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Tag: IRBT

  • iRobot Corporation (IRBT) is down in the after-hours; here is why?

    iRobot Corporation (IRBT) is down in the after-hours; here is why?

    iRobot Corporation (IRBT) declined after-hours after announcing its results for the fourth quarter and fiscal 2021. IRBT values at $61.52, losing more than 15% compared to yesterday’s closing price. The stock closed at $72.91 at the end of the last trading session. The stock volume traded in the last trading session was around 1.25 million shares. The current market cap of the company is around $1.97 billion.

    IRBT: Q4 and Fiscal 2021 Key Financials

    • iRobot Corporation (IRBT) revenue in Q4 2021 was $455.4. It is a decline of 16% as compared to the $544.8 million revenue of Q4 in 2020. Fiscal year revenue was $1.565 billion, and it is an increase of 9% compared to the $1.430 billion revenue in fiscal 2020.
    • The Q4 2021 net loss per share was ($1.17), compared to $0.46 in the Q4 of 2020. For fiscal 2021, net income per share was $1.08 compared to $5.14 of fiscal 2020.

    Key milestones achieved in 2021

    • iRobot concluded 2021 with 14.0 million customers, up 44% from fiscal 2020.
    • iRobot continued to improve its Genius Home Intelligence Platform in Q4 2021 and created USP through its software.
    • In fiscal 2021 iRobot passed the 40 million robots sold mark.
    • On November 15th, 2021, iRobot acquired Aeris Cleantec AG, a rapidly expanding provider of high-end air purifiers.

    IRBT CEO’s remarks about fiscal 2021

    We provided fourth-quarter financial results within the constraints we set in late October, said iRobot CEO, Colin Angle. Despite supply chain issues, we made considerable strategic progress in 2021. With Aeris in November, we expanded product diversity and supply chain continuity, resilience, and agility while increasing the connected client base by 44%.

    Conclusion

    The 2022 outlook of the company seems aggressive. They are focusing on increasing revenue and growth. The company wants to increase its connected customer base by 44% in 2022. The company targets a revenue increase between 12% to 18% and EPS between 12% to 49%.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    A concern about possible problems with the spread of coronavirus vaccines led to one of the largest one-day losses since October for US stocks on Wednesday. A large volume of short positions was also opened for GameStop and other securities due to sharp fluctuations.

    A battle erupted between day traders seeking to invest in GameStop and hedge funds that are actively shorting the company, sending GameStop shares soaring 135%. AMC Entertainment, another target for intraday traders, rose 301%. The shares of both companies in January grew by more than 800%.

    The Dow Jones Industrial Average fell 633.87 points, or 2.1%, to 30303.17 points, falling for the fifth session in a row, and the S&P 500 sank 98.85 points, or 2.6%, to 3750. 77 points, while the Nasdaq Composite fell 355.47 points, or 2.6%, to 13.270.60 points. All three indices saw their biggest one-day falls since October 28.

    In response to the spread of new strains of Covid-19 around the globe, governments are being forced to vaccinate the population as soon as possible, since any delays could lead to the lifting of lockdowns and other quarantine restrictions

    AstraZeneca has announced a sharp decline in vaccine supplies to the European Union due to problems at its European factory. A shortage of vaccines could adversely affect the vaccination process in the UK, as EU authorities begin to push the company to acquire vaccines produced by British factories.

    During the same day, President Joe Biden announced he would purchase more vaccine doses that should be enough to supply the vaccine for most US residents.

    In the afternoon, investors analyzed the financial results of AT&T, Blackstone, and Boeing. After that, tech giants Apple, Facebook, and Tesla reported on their results.

    Today Top Movers

    ‎Naked Brand Group Ltd (NAKD) stock ascended 67.39% at $2.31 in the pre-market trading today.‎ The company recently declared pricing of $50 million registered direct offering priced at-the-market.‎‎ ‎‎

    ‎XpresSpa Group Inc (XSPA) grew over 30.13% at $3.11 in pre-market trading ‎today following an announcement from the company that it plans on opening new XpresCheck facilities, offering more opportunities for in-airport COVID-19 testing.‎‎ ‎‎

    ‎Sundial Growers Inc (SNDL) stock moved up 38.15 percent to $0.83 in the pre-market ‎trading.‎‎‎ ‎‎

    ‎American Battery Metals Corp (ABML) was up more than 7.11% at $3.64 in the extended-hours session.‎‎

    Top Upgrades & Downgrades

    RBC Capital turned bullish on PTC Inc. (PTC), upgrading the stock to “Outperform” and assigning a $145.0 price target, representing a potential upside of 20% from Wednesday’s close. 

    Twitter Inc. (TWTR) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $65.0, suggesting 35.08% additional upside for the stock. 

    Brinker International Inc. (EAT) received an upgrade from analysts at KeyBanc, who also set their one-year price target on the stock to $64.0. They changed their rating on EAT to Overweight from Sector Weight in a recently issued research note.

    Earlier Thursday JMP Securities reduced its rating on Tesla Inc. (TSLA) stock to Market Perform from Outperform. 

    Stifel analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for The Procter & Gamble Company (PG) has been changed to Hold from Buy. 

    Analysts at Stifel downgraded Colgate-Palmolive Company (CL)’s stock to Hold from Buy Thursday.

