Fitbit’s Quarter Does Not Signal The Demise Of Wearables Jane Edmondson
Fitbit’s Quarter Does Not Signal The Demise Of Wearables
Fitbit (NYSE:FIT) stock has not had the greatest start to the year. The stock declined 18% in January and now hovers at around $6 per share. Compare that to its IPO price back in June of 2015 of $20 equating to an almost 80% drop in share price.
On January 27, 2017, Fitbit announced its preliminary figures for last quarter and they were disappointing. Faced with lower holiday sales, the firm guided revenues to between $572 to $580 million for the December quarter, versus analyst consensus expectations for $736 million.
EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 25 years in the investment industry.
The information provided on this page is for illustrative purposes only and is not intended to serve as investment advice. The information provided is as of particular time and subject to change at any time without notice.
It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. EQM Indexes does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. EQM Indexes Indices makes no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. EQM Indexes is not an investment advisor, and makes no representation regarding the advisability of investing in any such investment fund or other investment vehicle. A decision to invest in any such investment fund or other investment vehicle should not be made in reliance on any of the statements set forth in this article. Prospective investors are advised to make an investment in any such fund or other vehicle only after carefully considering the risks associated with investing in such funds, as detailed in an offering memorandum or similar document that is prepared by or on behalf of the issuer of the investment fund or other vehicle. Inclusion of a security within an index is not a recommendation by EQM Indexes to buy, sell, or hold such security, nor is it considered to be investment advice.