Mizuho Securities Cuts Price Target on Fitbit (FIT) as Product Transition Weighs on 1Q Guide

Weak FitBit (FIT) Guidance Increases Product Launch Importance - Dougherty

Dougherty & Co analyst, Charles Anderson, is trying to see the forest instead of the weak 1Q tree that represents FitBit's (NYSE: FIT) weak near term guidance. Full year guidance is ahead of expectations despite 1Q being far weaker. This puts a high dependence on new product adoption which makes channel checks in 2Q all the more important. No change to Neutral rating.

Fitbit beat on both the top and bottom lines in Q415. Revenue and EPS of $712MM/ $0.35 was ahead... More

Leerink Partners Downgrades Fitbit (FIT) to Market Perform

Leerink Partners downgraded Fitbit (NYSE: FIT) from Outperform to Market Perform with a price target of $18.00 (from $33.00).

Analyst Steven Wardell commented, "After Monday's close, FIT reported 4Q15 results that exceeded Street consensus. 2016 guidance was in line but fell well short in 1Q16... More

Oppenheimer Recommends Buying Fitbit (FIT) on Weakness

Oppenheimer analyst Andrew Uerkwitz reiterated an Outperform rating and $25 price target on Fitbit (NYSE: FIT), saying they would be buyers on weakness following the company's Q4 report and lower Q1 guidance.

Uerkwitz commented, "When we initiated on FIT three weeks ago (2/1/16 at... More

Stifel Downgrades Fitbit (FIT) to Hold

Stifel downgraded Fitbit (NYSE: FIT) from Buy to Hold.

For an analyst ratings summary and ratings history on Fitbit click here. For more ratings news on Fitbit click here.

Shares of Fitbit closed at $16.52 yesterday.

Baird Downgrades Fitbit (FIT) to Neutral

Baird downgraded Fitbit (NYSE: FIT) from Outperform to Neutral with a price target of $16.00 (from $30.00).

For an analyst ratings summary and ratings history on Fitbit click here. For more ratings news on Fitbit click here.

Shares of Fitbit closed at $16.52 yesterday.

Fitbit (FIT) PT Cut to $20 by SunTrust's Peck; 'Buy' Maintained

SunTrust Robinson Humphrey analyst Robert Peck lowered his price target on Fitbit (NYSE: FIT to $20.00 (from $25.00) but maintained a Buy rating following solid Q4 results but lower Q1 guidance.

Peck commented, "Although 4Q results beat Street ests, and 2016 outlook was in line, FIT shares trading pre-market at ~$14 vs.... More

Pacific Crest Downgrades Fitbit (FIT) to Sector Weight

Pacific Crest downgraded Fitbit (NYSE: FIT) from Overweight to Sector Weight.

For an analyst ratings summary and ratings history on Fitbit click here. For more ratings news on Fitbit click here.

Shares of Fitbit closed at $16.52 yesterday.

Piper Jaffray Downgrades Fitbit (FIT) to Neutral

Piper Jaffray downgraded Fitbit (NYSE: FIT) from Overweight to Neutral with a price target of $14.00 (from $24.00) following challenging Q1 guidance.

Analyst Erinn Murphy commented, "While we were holding out for Q4's report where we expected Q1 guidance to be better, this simply did not come... More

Fitbit's weak profit forecast clouds healthy holiday beat

By Sai Sachin R

(Reuters) - Fitbit Inc's (NYSE: FIT) current-quarter profit forecast missed Wall Street estimates by a wide margin, as the wearable fitness device maker aggressively invests in new products, sending its shares down more than 16 percent in after-hours trading.

The lackluster guidance overshadowed the company's comfortable quarterly revenue and profit beat in the holiday shopping season.

Fitbit has been diversifying its portfolio of colorful wristbands and clippable devices that track calories, sleeping patterns and heart rate, to better compete with rivals as well as to tap new markets and demographies.

After-Hours Stock Movers 02/22: (MMSI) (TXRH) (PDLI) Higher; (FIT) (VRX) (THC) Lower (more...)

Fitbit (NYSE: FIT) 16.5% LOWER; reported Q4 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $711.6 million versus the consensus estimate of $647.82 million. GUIDANCE: Fitbit sees Q1 2016 EPS of $0.00-$0.02, versus the consensus of $0.24. Fitbit sees Q1 2016 revenue of $420 - $440 million, versus the consensus of $484.6 million.

Merit Medical Systems (NASDAQ: MMSI) 15% HIGHER; reported Q4 EPS of $0.24, $0.02 better than the... More

Fitbit (FIT) Tops Q4 EPS by 10c; Q1 Guidance Misses

Fitbit (NYSE: FIT) reported Q4 EPS of $0.35, $0.10 better than the analyst estimate of $0.25. Revenue for the quarter came in at $711.6 million versus the consensus estimate of $647.82 million.

*** Fitbit sold 8.2 million connected health and fitness devices in Q4 and 21.4 million in... More

Fitbit (FIT) Ramps 4% Into EPS After the Close

Fitbit (NYSE: FIT) ramps into earnings after the close. Shares are up 4%

Wall St. stumbles as oil slumps again

By Lewis Krauskopf

(Reuters) - Wall Street stocks slid on Tuesday, hurt by pressure from a renewed drop in oil prices, undercutting momentum that had helped the market rebound from a sluggish start to the year.

The major U.S. indexes closed down more than 1 percent. Crude prices settled down more than 4 percent as Saudi Oil Minister Ali Al-Naimi effectively ruled out production cuts anytime soon.

Equity markets this year have been tightly linked to the daily fluctuations of battered oil prices. Energy shares tumbled 3.2 percent on Tuesday, leading declines among S&P sectors.

Trading Radar for 2/22: Fitbit (FIT), Rogers (ROG), Dean Foods (DF), Motorola Solutions (MSI), On Deck Capital (ONDK) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

Allergan (NYSE: AGN) - consensus EPS $3.36
Armstrong World (NYSE: AWI) - consensus EPS $0.33
Cobalt International Energy (NYSE: CIE) - consensus loss $0.15
Dean Foods (NYSE: DF) - consensus EPS $0.34
Education Realty Trust (NYSE: EDR) - consensus EPS $0.61
First Potomac Realty Trust (NYSE:... More

Streetinsider.com's Hot Lunchtime Reads 2/19: (VRX) (FIT) (YHOO) (XON)

The following is a list of notable articles to help get you through the lunch hour:Negative Valeant Pharma (VRX) Analyst Has a Long, Strange History with the Stock ->... More

Piper Jaffray Is Expecting a 'Beat' to Fitbit's (FIT) 4Q Despite Challenged Stock - Reiterates Outperform

Piper Jaffray maintained an Overweight rating on Fitbit (NYSE: FIT), and cut the price target to $24.00 (from $60.00), ahead of the company's 4Q earnings report. FIT has been a very challenged stock YTD. However, Piper Jaffray is expecting a "beat" to Q4 sales & EPS, and sees a Q1 guidance... More