    Latest Insider Activity

    The Walt Disney Company (DIS) SEVP-Chief Financial Officer McCarthy Christine M announced the sale of shares taking place on Jan 25 at $172.00 for some 25,000 shares. The total came to more than $4.3 million. 

    iRobot Corporation (IRBT) Chief Executive Officer Angle Colin M sold on Jan 25 a total of 302,208 shares at $104.88 on average. The insider’s sale generated proceeds of almost $3.78 million. 

    Fastenal Company (FAST) Director Ancius Michael J declared the purchase of shares taking place on Jan 25 at $47.50 for some 770 shares. The transaction amount was around $36575.0. 

    FuelCell Energy Inc. (FCEL) CEO Few Jason bought on Jan 25 a total 22,134 shares at $17.99 on average. The purchase cost the insider an estimated $197,890.

    Important Earnings

    Top US earnings releases scheduled for today include American Airlines Group Inc. (NASDAQ: AAL). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$4.11 per share from revenues of $3.88B in the three-month period. 

    Analysts expect Comcast Corporation (NASDAQ: CMCSA) to report a net income (adjusted) of $0.48 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $26.78B. 

    United States Steel Corporation (X), due to announce earnings after the market closes today, is expected to report earnings of -$0.68 per share from revenues of $2.58B recently concluded three-month period.

  • 7 Stocks In Consumer Electronics Industry You Can’t Ignore In 2020

    7 Stocks In Consumer Electronics Industry You Can’t Ignore In 2020

    Consumer Electronics include smartphones, cameras, game consoles, GPS navigators and video media, etc and this industry generated profit through the sale of these products. With the evolution of new technology, the demand for these products also increases. Consumers want a wide range of new products with more capabilities and expanded services and installations.

    The consumer electronics industry is expected to show positive growth because of the new trends and technological innovations in the technology sector. This industry is following various new trends to keep pace with the fast-growing market. One of the trends is 5G technology which promised to be much faster in terms of speed of the internet. This technology is also helpful for people living in areas that areas where they have very poor or weak 4G coverage.

    Let take a look at how this industry is using new technology to meet the needs of consumers:

    Apple Inc. (NASDAQ: AAPL)

    Apple Inc. (NASDAQ: AAPL) shares were trading down -5.60% at $108.86 at the time of writing on Friday. Apple Inc. (NASDAQ: AAPL) share price went from a low point around $53.15 to briefly over $137.98 in the past 52 weeks, though shares have since pulled back to $108.86. AAPL market cap has remained high, hitting $1972.26B at the time of writing, giving it a price-to-sales ratio of more than 7. If we look at the recent analyst rating AAPL, Atlantic Equities resumed coverage on AAPL shares with an Overweight rating and a $121.77 price target, which implies room for 12.91% upside momentum this year.

    Sonos Inc. (NASDAQ: SONO)

    Sonos Inc. (NASDAQ: SONO) last closed at $14.60, in a 52-week range of $6.58 to $17.83. Analysts have a consensus price target of $16.43. Sonos Inc. revealed that it has decided to release its financial results for the fourth quarter and fiscal year ended October 3, 2020, on November 18, 2020. SONO market cap has remained high, hitting $1.69 B at the time of writing.

    Vuzix Corporation (VUZI)

    Vuzix Corporation (VUZI) stock drop by -2.72% to $3.94. The most recent rating by Alliance Global Partners, on May 11, 2020, is at a Neutral. Vuzix Corporation (VUZI) earlier disclosed that it has decided to host a conference call regarding its third quarter 2020 operating results at 4:30 PM Eastern Time (ET), November 9, 2020.

    GoPro Inc. (NASDAQ: GPRO)

    GoPro Inc. (NASDAQ: GPRO) shares headed falling, lower as much as -2.78%. The most recent rating by Citigroup, on March 16, 2020, is at a Sell. GoPro Inc. (GPRO) has announced earlier that it is scheduled to release its financial results for the third quarter ended September 30, 2020, after the market closes on November 5, 2020. GPRO market cap has remained high, hitting $964.30 million at the time of writing.

    Sony Corporation (NYSE: SNE)

    Sony Corporation (NYSE: SNE) rose 0.28% after gaining more than $0.23 on Friday. Sony Corporation (SNE) is reportedly in final talks with AT& T to buy U.S. animation-streaming service Crunchyroll in a deal worth more than 100 billion yen ($957 million), the Nikkei business daily reported on Friday.

    iRobot Corporation (NASDAQ: IRBT)

    iRobot Corporation (NASDAQ: IRBT) last closed at $79.58, in a 52-week range of $32.79 to $98.55. Analysts have a consensus price target of $92.20. iRobot Corporation (IRBT) share price went from a low point around $32.79 to briefly over $98.55 in the past 52 weeks. IRBT market cap has remained high, hitting $2.27 Billion at the time of writing.

    Turtle Beach Corporation (NASDAQ: HEAR)

    Turtle Beach Corporation (NASDAQ: HEAR) stock drop by -5.56% to $18.02. The most recent rating by Stifel, on September 30, 2020, is at a Buy. Turtle Beach Corporation (HEAR) and its Hamburg, German-based PC brand ROCCAT, earlier revealed their line-up of brand ambassadors coming together to stream for the Gamers Outreach charity.