From Earlier: Early Bird Capital Reiterates iRobot Hold

Early Bird Capital reiterated its iRobot (NASDAQ: IRBT) Hold rating in a research report published today.

In the report, Early Bird Capital stated, "Despite a strong performance this quarter, management's reiteration of guidance appears more conservative given the constrained defense budget environment and the impacts on IRBT. This uncertainty has underpinned our HOLD rating. As a result we reiterate our HOLD rating."

Shares of iRobot were trading in aftermarket trading at the time of posting at $23.56, down 4.23% from Tuesday's market close of $24.60.

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