Is Garmin's Ongoing Product Innovation a Sign to Buy the Stock?

Garmin (GRMN) shares have gained 27.5% in the trailing 12 months, outperforming the Zacks Computer and Technology sector and the S&P 500 index’s return of 6.9% and 10.7%, respectively. The stock has also outperformed the Zacks Electronics - Miscellaneous Products industry’s decline of 47.9% in the same time frame.The company’s shares have been riding on accelerated growth across all of its segments, including Fitness, Aviation and Marine. Garmin expects its Fitness, Aviation and Marine revenues to increase ...