iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.
IPO Year: 2005
Exchange: NASDAQ
Website: irobot.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/6/2022 | $65.00 → $45.00 | Neutral → Underweight | JP Morgan |
3/24/2022 | $85.00 | Market Perform → Outperform | Northland Capital |
12/22/2021 | $95.00 → $80.00 | Neutral | Citigroup |
7/29/2021 | $150.00 → $103.00 | Overweight → Neutral | JP Morgan |
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BEDFORD, Mass., Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Michael J. Loparco to its board of directors. Mr. Loparco brings to the board extensive public company and global technology leadership experience in areas including consumer product and smart home innovation, manufacturing, global supply chain, mergers and acquisitions, design, enterprise IT, retail and robotics. Mr. Loparco is a seasoned CEO and consumer-focused leader with more than 25 years experience building and growing highly technical and cro
BEDFORD, Mass., Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, will participate in the 13th Annual Needham Virtual Industrial Tech, Robotics, & Clean Tech 1x1 Conference on Monday, August 19. The company's management team, including iRobot Chief Executive Officer Gary Cohen and Chief Financial Officer Julie Zeiler, will be available for one-on-one virtual meetings with investors. For more information, please contact iRobot's investor relations team via [email protected]. About iRobot Corp.iRobot is a global consumer robot comp
BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced it has named Jeffrey Engel as President & Chief Operating Officer (COO). Mr. Engel holds more than 30 years of executive and advisory experience, most recently serving as the company's Chief Restructuring Officer. As iRobot's President & COO, Mr. Engel will oversee daily operations and be responsible for the company's ongoing restructuring, research and development, operations and supply chain, and product management. He will report directly to Gary Cohen, iRobot CEO.
Company Executing on "iRobot Elevate" Strategy to Focus on Branding, Innovation and Operating Performance Delivers on Plan to Lower Cost Structure and Refresh Product Line Introduces Q3 2024 Outlook and Revises Fiscal Year 2024 Expectations BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended June 29, 2024. "We are executing iRobot Elevate, a strategy focused on five pillars of financial performance, customer-centricity, bringing innovative products to market in
iRobot's first AutoWash™ Dock adds automatic mop pad washing and self-cleaning for a more hands-free customer experience Powered by iRobot OS Intelligence, new Enhanced Dirt Detect™Technology recognizes and cleans the dirtiest areas even more BEDFORD, Mass., July 23, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today introduced its most advanced robot vacuum and mop, the Roomba Combo® 10 Max Robot + AutoWash™ Dock. The newly designed 2-in-1 Roomba Combo 10 Max brings independent cleaning to a new level with iRobot's first multifunction AutoWash Dock and added intelligence. Engineered to powerfully vacuum and mop multiple floor types, the Roomba Combo 10 Max +
BEDFORD, Mass., July 18, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it will issue its second-quarter 2024 financial results after market close on Tuesday, August 6, 2024. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. On August 7, the company will host a live conference call and webcast to review the financial results and to discuss the company's outlook. Conference call details: Date: Wednesday, August 7, 2024Time: 8:30 a.m. ETCall-In Nu
BEDFORD, Mass., June 13, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Julien Mininberg, former chief executive officer of Helen of Troy, to its board of directors. Mr. Mininberg brings a wealth of global consumer product experience in areas including sales, marketing, retail, finance, mergers and acquisitions, organizational restructuring, strategic planning and corporate turnarounds. Mr. Mininberg has built and led domestic and international organizations in the consumer space for more than 30 years, consistently incr
BEDFORD, Mass., June 11, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted equity awards on June 7, 2024 as a material inducement to the employment of the company's newly-hired Chief Executive Officer, Gary S. Cohen. Notice of Issuance of Inducement Grant In connection with the appointment of Mr. Cohen as Chief Executive Officer effective May 6, 2024, iRobot granted Mr. Cohen employment inducement awards consisting of (a) 290,000 time-based restricted stock units ("RSUs") and (b) 435,000 performance-based restricted s
