Robotic solutions provider for day-to-day problems,
) has taken a step ahead in vacuum cleaning solutions. The
company launched an advanced version of its Roomba cleaning
system, namely, the iRobot Roomba 880 vacuum cleaning robot. It
has currently been launched in North America, at a price of
$699.99 per system.
The latest model forms a part of the existing Roomba 800
series, but with newer features. Unlike earlier models, the
Roomba 880 possesses brushless, counter-rotating AeroForce
Extractors. These extractors can efficiently remove up to 50%
more dust compared with the previous Roomba series, due to higher
suction power. Moreover, they require less maintenance.
Compared to the Roomba 600 and Roomba 700 series, the new
Roomba 800 series has a larger bin to carry 60% more dirt than
the older models.
The launch brings an innovation in dry floor cleaning
technology and is expected to drive better results for the
company. iRobot also offers other robots including the Scooba
Floor Scrubbing and Braava Floor Mopping Robot series for wet
floor care, along with the Looj Gutter Cleaning Robot and Mirra
Pool Cleaning Robot for outdoor cleaning.
With such continuous product launches, the company is likely
to achieve a greater market share in the coming quarters. For
2013, iRobot expects to generate revenues in the range of $485
million to $490 million. Earnings per share are expected within
90 cents to 95 cents.
iRobot hopes to reach mid-high teen cumulative average growth
rate for revenues, high-teen adjusted earnings before interest,
taxes, depreciation and amortization margin and high single-digit
operating cash flow margin, by 2016.
iRobot currently carries a Zacks Rank #3 (Hold). Other stocks
worth a watch in the machinery industry include
Rockwell Automation Inc.
). While Xylem carries a Zacks Rank #1 (Strong Buy), Rockwell
Automation and Nordson both carry a Zacks Rank #2 (Buy).
IROBOT CORP (IRBT): Free Stock Analysis
NORDSON CORP (NDSN): Free Stock Analysis
ROCKWELL AUTOMT (ROK): Free Stock Analysis
XYLEM INC (XYL): Free Stock Analysis Report
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