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Fitbit Shares Plummet On Q4 Earnings Miss
Friday, February 21, 2020 - 3:42am | 297Read More...The shares of Fitbit Inc. (NYSE: FIT) dropped lower in the after-hours session on Thursday as the fitness wearables maker missed analyst expectations for the fourth-quarter earnings. What Happened Fitbit reported a net loss of $120.8 million for the quarter that ended in December 2019 compared to...
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FTC's Look Into Facebook A 'Negative Development,' Says RBC's Mahaney
Friday, December 13, 2019 - 12:47pm | 482Read More...The Federal Trade Commission potential move to block Facebook, Inc. (NASDAQ: FB) from combining its multiple apps into one is a "negative development" for the social media company, according to RBC Capital Markets' Mark Mahaney. Facebook Breakup Unlikely, Analyst Says Facebook...
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IPOs: Do They Live Up To The Hype?
Tuesday, March 26, 2019 - 11:40am | 1393Read More...Our brains are wired to like new things, even when they aren’t necessarily better than the old. In the world of investing, nothing is newer or can generate more excitement than an initial public offering—commonly referred to as an IPO. There’s a lot of buzz surrounding IPOs and...
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Benzinga's Bulls & Bears Of The Week: Amazon, Fitbit, Mattel, Twitter And More
Sunday, April 8, 2018 - 2:23pm | 776Read More...Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the president's recent whipping boy. Semiconductor makers featured in both bullish and bearish calls. It was a week when fears of a trade war increased and the big tech stocks...
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Benzinga's Bulls & Bears Of The Week: Fitbit, GE, Intel, Target, Walmart And More
Monday, March 5, 2018 - 8:33am | 783Read More...Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included a leading semiconductor maker and oilfield services giants. Bearish calls featured a wearable device maker and the world's largest retailer. Volatility was turned up again last...
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Barron's Picks And Pans: Lennar, Invesco, L Brands, VMWare And More
Sunday, March 4, 2018 - 11:55am | 654Read More...This weekend's Barron's cover story shows why the U.S. housing market is primed for more gains. Other featured articles examine the prospects for a retailers showing surprising strength and a good stock pick if the market corrects. Also, a merger that might be a bad deal and two...
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Vetr Crowd Upgrades Fitbit
Wednesday, September 20, 2017 - 9:00am | 97Read More...The Vetr investing community upgraded Fitbit Inc (NYSE: FIT) from 2.5 to 3 stars Tuesday. The crowd has a $6.47 price target for the stock and rates it a Hold. Analyst consensus is a $10.10 price target. See how crowdsourced ratings can help predict the market? Fitbit shares closed Tuesday down...
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Pandora, Fitbit Celebrate New Exclusive Partnership By Dropping A Mixtape
Monday, August 28, 2017 - 2:16pm | 393Read More...To celebrate the launch of Fitbit Inc (NYSE: FIT)'s first ever smartwatch (as opposed to a fitness tracker), the company is partnering with the streaming music provider Pandora Media Inc (NYSE: P). As part of the new agreement, Pandora will serve as the exclusive music streaming provider for Fitbit...
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Fitbit, Despite New NBA Team Deal, Lower On Evidence Inventory Discounting Continues
Tuesday, June 20, 2017 - 1:46pm | 544Read More...At first glance, Fitbit Inc (NYSE: FIT) new partnership with the NBA's Minnesota Timberwolves sounds like a positive development that could help the struggling stock that has already lost 30 percent since the start of the year. The Deal As part of an agreement with the Timberwolves, Fitbit would...
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3 Areas In Which Fitbit Showed Encouraging Progress
Thursday, May 4, 2017 - 11:59am | 382Read More...Trip Chowdhry, an analyst with Global Equities Research, suggested Fitbit Inc (NYSE: FIT)'s investors take their profits on the health and fitness company back in 2015. The analyst's call was spot-on as the stock peaked above $50 per share that year and steadily declined to an all-time low...
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Battery Capacity Over The Years: How Will Goodenough's New Invention Stack Up?
Friday, March 17, 2017 - 1:20pm | 1155Read More...Batteries have a long history, dating back to 1798, when Italian physicist Count Alessandro Volta built a primitive battery consisting of a stack of paired copper zinc disks separated by cardboard disks moistened with a salt or acid solution. Although devices have advanced tremendously over the...
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How Did Wearables Do In Q4?
Thursday, February 23, 2017 - 10:20am | 579Read More...Shares of Fitbit Inc (NYSE: FIT) continue flirting with its all-time lows after the company pre-announced its fourth-quarter results in late January. After Wednesday's market close, Fitbit released its official results, and as expected, it consisted of a loss and revenue miss. Specifically, the...
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Short Sellers Weren't Surprised By Fitbit Warning
Monday, January 30, 2017 - 4:26pm | 367Read More...This wearbles maker's guidance cut and announced layoffs surprised many. But short sellers had pounced on its shares in the most recent period. The share price rose but gave up most of its gain in the first two weeks of January. The guidance cut and announced layoffs at Fitbit Inc...
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These 11 Stocks Could Drop 70%
Friday, November 4, 2016 - 8:18am | 449Read More...Fitbit Inc (NYSE: FIT)'s stock plummeted more than 30 percent on Thursday and hit a new 52-week low of $8.37 after the company released its third quarter earnings results and poor guidance. The stock has now lost around 70 percent since the start of 2016. GoPro Inc (NASDAQ: GPRO)'s stock isn't...
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Have Consumers Lost Interest In Fitbit-Style Activity Trackers?
Thursday, November 3, 2016 - 10:05am | 359Read More...The 30 percent decline in Fitbit Inc (NYSE: FIT)'s stock following its third-quarter earnings report is raising the question: Are consumers bored with activity trackers? David Larsen of Leerink believes this may be the case. In a research report on Thursday, the analyst maintained a Market Perform...
