America,” said Carl Wolf, vice president of aviation marketing and sales.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced the PRO 550 Plus, an all-in-one premium dog training and tracking system that combines a proven tube- style training remote with a simplified GPS tracking system. Hunters who keep track of their dogs from their vehicles will also benefit from the new Garmin DriveTrack™ 71, a lightweight 6.95-inch edge-to-edge touchscreen dashboard navigator that can track up to 20 dogs when paired with compatible handhelds. “The PRO-style dog training remote has been around for decades – because it’s preferred by serious dog trainers and hunters who want an ergonomic, instantaneous, no-look way to help train their dogs,” said Dan Bartel, Garmin vice president of global consumer sales.
I was wrong. Several years ago I reviewed the first Garmin Fenix 3 smartwatch. This was before the release of the Apple Watch. That’s key to this story. I declared Garmin would have a hard time selling the Fenix 3.
As wearables implement features that provide users more information on their health data, the devices are approaching the line for what they can do without FDA approval.
The US government is considering imposing tariffs on an additional $200 billion worth of Chinese imports in an escalating trade conflict between the world’s two leading economies. China is also planning retaliatory tariffs on $60 billion worth of goods imported from the United States. It turns out that Fitbit (FIT) could be among the casualties if the United States makes good on its threat to target an additional $200 billion worth of Chinese imports.
Garmin International, Inc., a unit of Garmin Ltd. (GRMN), today announced that the Cardiogram heart health app is now compatible with all Garmin wearables featuring optical heart rate, including many of the latest fēnix®, Forerunner®, and vívo series devices. The Cardiogram app provides advanced insights based on data from wearable devices, helping users better understand how activity and sleep affect their overall health. Partnering with the Department of Cardiology at the University of California, San Francisco, Cardiogram has combined data from optical heart rate sensors and DeepHeart, an artificial intelligence-based algorithm developed by Cardiogram, to detect major health conditions.
Apple (AAPL) bundles sales of products such as headphones, smart speakers, smartwatches, and other accessories into a category it reports as Other Products. They’re generally products whose sales are insignificant individually. The Other Products category is emerging as a major source of inspiration, particularly in the face of weak iPhone shipments.
Garmin Ltd. (GRMN) today announced that a family trust, of which Dr. Min H. Kao, the company’s co-founder and Executive Chairman, is a co-trustee, has established a pre-arranged trading plan to sell a portion of the trust’s shares in the company over a designated period. The plan was adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Such programs provide for regular selling of a predetermined, fixed number of company shares in order to gradually diversify the individual’s investment portfolio, to minimize the market effect of share sales by spreading them out over a period of time, and to avoid concerns about initiating transactions while in possession of material non-public information.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Industrials sector is rising.
Quite often, Wall Street focuses on the proverbial trees and ignores the forest. The Street seems fixated on worries about Fitbit’s (NYSE: FIT) conservative full-year guidance, gross margins, and European sales. Also being ignored by Wall Street are the many bright spots within the company’s Q2 results.
Apple’s (AAPL) Other Products segment generated revenue of $3.74 billion in fiscal Q3 2018, a rise of 37% YoY (year-over-year) from $2.73 billion. Other Products include wearable products such as the Apple Watch and AirPods as well as Apple TV, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
Apple (AAPL) has leapfrogged Fitbit (FIT) and Xiaomi in the wearables sector (WEAR) in the last few quarters. According to the most recent research by Canalys, Apple shipped 3.5 million smartwatches in its fiscal third quarter, a robust 30% rise from the same quarter last year. According to Canalys, the tech giant shipped 250,000 LTE (long-term evolution) units in Asia excluding China.
Fitbit’s (FIT) stock price jumped 2.4% in after-hours trading on Wednesday, August 1, after announcing its second-quarter earnings. While the company’s revenues fell 15.3% YoY (year-over-year) to $299.3 million, its revenues easily beat analysts’ estimates of $285.4 million. Fitbit posted a net loss of $54.2 million in the second quarter, compared to a net loss of $19.3 million in the second quarter of 2017. Fitbit reported EPS of -$0.22, slightly better than Wall Street’s EPS estimate of -$0.24.
Wearable devices such as the Apple Watch provided a nice boost to Apple's June-quarter results, company executives said. Over the last four quarters, sales of Apple wearable devices totaled more than $10 billion.
Ever since the death of Fitbit (NYSE:FIT), investors have been weary of wearables stocks. Fitbit served as lesson for the entire wearables space. Expectations were high that everyone and their best friend was going buy and own a Fitbit.
Consumers’ growing preference for smartwatches over fitness trackers has pummeled Fitbit (NYSE:FIT) since Apple (NASDAQ:AAPL) released the Apple watch in 2015. After reporting Q2 2018 results — where smartwatch revenue outpaced tracker sales for the first time and a return to profitability is in sight — Fitbit stock was up in after-market trading.
Garmin (GRMN) delivers strong second-quarter results on the back of solid performance of its fitness, marine, outdoor and aviation segments.
Garmin shares were up 1.5 percent at $63.40 in midday trading. Garmin, which started as a GPS device maker, has gained in recent years due to a surge in demand for smartwatches and other wearable devices that track everything from heart rates and calories to a pet's movement. While Apple Inc's entry into the smartwatch business has increased competition for the likes of Garmin and Fitbit Inc, it has also increased the lure for the gadget.