Profile
Sector:
Consumer CyclicalIndustry:
Furnishings, Fixtures & AppliancesCountry:
United StatesIPO:
09 November 2005Website:
http://www.irobot.comNext earnings report:
08 August 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 10 min agoDividend
Analysts recommendations
Institutional Ownership
IRBT Latest News
Robotics is the core of automation in a variety of business sectors. In this day and age, with the demand for and proliferation of artificial intelligence- and machine learning-based technologies, the robotics sector could experience a real boom.
Gary Cohen's appointment as iRobot's CEO brings a promising outlook for the company. iRobot's restructuring efforts aim to streamline operations and enhance shareholder value.
Amazon scuttled its deal to buy iRobot because of regulatory pushback. As soon as the deal was called off, iRobot went into triage mode, including starting the search for a new CEO.
iRobot Corp's stock price is trading for a fraction of the Amazon takeover price as the deal was canceled in January 2024 due to EU regulatory scrutiny. iRobot's financial performance has declined due to intense price competition and eroding market share in the robotic vacuum market. Despite restructuring efforts, iRobot may continue to report operating losses and face challenges with an upcoming term loan maturity.
BEDFORD, Mass. , June 13, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, announced the addition of Julien Mininberg, former chief executive officer of Helen of Troy, to its board of directors.
PHILADELPHIA, PA / ACCESSWIRE / June 11, 2024 / Kaskela Law LLC announces that it is investigating iRobot Corporation (NASDAQ:IRBT) ("iRobot") on behalf of the company's shareholders. Since December 2023, shares of iRobot's common stock have declined in value from a trading price of $39.00 per share to a current trading price of below $10.00 per share, a decline of $30.00 per share, or 77% in value.
iRobot (IRBT) reported earnings 30 days ago. What's next for the stock?
iRobot's sales are falling and it's losing money at an upsetting pace. The company has a new CEO with turnaround experience and fixing its gross margin should be one of his first orders of business.
iRobot has recently unveiled a new CEO who it hopes can help navigate its turnaround. The company's financials aren't in great shape, with sales falling and iRobot anticipating a sizable loss in 2024.
Amazon's acquisition of iRobot fell through and the stock has been in a free fall ever since. The stock trades at a cheap price and could have huge upside if it regains investors' confidence.
What type of business is iRobot?
iRobot Corporation is an American company that is a leader in the field of robotics. Founded in 1990, initially focused on servicing the US military, but later began supplying robots for various purposes and industries. The headquarters is located in Bedford, Massachusetts, USA, with all developments and projects carried out at the Massachusetts Institute of Technology. The company also has its own manufacturing facilities worldwide. The most popular products of iRobot for the average user are robot vacuums. There are several series, with the most popular being Roomba for dry cleaning, and Scooba for wet cleaning. All vacuums are expensive, but are interesting and unique developments.
What sector is iRobot in?
iRobot is in the Consumer Cyclical sector
What industry is iRobot in?
iRobot is in the Furnishings, Fixtures & Appliances industry
What country is iRobot from?
iRobot is headquartered in United States
When did iRobot go public?
iRobot initial public offering (IPO) was on 09 November 2005
What is iRobot website?
https://www.irobot.com
Is iRobot in the S&P 500?
No, iRobot is not included in the S&P 500 index
Is iRobot in the NASDAQ 100?
No, iRobot is not included in the NASDAQ 100 index
Is iRobot in the Dow Jones?
No, iRobot is not included in the Dow Jones index
When does iRobot report earnings?
The next expected earnings date for iRobot is 08 August 2024