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FIT

Fitbit

$5.24

0.09 (1.75%)

19:11
06/12/17
06/12
19:11
06/12/17
19:11

Sleep monitor startup held unsuccessful sale talks with Fitbit, Axios says

Sleep monitor startup Hello has terminated most staff and is seeking a buyer for its assets, Axios reported. The publication noted that Hello recently held "fire sale" talks with Fitbit but failed to reach a deal. Reference Link

FIT Fitbit
$5.24

0.09 (1.75%)

04/25/17
04/25/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Sony (SNE) initiated with an Outperform at Bernstein. 2. Rockwell Collins (COL) reinstated with a Sell at Goldman Sachs. 3. Idera Pharmaceuticals (IDRA) initiated with an Outperform at Baird. 4. GasLog (GLOG) initiated with an Outperform at Credit Suisse. 5. Fitbit (FIT) initiated with a Buy at Benchmark. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/18/17
LBOW
05/18/17
NO CHANGE
LBOW
Fitbit Q2 sales tracking ahead of guidance, says Longbow
After conducting checks around Mother's Day, Longbow analyst Joe Wittine says that Fitbit's Q2 sales are tracking ahead of the company's guidance. The analyst says that the company's fundamentals are improving and he sees a "trade opportunity" into the Q2 results. However, he keeps a Neutral rating on the shares, citing the lack of visibility into the specs of the company's new smartwatch.
05/26/17
LBOW
05/26/17
NO CHANGE
LBOW
Fitbit inventory checks positive, says Longbow
After Longbow conducted additional inventory checks on Fitbit's Flex 2 and Blaze devices, Longbow analyst Joe Wittine says that retailers are carrying very few of the devices. The analyst says that the new checks validate similar results obtained from checks carried out immediately after Mother's Day. He continues to believe that the inventory depletion could create a positive catalyst for the stock in conjunction with the company's Q2 results. However, he keeps a Neutral rating on the shares, citing uncertainty relating to the upcoming launch of the company's smartwatch.
06/06/17
SBSH
06/06/17
NO CHANGE
Target $5
SBSH
Sell
Fitbit checks suggest weak domestic sales, says Citi
Citi analyst Stanley Kovler says his firm's channel checks into app downloads, Google search and pricing suggest continued near-term weak domestic sales for Fitbit (FIT) but some improvements international, mainly in Europe and Latin America. According to IDC, Apple (AAPL) and Xiaomi tied for the top position in wearables with 15% unit share apiece versus Fitbit at number three with 12% share in Q1, down from 23% last year, Kovler tells investors in a research note. The analyst points out that it took Apple four-to-five quarters to start making a "competitive dent" against a prior industry leader BlackBerry (BBRY). Kovler believes the same could now be playing out with Fitbit against the Apple Watch. He keeps a Sell rating on Fitbit shares with a $5 price target.

TODAY'S FREE FLY STORIES

CP

Canadian Pacific

$151.30

-0.68 (-0.45%)

06:46
08/24/17
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06:46
Upgrade
Canadian Pacific rating change  »

Canadian Pacific upgraded…

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BURL

Burlington Stores

$84.95

-1.43 (-1.66%)

06:45
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Earnings
Burlington Stores reports Q2 adjusted EPS 72c, consensus 51c »

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AAPL

Apple

$159.98

0.2 (0.13%)

, GOOG

Alphabet

$927.00

2.31 (0.25%)

06:45
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Periodicals
Apple's trying to 'catch up' in self-driving tech, BI reports »

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AAPL

Apple

$159.98

0.2 (0.13%)

GOOG

Alphabet

$927.00

2.31 (0.25%)

GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

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CO

China Cord Blood

$12.49

0.18 (1.46%)

06:45
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Technical Analysis
Technical View: China Cord Blood hits new highs in pre-market »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:44
08/24/17
08/24
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06:44
Hot Stocks
Tiffany provides FY17 outlook »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:43
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Hot Stocks
Tiffany sees FY17 CapEx $250M »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:42
08/24/17
08/24
06:42
08/24/17
06:42
Earnings
Tiffany sees FY17 EPS growth of high single digits, consensus $3.95 »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:40
08/24/17
08/24
06:40
08/24/17
06:40
Earnings
Tiffany reports Q2 adjusted EPS 92c, consensus 86c »

