Can its new CEO orchestrate a turnaround?Shares of autonomous vacuum cleaner company iRobot (IRBT 3.67%) were up 12.3% during May, according to data provided by S&P Global Market Intelligence. While that was enough to outpace the nearly 5% for the S&P 500, shareholders might still be disappointed with the final outcome of the month considering the stock was up more than 50% at one point.It's hard to pinpoint the biggest factor that sent iRobot up more than 50% in early May but it was possibly the news of it ...

Turnaround plays are risky options, although they do possess a lot of potential upside if they go well.When Amazon's deal to acquire iRobot (IRBT 3.12%) fell through earlier this year, it was as if the air was let out of the robot vacuum maker's stock. Almost in an instant, shares went over a cliff. The company has been struggling to gain traction ever since. Its sales have been declining, the business is struggling to stay out of the red, and cash burn is also a concern. After all of this, iRobot's stock i ...

Could this stock really have 200% upside?Warren Buffett is one of the greatest investors of all time but he's not stingy with his knowledge. On the contrary, he wants to be remembered as a teacher. And in 1988, he used his annual letter to shareholders of Berkshire Hathaway to educate investors on something called merger arbitrage.In short, merger arbitrage happens when a stock trades at a price that is lower than what another company has already agreed to pay in a takeover. The first question that Buffett ...

There are some key robotics stocks for investors to buy in May, amid the broader indices like the Nasdaq surging upwards. Some analysts expect the rally for tech stocks in general will continue.The robotics stocks to buy mentioned in this article are powerful names, and I believe they will continue to deliver strong gains to investors. Those who get in early will reap the rewards. Investing a substantial amount in these companies could lead to seven-figure returns later on, as the growth potential of these ...

iRobot got a meme-stock bump, but don't robotically follow the crowd and end up making a hasty choice.iRobot (IRBT -4.85%) stock has been a somewhat volatile investment option in the consumer goods space. The company is mainly known for one product line, the Roomba robotic vacuum cleaner. If iRobot sells a lot of Roombas, its investors clean up, so to speak. If they don't, iRobot's stock performance tends to suck, and not in a good vacuum-y way. Since mid-2021, it's been more of a sucking sound.But what do ...

iRobot Corporation (IRBT) reported first-quarter 2024 adjusted loss of $1.53 per share, narrower than the Zacks Consensus Estimate of a loss of $2.03. The reported figure compares favorably with the year-ago quarter’s net loss of $1.67.Revenue DetailsiRobot generated revenues of $150 million in the reported quarter, beating the Zacks Consensus Estimate of $139 million. On a year-over-year basis, revenues decreased 6.4% due to lower sales across all product categories.Sales derived from premium and mid-tier ...

The robotic cleaning device specialist reported first-quarter earnings Tuesday afternoon.iRobot (IRBT 11.88%) investors had a great Wednesday morning as shares gained 10.7% compared to a modest drop in the S&P 500. However, the consumer tech company, which specializes in robotic home cleaning devices, is still in deeply negative territory for the year. Its shares are down by more than 70% in 2024 so far, while the market is up 9%.Wednesday's boost came as investors became a little less pessimistic about iRo ...

iRobot Corporation (NASDAQ:IRBT) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Karian Wong - Chief Accounting Officer Glen Weinstein - Interim CEO Julie Zeiler - EVP & CFO Conference Call Participants Asiya Merchant - Citigroup Operator Welcome to the iRobot First Quarter 2024 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Karian Wong, iRobot Senior Vice President and Principal Accounting Officer. Please go ahead. Karian Wong Thank ...

| --- | --- | |------------------------------|-------------------| | Contacts: | | | Karian Wong | Charlie Vaida | | Investor Relations | Media Relations | | iRobot Corp. | iRobot Corp. | | (781) 430-3003 | (781) 430-3182 | | investorrelations@irobot.com | cvaida@irobot.com | iRobot Reports First-Quarter 2024 Financial Results Gary Cohen, Former Gillette, Timex and Energizer Executive, Named as Company's New CEO Company Updates Outlook for Full Year 2024 BEDFORD, Mass. - iRobot Corp. (NASDAQ: IRBT), a leade ...

Former Gillette, Timex and Energizer executive brings wealth of global consumer product experience, turnaround leadership, and proven track record of driving profitable growthBEDFORD, Mass., May 7, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced that Gary Cohen will serve as the company's new chief executive officer, effective immediately. Mr. Cohen has more than 25 years of executive leadership and turnaround experience. As iRobot CEO, he will lead the company ...