iRobot Corporation (IRBT) Tops Q4 EPS by 9c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- Wall St set for muted open as Middle East tensions curb risk appetite
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Needham & Company Defends iRobot (IRBT)
February 12, 2016 7:56 AM ESTNeedham & Company analyst, James Ricchiuti, sees the selloff in shares of iRobot (NASDAQ: IRBT) as overdone as consensus seems to not have been modeling in the divestiture properly. His Buy rating and $38 price target are unchanged.
IRBT shares were punished after the company posted better Q4 results and guided for an acceleration in growth in the home robot business from 10% in 2015 to 12-13% in 2016. Mgmt guided to a modest decline in adj. EBITDA for 2016 as IRBT steps up investments in its wet-floor care products.
Revs were up 30% to $206.4M, above guidance of... More
