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Strength Seen in iRobot (IRBT): Stock Soars 21.15%

iRobot CorporationIRBT was a big mover last session, as the company saw its shares rise over 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $80.54 to $92.47 in the past one month time frame.

The move came after the company reported solid second-quarter 2017 results. At the same time, the company also announced the completion of an acquisition to increase its international presence.

The company has not seen any to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

iRobot currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

iRobot Corporation Price and EPS Surprise

iRobot Corporation Price and EPS Surprise | iRobot Corporation Quote

A better-ranked stock in the Industrial Products sector is Deere & Company DE , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is DE going up? Or down? Predict to see what others think: Up or Down

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iRobot Corporation (IRBT): 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.

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