- As far as tech momentum trades go, robots are apparently the new 3D printers. iRobot (IRBT +17.9%) is blasting off in the wake of a Raymond James upgrade that comes shortly after Google confirmed the acquisition of defense robot maker Boston Dynamics, and fellow robot maker Adept Technology (ADEP +8%) is also up sharply.
- Interestingly, RJ's upgrade doesn't center around Google or even iRobot's defense/security robot ops (just 8% of Q3 revenue), but rather its new Roomba 800 series vacuum robots (expected to boost 2014 sales), and its Braava mopping robots (recently became available in North America).
- Sidoti upgraded iRobot yesterday. 10% of the company's float was shorted as of Nov. 29.
From other sites
at CNBC.com (Mar 6, 2015)
at Zacks.com (Feb 26, 2015)
at Benzinga.com (Feb 4, 2015)
at CNBC.com (Jan 14, 2015)
at CNBC.com (Nov 20, 2014)
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