Former Gillette, Timex and Energizer executive brings wealth of global consumer product experience, turnaround leadership, and proven track record of driving profitable growth BEDFORD, 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's transformational strategy to re-orient toward profitability following a recent operational restructuring. Mr. Cohen will be responsible for overseeing all aspects of the company's busin
Gary Cohen, Former Gillette, Timex and Energizer Executive, Named as Company's New CEO Company Updates Outlook for Full Year 2024 BEDFORD, Mass., May 7, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 30, 2024. First-Quarter Financial Highlights Revenue of $150.0 million, compared with $160.3 million in Q1 of 2023.GAAP net income per share was $0.30 compared with GAAP net loss per share of ($2.95) in Q1 of 2023.Non-GAAP net loss per share was ($1.53) compared with non-GAAP net
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Amazon.com Inc (NASDAQ:AMZN) has consistently shown growth across its diverse business segments, from e-commerce to cloud computing. While the bullish outlook for the Seattle-based company is well-documented, understanding the potential risks is crucial for a balanced investment strategy. A recent Reddit thread delved into potential bear cases for Amazon, raising important considerations for investors. What is the bear case for AMZN? byu/srkdummy3 instocks The DOJ, FTC And Lina Khan One of the primary concerns is the increasing regulatory scrutiny Amazon faces from the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC). Reddit user Cobra25k highlight
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Turtle Beach The Trade: Turtle Beach Corporation (NASDAQ:HEAR) Director Terry Jimenez acquired a total of 2,025 shares an
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Shares of Bolt Biotherapeutics, Inc. (NASDAQ:BOLT) fell sharply during Wednesday's session after the company reported first-quarter financial results. Bolt Biotherapeutics posted a GAAP loss of 28 cents per share on sales of $5.30 million, according to data from Benzinga Pro. Also, Guggenheim analyst Michael Schmidt downgraded Bolt Biotherapeutics from Buy to Neutral, while Stifel analyst Stephen Willey downgraded the stock from Buy to Hold and lowered the price target from $6 to $1.5. Bolt Biotherapeutics shares dipped 34.4% to $0.8652 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers AERWINS Technologies Inc. (NASDAQ:AWIN) shares surged
Several stocks with high short interest rallied on Monday following an incredible surge in GameStop Corp (NYSE:GME) shares. Here’s a quick look at what you need to know. What To Know: The madness in meme stocks on Monday can be traced back to a social media post from Keith Gill, best known as "Roaring Kitty" on YouTube and X or "DeepF***ingValue" on Reddit. Following three years of silence, Gill took to X over the weekend, posting a meme of a sketched person leaning forward in a chair. GameStop shares more than doubled in Monday’s session before pulling back. The stock still closed up nearly 75% for the day. Several names with high short interest ripped higher in the wake of the Gam
Shares of Akoustis Technologies, Inc. (NASDAQ:AKTS) fell sharply in today's session following weak quarterly results. Akoustis Technologies posted adjusted loss of 14 cents per share, versus market expectations for a loss of 12 cents per share. Sales came in at $7.510 million missing estimates of $8.553 million, according to data from Benzinga Pro. Akoustis Technologies shares dipped 17.7% to $0.4671 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers GameStop Corp. (NYSE:GME) shares jumped 81.6% to $31.70 amid possible retail investor interest following a social media post by Roaring Kitty. KOSS Corp (NASDAQ:KOSS) rose 49.4% to $4.73 trading a
iRobot Corporation (NASDAQ:IRBT) shares are trading higher Monday, and the stock is up more than 40% over the past five days. Here's a look at what's going on. What To Know: IRobot shares have climbed after the company reported better-than-expected quarterly financial results last Tuesday. The company reported quarterly losses of $1.53 per share which beat the analyst consensus estimate of losses of $2.01 by 23.88%. Quarterly sales came in at $150.014 million which beat the analyst consensus estimate of $144.976 million by 3.48%. The company sees second-quarter adjusted losses between $1.81 and $1.74 per share, versus the estimate of a loss of $1.38 per share, and revenue of be
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JP Morgan downgraded iRobot from Neutral to Underweight and set a new price target of $45.00 from $65.00 previously
Northland Capital upgraded iRobot from Market Perform to Outperform and set a new price target of $85.00
