40.70 -0.44 (-1.07%)
After hours: 7:26PM EDT
|Bid||40.76 x 1000|
|Ask||41.50 x 1100|
|Day's Range||40.30 - 43.33|
|52 Week Range||32.79 - 132.30|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||13.85|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
iRobot's (IRBT) operations are exposed to the adverse impacts of the coronavirus outbreak as well as tariff-related woes and stiff competition. It withdraws projections for 2020.
Due to the pandemic, iRobot (IRBT) lowers sales view for first-quarter 2020 and withdraws annual projections. It expects to witness relief if Roomba products get excluded from Section 301 tariffs.
Consumer robot maker iRobot Corp. said late Monday said it was having its employees work from home if possible and pulled its outlook for the year because of the COVID-19 pandemic. Because the "pandemic has disrupted certain iRobot sales and manufacturing supply chain activities and constrained the company's ability to address those and other related challenges," iRobot forecast first-quarter revenue of $175 million to $185 million and withdrew its forecast for the year. Analysts surveyed by FactSet had forecast revenue of $210.2 million. Shares of iRobot declined 0.6% after hours, following a 5.4% rise to close the regular session at $40.76.
To the annoyance of some shareholders, iRobot (NASDAQ:IRBT) shares are down a considerable 34% in the last month. And...
With the coronavirus outbreak wreaking havoc on everything from the U.S. stock market to the global economy, local tech companies with a global presence are encouraging employees to work remotely and making high-attendance events virtual.
Public companies in Massachusetts lost about $33 billion in market value on Monday as the markets saw the worst day in two years. The S&P 500 fell 3.4%, the worst one-day decline for the stock index since February 2018, fueled mostly by fears that the spread of coronavirus is not as well-contained as investors previously had thought. Meanwhile, the Nasdaq Composite index lost 3.7% and the Dow Jones Industrial Average shed more than 1,000 points to close the day 3.6% lower.
Stocks added to their gains for the week, with the S&P 500 again inching higher on Thursday. That said, here's our top stock trades going into Friday. Top Stock Trades for Tomorrow No. 1: Alphabet (GOOG, GOOGL) Click to Enlarge Source: Chart courtesy of StockCharts.comAlphabet (NASDAQ:GOOGL, NASDAQ:GOOG) stock flirted with a larger breakdown, but was able to hold in amid the post-earnings selling.The $1,420 level and 20-day moving average continue to act as support, even though it looked like shares would break lower and drop to $1,400 or below. On the upside, short-term downtrend resistance continues to weigh on the stock, and investors can see that it drew in sellers on Thursday.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 Stocks to Buy to Profit Off the Baby Boomer Generation Overall, a move over this downtrend resistance puts $1,500 on the table. If it can't break through downtrend resistance, though, a move below the 20-day moving average puts $1,420 on the table. Below that will put $1,400 and the 50-day moving average in play. Top Stock Trades for Tomorrow No. 2: Twitter (TWTR) Click to Enlarge Source: Chart courtesy of StockCharts.comTwitter (NYSE:TWTR) is surging on its post-earnings action. The stock filled its prior earnings gap from October on the move, while also reclaiming the 100-day and 200-day moving average.Now the test is, can it hold up over the $39 area? Over this mark and the 38.2% retracement, and TWTR stock can continue its march higher. Below, however, and investors will need to see where support comes into play.From here, it would be most encouraging that the stock holds up over the 200-day moving average -- provided $39 does not buoy the share price. Top Stock Trades for Tomorrow No. 3: iRobot (IRBT) Click to Enlarge Source: Chart courtesy of StockCharts.comiRobot (NASDAQ:IRBT) has been relentlessly hammered thanks to the tariff situation with China. On Thursday, however, the selling pressure has abated -- with IRBT rising almost 20% on a better-than-expected quarterly report.In December, IRBT stock broke out over downtrend resistance (purple line) and the declining 50-day moving average. When shares dipped in early January, this area held as support and allowed an uptrend mark to form (blue line).Now, shares are bursting over the 100-day moving