90.85 0.00 (0.00%)
After hours: 4:29PM EDT
|Bid||90.56 x 1000|
|Ask||99.40 x 800|
|Day's Range||89.34 - 92.54|
|52 Week Range||55.77 - 118.75|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||45.45|
|Earnings Date||Oct 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||98.20|
The robotic vacuum specialist has been on quite a tear this year, but the ongoing trade dispute threw cold water on its progress.
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / It was bearish remarks from analysts that sent shares of Square and iRobot down in Monday’s session. BTIG has concerns over Square’s latest push into consumer lending and Piper Jaffray is skeptical of iRobot’s future due to trade tariffs. Square, Inc. shares closed down 8.55% yesterday on a little over 30 million shares traded.
The analyst isn't all that concerned with iRobot maintaining its dominant market-share in the industry. Instead, Jensen wrote in a note that he's become "incrementally more concerned" with iRobot's valuation as the stock ran higher and higher throughout the year. Jensen also sees iRobot as a victim of already-implemented U.S. trade tariffs that will likely impact 2019 company guidance.
Walmart, Barnes & Noble and iRobot are the Yahoo Finance charts of the day.
Piper Jaffray lowers its rating to neutral from overweight for iRobot shares, predicting trade tariffs will hurt the company's business next year. "We believe the recently implemented trade tariffs for robotic vacuums will have a negative impact on iRobot's guidance for 2019," the firm's analyst, Troy Jensen, says. IRobot IRBT will suffer from the latest escalation in the trade conflict between the U.S. and China, according to Piper Jaffray.
The robotic vacuum market as a whole remains strong, and firsthand channel checks suggest demand for iRobot's devices was "solid" in the third quarter, Jensen said in the downgrade note. Shares of iRobot are up nearly 30 percent since the start of 2018 and are now trading at nearly 2.9 times EV/sales, Jensen said.
Setting up the i7+ is a bit different than with past Roombas: You have to make some room by a wall or sturdy surface for the Clean Base. Starting a cleaning job is the same as always: Hit the huge Clean button on the Roomba, use the mobile app or tell Amazon's Alexa or Google Assistant to get things going. The company also made a small change that has enormous benefits: It moved the vacuum motor out of the dirt bin and into the middle of the i7+ to cut down noise.
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as iRobot Corporation (NASDAQ:IRBT), with a market cap of US$3.0b, often get neglected Read More...
The concern about investing in growth stocks usually comes down to valuation. Both software products drive exactly the kind of “sticky,” recurring revenue investors are looking for in the software space.
After its go around my apartment, the i7+ is “still learning.” It’s fitting sentiment for the new Roomba, which iRobot is positioning as much as a platform as a robotic vacuum. The i7+ builds on the moderately useful dirt mapping rolled out on the 900 series early last year.
iRobot (IRBT) seems an attractive investment bet, as the company is poised to grow on the back of stellar robotic sales, strategic acquisitions, stronger innovation and diligent marketing moves.
Apple Inc. isn’t the only company concerned that President Donald Trump’s latest proposed tariffs on an additional $200 billion of goods made in China will lead to higher prices for consumers, lower profits for the tech industry and slower economic growth.
The bull market over the past decade has been defined by growth. Where there’s been growth, the fastest-growing stocks have seen share price over-performance. Instead, diversify your exposure to growth, and buy the fastest-growing stocks that are not in the FAANNG group.
NEW YORK, NY / ACCESSWIRE / September 7, 2018 / iRobot announced a new Roomba called the Roomba i7+, a robotic vacuum that can empty its own dust bin and remember specific rooms by name. Shares sank almost 10% but it may have been more due to a downgrade from Sidoti & Company. Shares of New Age Beverages Corporation saw big gains after Wall Street learned that the company is testing out a cannabidiol (CBD) beverage in Colorado.
Home-cleaning robot maker iRobot on Thursday introduced a next-generation Roomba vacuum cleaner than automatically empties itself. The robot also remembers a home's floor plan and can clean specific rooms on command.
The latest Roomba remembers rooms and empties its own bin. Here's how it could help -- and hurt -- the home robotics specialist.
BEDFORD, Mass., Sept. 6, 2018 /PRNewswire/ -- Imagine a robot vacuum that not only remembers a home's floor plan and cleans specific rooms by name – but also automatically empties itself. The Roomba i7+ brings a new level of intelligence and automation to robotic vacuum cleaners with the ability to learn, map and adapt to a home's floor plan.
Since 2002, iRobot's Roomba has been something of a status symbol: a robot vacuum that can clean your floors while you sit back and relax. It's steadily become better and more efficient at cleaning since it debuted -- the last flagship model, the Roomba 980, added floor mapping three years ago.