Credit: iRobot CorporationIRBT recently launched a moping machine - Braava jet Mopping Robot - designed to mop coarse floor surfaces even in areas with high foot traffic. Braava jet is currently available in Canada and the United States for $199. The new product line adds to the company's innovation-based growth.
The Mopping Robot has a compact design, rare Precision Jet Spray, Vibrating Cleaning Head and specialized Braava jet Cleaning Pads that can easily remove stains and dirt.
Moving Ahead
iRobot designs and manufactures robots for both domestic and commercial application. The company's household mobile robots such as Roomba and Scooba can perform specialized functions like scrubbing floors and vacuum cleaning. Also, the company's military robots have made the U.S. defense system more efficient. The premier robot manufacturing company boasts high market share, driven by its highly differentiated product portfolio.
In the recent times, iRobot is looking for growth opportunities in the consumer robotics technology space. In this regard, the company aims to diversify its existing home robotics product portfolio, explore new scopes in the field of connected home and expand into product categories that can ensure commercial growth. Thus, the recent launch is in sync with iRobot's strategy.
Nevertheless, iRobot carries a Zacks Rank #4 (Sell). We believe that the strengthening U.S. dollar, intense competition, volatile Federal spending pattern and high research and development expenses are adversely affecting the company's top- and bottom-line results in the recent times.
Stocks to Consider
Some better-ranked stocks within the industry are A-Mark Precious Metals, Inc. AMRK , AMC Networks Inc. AMCX and Bridgepoint Education, Inc. BPI . All the three stocks presently hold a Zacks Rank #2 (Buy).
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IROBOT CORP (IRBT): Free Stock Analysis Report
BRIDGEPOINT EDU (BPI): Free Stock Analysis Report
AMC NETWORKS- A (AMCX): Free Stock Analysis Report
A-MARK PRECIOUS (AMRK): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
