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Garmin Arm Unveils New Multisport Watches Fenix 5 Plus Range
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Garmin Ltd.’s (GRMN - Free Report) unit, Garmin International Inc. has added multisport watches, Fenix 5 Plus range to its wearables.
These GPS watches—the Fenix 5 Plus, Fenix 5S Plus, and Fenix 5X Plus are especially designed for outdoor adventurers and athletes. This marks the first upgrade to the Fenix line in more than a year.
Coming to share price, shares of Garmin have gained 18.3% in the past 12 months, outperforming the industry’s 12.2% rally.
Details
Fenix 5 Plus comes with new and enhanced capabilities, and great battery life. The device has built-in music storage. It has a memory of 4GB and allows to stream music when paired with Bluetooth headphones. It is also equipped with Garmin Pay that allows users to make easy payments at any NFC-enabled terminals.
In addition, the new Fenix 5 Plus Range is equipped with an improved multisystem satellite data, Galileo. It provides users with topographical maps, giving them a precise and an accurate location data. The device will also allow finding the best trails and running routes based on feedback from other Garmin users.
With all these features, Garmin Fenix 5 Plus watches are capable of providing valuable statistics for outdoor activities, thereby increasing the adoption rate of Garmin’s new multisport watches.
Bottom Line
Worldwide provider of navigation, communications and information devices, Garmin has been making efforts to increase its share in the outdoor market on the back of new products. It is experiencing notable success in this segment because of many newly introduced products that are gradually expanding its markets and enabling it to enter new categories.
The latest launch will help expand its market share in the Outdoor segment, which focuses on developing technologies and innovations to enhance users’ outdoor experiences. In the last reported quarter, the Outdoor segment was up 24.5% year over year, driven mainly by robust demand for wearables.
The company’s Fenix 5 Plus GPS-enabled range should continue to drive sales all through the year.
Long-term earnings growth for Groupon, PetMed and Expedia is currently projected to be 6.5%, 10% and 14.5%, respectively.
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Garmin Arm Unveils New Multisport Watches Fenix 5 Plus Range
Garmin Ltd.’s (GRMN - Free Report) unit, Garmin International Inc. has added multisport watches, Fenix 5 Plus range to its wearables.
These GPS watches—the Fenix 5 Plus, Fenix 5S Plus, and Fenix 5X Plus are especially designed for outdoor adventurers and athletes. This marks the first upgrade to the Fenix line in more than a year.
Coming to share price, shares of Garmin have gained 18.3% in the past 12 months, outperforming the industry’s 12.2% rally.
Details
Fenix 5 Plus comes with new and enhanced capabilities, and great battery life. The device has built-in music storage. It has a memory of 4GB and allows to stream music when paired with Bluetooth headphones. It is also equipped with Garmin Pay that allows users to make easy payments at any NFC-enabled terminals.
In addition, the new Fenix 5 Plus Range is equipped with an improved multisystem satellite data, Galileo. It provides users with topographical maps, giving them a precise and an accurate location data. The device will also allow finding the best trails and running routes based on feedback from other Garmin users.
With all these features, Garmin Fenix 5 Plus watches are capable of providing valuable statistics for outdoor activities, thereby increasing the adoption rate of Garmin’s new multisport watches.
Bottom Line
Worldwide provider of navigation, communications and information devices, Garmin has been making efforts to increase its share in the outdoor market on the back of new products. It is experiencing notable success in this segment because of many newly introduced products that are gradually expanding its markets and enabling it to enter new categories.
The latest launch will help expand its market share in the Outdoor segment, which focuses on developing technologies and innovations to enhance users’ outdoor experiences. In the last reported quarter, the Outdoor segment was up 24.5% year over year, driven mainly by robust demand for wearables.
The company’s Fenix 5 Plus GPS-enabled range should continue to drive sales all through the year.
Garmin Ltd. Price and Consensus
Garmin Ltd. Price and Consensus | Garmin Ltd. Quote
Zacks Rank and Other Key Picks
Currently, Garmin carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the same industry include Groupon (GRPN - Free Report) , PetMed Express (PETS - Free Report) and Expedia (EXPE - Free Report) . While Groupon sports a Zacks Rank #1 (Strong Buy), PetMed and Expedia both carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Groupon, PetMed and Expedia is currently projected to be 6.5%, 10% and 14.5%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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