Fitbit (FIT) weekly option implied volatility increases into EPS

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Oppenheimer Reiterates Outperform on Fitbit (FIT) Following Solid 2Q

August 2, 2018 8:53 AM EDT

Oppenheimer reiterated an Outperform rating and $8.00 price target on Fitbit (NYSE: FIT) following the company's 2Q earnings report. 2Q18 revenue/non-GAAP EPS of $299M/($0.22) were better than Street consensus of $285M/($0.24) and Oppenheimer's $288M/($0.25) estimates. Unit shipments were 2.7M devices vs. Street's... More