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IPO Outlook: Fitbit Running On Pace For This Week's Hot IPO
Monday, June 15, 2015 - 1:05pm | 1515The wearable fitness tracker company Fitbit, Inc. hopes to raise $358 million this Friday in what could be the hottest IPO of 2015. With great growth across the board, the company plans to issue 22.4 million shares between $14 and $16 per share on the NYSE under the ticker FIT. What Is Fitbit?...
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Fitbit Files $100 Million IPO
Thursday, May 7, 2015 - 4:39pm | 188Fitbit on Thursday filed a $100 million IPO registration Thursday with the SEC with “FIT” as its proposed ticker on the New York Stock Exchange. The company described its core platform as a “family of six wearable connected health and fitness trackers.” “Wrist-...
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Here's Why Goldman Sachs Doesn't Like Garmin Anymore (Hint: It Has To Do With Fitness)
Thursday, April 2, 2015 - 10:16am | 194In a report published Wednesday, Goldman Sachs analyst Simona Jankowski downgraded shares of Garmin Ltd. (NASDAQ: GRMN) to Neutral from Buy with a price target slashed to $54 from a previous $63 as key catalysts that drove the stock higher have now passed. According to Jankowski, Garmin's fourth...
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Getting In On The Apple Watch Buzz, Without Investing In Apple
Monday, March 9, 2015 - 11:35am | 469The time has finally come for Apple Inc. (NASDAQ: AAPL) to prove itself once again as a leader in the development of new technology. The company is expected to reveal its iWatch on Monday at the company's "Spring Forward" event in San Francisco. Investors are eager to see if the...
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President Obama's Tech Device Habits Might Surprise You
Wednesday, February 18, 2015 - 6:23pm | 357President Obama recently gave an interview to Re/Code’s Kara Swisher on CNBC, where he talked about the devices he uses and how he will first scrutinize the iWatch from Apple Inc. (NASDAQ: AAPL) before jumping on the bandwagon. Do You Watch Shows, News, Games On A TV Or Smartphone?...
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'Wearable' Bling Is Fast Becoming King
Friday, April 11, 2014 - 12:42pm | 600Shipments of wearable computing, especially of the functional and stylish variety, will exceed 19 million units in 2014, according to research from International Data Corporation released Apr. 10. In addition, IDC reported that by 2018 the worldwide market would grow to nearly 112 million units...
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Analysts Expected A Beat On Nike's Q3, But Did The Company Just Do It?
Thursday, March 20, 2014 - 5:01pm | 591Nike (NYSE: NKE) is getting some love in after-hours trading after the company reported its third quarter results. There might have been a degree of fear leading up to the release. At market close, shares of Nike were up only 0.15 percent. Wedbush analyst Corinna Freedman said that she expected a...