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HMLP

Hoegh LNG

$18.60

0.25 (1.36%)

06:38
08/24/17
08/24
06:38
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06:38
Earnings
Hoegh LNG reports Q2 EPS 28c, consensus 40c »

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  • 24

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WDC

Western Digital

$88.31

1.66 (1.92%)

, TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

06:38
08/24/17
08/24
06:38
08/24/17
06:38
Periodicals
Western Digital consortium to offer $17.4B for Toshiba chip unit, Reuters says »

A consortium that…

WDC

Western Digital

$88.31

1.66 (1.92%)

TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

TOSBF

Toshiba, also use TOSYY

$2.88

0.064 (2.27%)

KKR

KKR

$18.57

-0.07 (-0.38%)

03/08/13
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03/08/13
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EXC

Exelon

$38.32

0.09 (0.24%)

06:36
08/24/17
08/24
06:36
08/24/17
06:36
Conference/Events
Exelon management to meet with Jefferies »

Meeting to be held in…

03/08/13
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  • 31

    Aug

06:35
08/24/17
08/24
06:35
08/24/17
06:35
General news
FX Action: USD-JPY has settled in the lower 109.0s »

FX Action: USD-JPY has…

DXLG

Destination XL

06:34
08/24/17
08/24
06:34
08/24/17
06:34
Conference/Events
Destination XL management to meet with Sidoti »

Meeting to be held in…

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  • 24

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  • 31

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  • 28

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BDC

Belden

$73.25

0.08 (0.11%)

06:34
08/24/17
08/24
06:34
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06:34
Conference/Events
Belden management to meet with Seaport Global »

Meeting to be held in…

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  • 31

    Aug

  • 06

    Sep

HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
08/24/17
08/24
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Hot Stocks
Hormel Foods acquires Ceratti brand for approximately $104M »

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  • 24

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
08/24/17
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06:33
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06:33
Earnings
Hormel cuts FY EPS view to $1.54-$1.58 from low end of $1.65-$1.71 »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:32
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Hormel Foods says faced 'record-high' input costs for two primary raw materials »

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  • 24

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AVD

American Vanguard

$20.00

0.15 (0.76%)

06:32
08/24/17
08/24
06:32
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06:32
Conference/Events
American Vanguard management to meet with Oppenheimer »

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  • 31

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:31
08/24/17
08/24
06:31
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06:31
Earnings
Hormel Foods reports Q3 EPS 34c, consensus 37c »

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  • 24

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  • 05

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WBC

Wabco

$138.46

0.22 (0.16%)

06:31
08/24/17
08/24
06:31
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06:31
Hot Stocks
Wabco to acquire Sheppard for $145M »

WABCO announced that it…

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  • 07

    Sep

AIN

Albany International

$51.10

-0.2 (-0.39%)

06:31
08/24/17
08/24
06:31
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06:31
Conference/Events
Albany International management to meet with Sidoti »

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  • 31

    Aug

  • 01

    Sep

  • 28

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EADSY

Airbus

$20.89

-0.015 (-0.07%)

, DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

06:31
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06:31
Periodicals
European regulator, Airbus issue software fix for A350, Reuters reports »

The European Aviation…

EADSY

Airbus

$20.89

-0.015 (-0.07%)

DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

SINGY

Singapore Airlines

CPCAY

Cathay Pacific

03/08/13
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LTD

L Brands

06:30
08/24/17
08/24
06:30
08/24/17
06:30
Conference/Events
L Brands to host sales conference call »

Pre-Recorded August sales…

03/08/13
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  • 31

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06:30
08/24/17
08/24
06:30
08/24/17
06:30
General news
FX Action: USD-JPY has settled in the lower 109.0s »

FX Action: USD-JPY has…

BRCD

Brocade

$12.25

0.06 (0.49%)

, AVGO

Broadcom

$256.92

1.73 (0.68%)

06:22
08/24/17
08/24
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06:22
Hot Stocks
China conditionally approves Broadcom's proposed acquisition of Brocade »

In a regulatory filing,…

BRCD

Brocade

$12.25

0.06 (0.49%)

AVGO

Broadcom

$256.92

1.73 (0.68%)

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  • 24

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