We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
iRobot to Boost Robotic Business with Amazon Web Services
Read MoreHide Full Article
Premium consumer goods organization iRobot Corporation (IRBT - Free Report) announced that that it would be using Amazon Web Services (“AWS”) to address cloud robotics technologies in a more planned manner. AWS would help in augmenting the company’s connected home and consumer business growth. The decision is taken by the company to boost its robotics business and is in sync with its innovation-based growth strategy.
AWS Cloud helps companies develop unique connected products that are highly demanded by customers. The unique AWS Cloud infrastructure would help iRobot create connected robotic technologies with greater efficacy. Hence, it would help in extending the worth of robots in smart homes.
We expect the application of AWS Cloud to enhance iRobots’ existing robotic expertise. To date, the company has sold as many as 15 million robots worldwide. The company achieved an important milestone in breakthrough technology in Sep 2015 with the launch of Roomba 980, which maps homes systematically.
In first-quarter 2016, iRobots’ Home Robots segments’ revenues jumped 15% year over year. The upside was supported by higher U.S. home robotic demand. The company forecasts roughly 12–13% growth in Home Robot revenues by year-end 2016 on higher U.S. and Chinese robotic businesses. The company’s decision to use AWS Cloud to create more productive home robots should further support top-line growth.
Stock Price and Zacks Rank
iRobot’s share price currently stands at $36.02 per share as of Jul 13, 2016, up 3.6% since its first-quarter earnings release in Apr 26, 2016. We anticipate the aforesaid announcement to further boost investors’ confidence on the stock.
iRobot currently carries a Zacks Rank #3 (Hold). The company posted robust results in first-quarter 2016, successfully spun off its Defense & Security segment and is boosting its Home Robotics business with new product innovations. However, its business remains exposed to certain headwinds such as high volatility in consumers’ brand loyalty, lower wage growth and high income inequality in the U.S. alongside lackluster economic performance in booming markets.
Stocks to Consider
Some better-ranked stocks in the industry include Belmond Ltd. , Barnes & Noble Education, Inc. (BNED - Free Report) and Boyd Gaming Corporation (BYD - Free Report) . All the three stocks presently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
iRobot to Boost Robotic Business with Amazon Web Services
Premium consumer goods organization iRobot Corporation (IRBT - Free Report) announced that that it would be using Amazon Web Services (“AWS”) to address cloud robotics technologies in a more planned manner. AWS would help in augmenting the company’s connected home and consumer business growth. The decision is taken by the company to boost its robotics business and is in sync with its innovation-based growth strategy.
AWS Cloud helps companies develop unique connected products that are highly demanded by customers. The unique AWS Cloud infrastructure would help iRobot create connected robotic technologies with greater efficacy. Hence, it would help in extending the worth of robots in smart homes.
We expect the application of AWS Cloud to enhance iRobots’ existing robotic expertise. To date, the company has sold as many as 15 million robots worldwide. The company achieved an important milestone in breakthrough technology in Sep 2015 with the launch of Roomba 980, which maps homes systematically.
In first-quarter 2016, iRobots’ Home Robots segments’ revenues jumped 15% year over year. The upside was supported by higher U.S. home robotic demand. The company forecasts roughly 12–13% growth in Home Robot revenues by year-end 2016 on higher U.S. and Chinese robotic businesses. The company’s decision to use AWS Cloud to create more productive home robots should further support top-line growth.
Stock Price and Zacks Rank
iRobot’s share price currently stands at $36.02 per share as of Jul 13, 2016, up 3.6% since its first-quarter earnings release in Apr 26, 2016. We anticipate the aforesaid announcement to further boost investors’ confidence on the stock.
IROBOT CORP Price
IROBOT CORP Price | IROBOT CORP Quote
iRobot currently carries a Zacks Rank #3 (Hold). The company posted robust results in first-quarter 2016, successfully spun off its Defense & Security segment and is boosting its Home Robotics business with new product innovations. However, its business remains exposed to certain headwinds such as high volatility in consumers’ brand loyalty, lower wage growth and high income inequality in the U.S. alongside lackluster economic performance in booming markets.
Stocks to Consider
Some better-ranked stocks in the industry include Belmond Ltd. , Barnes & Noble Education, Inc. (BNED - Free Report) and Boyd Gaming Corporation (BYD - Free Report) . All the three stocks presently hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>