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Fly News Breaks for February 9, 2017
IRBT
Feb 9, 2017 | 12:34 EDT
Piper Jaffray analyst Troy Jensen said iRobot reported "strong" quarterly results and gave guidance that was relatively in-line with consensus expectations when the Japanese distributor acquisition is accounted for. However, given the near-term outlook and the stock's current valuation, he thinks "investors will find it difficult to justify a higher valuation" and keeps a Neutral rating on iRobot shares, which are down 13% to $53.31 in early afternoon trading.
News For IRBT From the Last 2 Days
IRBT
Mar 28, 2024 | 09:50 EDT
After Walmart (WMT) and Vizio (VZIO) pulled and refiled their notification under the Hart-Scott-Rodino Act Wednesday, Dealreporter told its readers that the move "may have investors wondering if this could become another Amazon (AMZN) and iRobot (IRBT) situation," contacts tell The Fly. While the M&A-focused publication said "there are traces of that same dynamic here," it added that "this pull-and-refile suggests this deal is on stronger footing than AMZN-IRBT," according to contacts. The news service sees "a genuine chance that this deal could get a prolonged look from regulators due to some of the similar dynamics at play compared to IRBT and AMZN," it reportedly said.