Citigroup reiterated coverage of iRobot with a rating of Neutral and set a new price target of $80.00 from $95.00 previously
JP Morgan downgraded iRobot from Overweight to Neutral and set a new price target of $103.00 from $150.00 previously
Northland Capital Markets reiterated coverage of iRobot with a rating of Market Perform and set a new price target of $130.00 from $140.00 previously
Citigroup reiterated coverage of iRobot with a rating of Neutral and set a new price target of $140.00 from $95.00 previously
Northland Securities reiterated coverage of iRobot with a rating of and set a new price target of $140.00 from $120.00 previously
Citigroup reiterated coverage of iRobot with a rating of and set a new price target of $140.00 from $95.00 previously
JP Morgan upgraded iRobot from Neutral to Overweight and set a new price target of $166.00 from $101.00 previously
JPMorgan Chase & Co. reiterated coverage of iRobot with a rating of Neutral and set a new price target of $101.00 from $90.00 previously
BEDFORD, Mass., Aug. 12, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Michael J. Loparco to its board of directors. Mr. Loparco brings to the board extensive public company and global technology leadership experience in areas including consumer product and smart home innovation, manufacturing, global supply chain, mergers and acquisitions, design, enterprise IT, retail and robotics. Mr. Loparco is a seasoned CEO and consumer-focused leader with more than 25 years experience building and growing highly technical and cro
BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced it has named Jeffrey Engel as President & Chief Operating Officer (COO). Mr. Engel holds more than 30 years of executive and advisory experience, most recently serving as the company's Chief Restructuring Officer. As iRobot's President & COO, Mr. Engel will oversee daily operations and be responsible for the company's ongoing restructuring, research and development, operations and supply chain, and product management. He will report directly to Gary Cohen, iRobot CEO.
BEDFORD, Mass., June 13, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced the addition of Julien Mininberg, former chief executive officer of Helen of Troy, to its board of directors. Mr. Mininberg brings a wealth of global consumer product experience in areas including sales, marketing, retail, finance, mergers and acquisitions, organizational restructuring, strategic planning and corporate turnarounds. Mr. Mininberg has built and led domestic and international organizations in the consumer space for more than 30 years, consistently incr
BEDFORD, Mass., June 11, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it granted equity awards on June 7, 2024 as a material inducement to the employment of the company's newly-hired Chief Executive Officer, Gary S. Cohen. Notice of Issuance of Inducement Grant In connection with the appointment of Mr. Cohen as Chief Executive Officer effective May 6, 2024, iRobot granted Mr. Cohen employment inducement awards consisting of (a) 290,000 time-based restricted stock units ("RSUs") and (b) 435,000 performance-based restricted s
Former Gillette, Timex and Energizer executive brings wealth of global consumer product experience, turnaround leadership, and proven track record of driving profitable growth BEDFORD, 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's transformational strategy to re-orient toward profitability following a recent operational restructuring. Mr. Cohen will be responsible for overseeing all aspects of the company's busin
BEDFORD, Mass., March 11, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its GAAP and non-GAAP financial expectations for the first quarter ending March 30, 2024, and reiterated its previously announced financial outlook for the fiscal year ending December 28, 2024 ahead of meetings with institutional investors. First Quarter 2024 OutlookiRobot is providing GAAP and non-GAAP financial expectations for the first quarter ending March 30, 2024. A detailed reconciliation between the Company's GAAP and non-GAAP expectations is includ
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Company Executing on "iRobot Elevate" Strategy to Focus on Branding, Innovation and Operating Performance Delivers on Plan to Lower Cost Structure and Refresh Product Line Introduces Q3 2024 Outlook and Revises Fiscal Year 2024 Expectations BEDFORD, Mass., Aug. 6, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended June 29, 2024. "We are executing iRobot Elevate, a strategy focused on five pillars of financial performance, customer-centricity, bringing innovative products to market in
