5 Key Takeaways From iRobot's Investor Conference
iRobot (NASDAQ: IRBT) shareholders have been on a wild ride these past two months. The stock skyrocketed 20% in July after second-quarter earning trounced estimates. Then, the stock fell to pre-earnings levels in mid-September as SharkNinja entered iRobot's main market. CFO Alison Dean spoke at the Morgan Stanley Investor Conference earlier this month; we'll take a look at some things she had to say in an attempt to get a better handle on the company's prospects.
Sometimes you can learn as much from what is not said as you can from the spoken word. That is the case here. iRobot has three product lines: Roomba robotic vacuums, Braava mopping, and Mirra pool cleaning. In 30 minutes, Alison Dean did not mention the Mirra product line once. She mentioned Braava one time in the first minute, and every other word about any current products and strategies dealt with the Roomba line. Dean's words combined with management's report earlier this year that the Braava family comprised only 10% of the company's revenue make one thing abundantly clear. For the time being, Roomba is iRobot.
IMAGE SOURCE: iROBOT
Source: Fool.com
iRobot Corp. Stock
Currently there is a rather positive sentiment for iRobot Corp. with 3 Buy predictions and 0 Sell predictions.
With a target price of 50 € there is potential for a 460.16% increase which would mean more than doubling the current price of 8.93 € for iRobot Corp..