average and hitting the high from last month. Over $58, and technically speaking, iRobot stock could run all the way up to the 200-day moving average -- which is almost $10 above current levels. * 3 Tech Stocks at Risk of Breaking Up While that would be a large rally, keep in mind how far this stock has fallen from the highs. Let's put it this way: Even if shares doubled from current levels, IRBT still wouldn't hit its 52-week high of $132.88. Top Stock Trades for Tomorrow No. 4: Peloton (PTON) Click to Enlarge Source: Chart courtesy of StockCharts.comWe did a trade preview of Peloton (NASDAQ:PTON) on Wednesday ahead of earnings. On Thursday, shares are getting clubbed, down more than 10%.The stock gapped below its 50-day and 20-day moving averages -- which is never a good sign -- and couldn't hold any of its uptrend lines. Now it's teetering on $29, which is the stock's IPO price from September.If it fails as support, look for a possible drop down to the $26.50 to $27 area. If it does hold as support, see if it can reclaim the 50-day moving average and uptrend support. Top Stock Trades for Tomorrow No. 5: Match Group (MTCH) Click to Enlarge Source: Chart courtesy of StockCharts.comMatch Group (NASDAQ:MTCH) was hit hard on Wednesday, sending shares right down into support. On Thursday though, the stock is rebounding and nearly engulfing the prior candle.Here's the layout now: Below the 50-day moving average is a sign to use caution. In that event, it will put key support back on the table, which is uptrend support (blue line), along with the 100-day and 200-day moving averages. Below the latter, though, and bulls may want to steer clear of Match.However, if MTCH stock can continue higher, see how it handles $84. Over it, and $92 is possible. But, if $84 acts as resistance, the 50-day will remain on watch.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 5 Top Stock Trades for Friday: GOOG, TWTR, PTON and More appeared first on InvestorPlace.
The Bedford-based maker of robotic vacuum cleaner Roomba announced that its top financial executive is stepping down just a few months after another top executive left the company.
iRobot (IRBT) delivered earnings and revenue surprises of 66.67% and 3.02%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
IRobot Corp. shares rose more than 15% in the extended session Wednesday after the Roomba maker reported fourth-quarter profit and sales above Wall Street expectations. IRobot said it earned $20 million, or 70 cents a share, in the fourth quarter, compared with $25 million, or 88 cents a share, in the year-ago period. Revenue rose 11% to $426.8 million, compared with $384.7 million a year ago. Analysts polled by FactSet had expected IRobot to report earnings of 40 cents a share on sales of $416 million. "Our financial performance this quarter benefited from the combination of strong revenue growth in the United States and disciplined spending," Chief Executive Colin Angle said in a statement. "Throughout 2019, we executed well on all major elements of our strategy while navigating increasingly challenging market conditions in the U.S. and intense price competition in EMEA." In a separate announcement Wednesday, IRobot said it appointed Julie Zeiler, vice president of finance, as its next executive vice president and chief financial officer, effective May 4. She succeeds Alison Dean, who has served as CFO since 2013, who step down "to spend more time with her family before pursuing other personal and professional interests," the company said. Shares of IRobot ended the regular trading day up 2.1%.
iRobot's (IRBT) Q4 results are likely to reflect adverse impacts of high promotional costs, increased tariffs and reduced prices of products. However, growth in U.S. and international sales might aid.
IRobot (IRBT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
There are potential upside catalysts for iRobot Corporation’s (NASDAQ: IRBT ) stock and few negative catalysts that could push shares below the $45-$55 range, according to Raymond James. The Analyst Raymond ...
Raymond James analyst Brian Gesuale upgraded the maker of Roomba automated vacuum cleaners to Market Perform from Underperform. He seemed somewhat torn in some areas of the research report, however.
Raymond James, the last Wall Street firm to rate iRobot shares at a less-than-neutral level, upgraded the company to market perform, saying its headwinds are overstated.