FIT Stock Gains as $2.1 Billion Google Takeover is Confirmed
FIT stock has soared in the last week after rumors that Google’s parent company Alphabet Inc (NASDAQ:GOOGL) was considering a takeover of Fitbit Inc (NYSE:FIT) became a reality. Google to Pay 67% Premium on FIT ... [Read]
FIT Stock Soars as Google Owner Alphabet Makes Bid
FIT stock is up 24% on Monday after it emerged that Google’s parent company Alphabet Inc (NASDAQ:GOOGL) has made an offer to buy Fitbit Inc (NYSE:FIT). Google Entering the Wearables Market The internet giant is ... [Read]
Fitbit Stock Continues to Hit New Low: What Should You Expect Now?
Fitbit stock tumbled last week and made an all-time low after reporting unsatisfactory financial results the previous week. For Fitbit Inc. (NYSE:FIT) investors, it has been an unforgettable 2019 with the stock having shed close ... [Read]
Fitbit Stock Tumbles to New Low on Poor Guidance
Fitbit stock is having the worst day in the past three years after Fitbit Inc (NYSE:FIT) trimmed its third-quarter and full-year earnings forecast. Major Setback The maker of wearable devices, Fitbit, has been fluctuating for ... [Read]
FIT Stock Drops 24HRS After Beating Q1 Expectations
On Wednesday, May 1, the Fitbit Q1 earnings were released, which topped both revenue and earnings expectations. Twenty-four laters later, however, FIT stock is down just over 5%. Perhaps this is a one-off or because ... [Read]
Fitbit Enters into Partnership with Glucose Monitor Company Dexcom
Are you interested in the latest computer hardware technology? If so, today might just be your lucky day! On Thursday, September 7, Fitbit, Inc. (NYSE:$FIT) announced that it has entered into partnership with glucose monitor ... [Read]
Fitbit Inc. Stock Jumped 17% in August
Despite shares residing in deep negative territory so far in 2017, Fitbit (NYSE:$FIT) shares jumped 17% in the past month. Fitbit’s August bounce was undeniably sparked by an encouraging second-quarter earnings report released early in ... [Read]
Fitbit Shares Rallied About 15% Today and This is Why
Today has been quite the day for those interested in computer hardware stocks. On Thursday, August 3, Fitbit Inc. (NYSE:$FIT) shares rallied roughly 15%. Why? It’s all thanks to the San Francisco-based company’s better-than-expected Q2 ... [Read]
Could Fitbit Return To Its Former Glory?
Outlook With 2017 Fiscal sales predicted to be in the range of $1.5 billion to $1.7 billion, Fitbit is looking at a year-over-year decrease of approximately 26%. With a Price/Sales multiple of 0.63x, this is ... [Read]