BEDFORD, Mass., July 18, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it will issue its second-quarter 2024 financial results after market close on Tuesday, August 6, 2024. The earnings press release will be posted to the company's investor relations website at https://investor.irobot.com/news-releases. On August 7, the company will host a live conference call and webcast to review the financial results and to discuss the company's outlook. Conference call details: Date: Wednesday, August 7, 2024Time: 8:30 a.m. ETCall-In Nu
Gary Cohen, Former Gillette, Timex and Energizer Executive, Named as Company's New CEO Company Updates Outlook for Full Year 2024 BEDFORD, Mass., May 7, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended March 30, 2024. First-Quarter Financial Highlights Revenue of $150.0 million, compared with $160.3 million in Q1 of 2023.GAAP net income per share was $0.30 compared with GAAP net loss per share of ($2.95) in Q1 of 2023.Non-GAAP net loss per share was ($1.53) compared with non-GAAP net
BEDFORD, Mass., April 25, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced that it will issue its first-quarter 2024 financial results after market close on Tuesday, May 7, 2024. The earnings press release will be posted at https://investor.irobot.com/news-releases. On May 8, the company will host a live conference call and webcast to review its financial results and discuss its outlook. Conference call details: Date: Wednesday, May 8, 2024Time: 8:30 a.m. ETCall-In Number: 1-800-343-5172 (Alternate: 1-203-518-9856)Conference ID: IR
BEDFORD, Mass., Feb. 15, 2024 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, announced today it will issue its fourth-quarter 2023 financial results after market close on Monday, February 26, 2024. The earnings press release will be posted at https://investor.irobot.com/news-releases. In conjunction with this news, iRobot will host a live webcast and conference call, open to all interested investors, to review its fourth-quarter 2023 financial results and discuss its outlook on Tuesday, February 27. Pertinent conference call details include: Date
Announces Leadership Transition Provides Preliminary Fourth Quarter Results; Schedules Conference Call for February 27, 2024 BEDFORD, Mass., Jan. 29, 2024 /PRNewswire/ -- Today, iRobot Corporation (NASDAQ:IRBT), a leader in consumer robots, announced that it will implement an operational restructuring plan designed to position the Company for stabilization in the current environment, while focusing on profitability and advancing key growth initiatives to extend its market share in the mid-tier and premium segments. This plan was approved following iRobot's and Amazon's mutual decision to terminate their previously announced merger agreement. That announcement can be found here.
BEDFORD, Mass., Aug. 8, 2023 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the second quarter ended July 1, 2023. Q2 2023 Financial Performance Highlights Revenue for the second quarter of 2023 was $236.6 million, compared with $255.4 million in the same period last year.Geographically, second-quarter 2023 revenue grew 9% in Japan, declined 9% in EMEA and declined 6% in the U.S. over the same period last year.Revenue from mid-tier robots (with an MSRP between $300 and $499) and premium robots (with an MSRP of
BEDFORD, Mass., May 9, 2023 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the first quarter ended April 1, 2023. Q1 2023 Financial Performance Highlights Revenue for the first quarter of 2023 was $160.3 million, compared with $292.0 million in the same period last year.Geographically, first-quarter 2023 revenue declined 53% in the U.S., 35% in Japan and 29% in EMEA over the same period last year. The company's revenue performance, as expected, was impacted by relatively muted orders during the first quarter o
BEDFORD, Mass., Feb. 13, 2023 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the fourth quarter and full year ended December 31, 2022. Financial Performance Highlights Revenue for the fourth quarter of 2022 was $357.9 million, compared with $455.4 million in the fourth quarter of 2021. Full-year 2022 revenue of $1,183.4 million declined 24% from $1,565.0 million in 2021.The company's fourth-quarter 2022 revenue performance was primarily impacted by lower orders from retailers and distributors in North America
BEDFORD, Mass., Nov. 8, 2022 /PRNewswire/ -- iRobot Corp. (NASDAQ:IRBT), a leader in consumer robots, today announced its financial results for the third quarter ended October 1, 2022. Financial Performance Highlights Revenue for the third quarter of 2022 was $278.2 million, compared with $440.7 million in the third quarter of 2021. Revenue for the first nine months of 2022 was $825.5 million versus $1,109.5 million in the comparable period of 2021.The company's third-quarter 2022 revenue performance was primarily impacted by lower orders from retailers and distributors in Nor