Active Momentum Stocks in New Buzz: Fitbit, Inc. (NYSE:FIT), Adobe Systems Incorporated (NASDAQ:ADBE)

Fitbit, Inc. (NYSE:FIT) [Trend Analysis] retains strong position in active trade, as shares scoring -2.65% to $5.88 in active trade session, while looking at the shares volume, around 12.11 Million shares have changed hands in this session. Fitbit Inc. (FIT) declared that it’s a Q4 loss of $146.3 million, after reporting a profit in the same period a year earlier. On a per-share basis, the San Francisco-based company said it had a loss of 65 cents. Losses, adjusted for one-time gains and costs, came to 56 cents per share.

The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share. The wearable device maker posted revenue of $573.8 million in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $575.8 million. For the year, the company declared a loss of $102.8 million, or 47 cents per share, swinging to a loss in the period. Revenue was declared as $2.17 billion.

For the current quarter ending in April, Fitbit expects its results to range from a loss of 20 cents per share to a loss of 18 cents per share. The firm has institutional ownership of 56.40%, while insider ownership included 22.41%. FIT attains analyst recommendation of 3.00 with week’s performance of 0.34%. Investors looking further ahead will note that the Price to next year’s EPS is -300.00%.

Shares of Adobe Systems Incorporated (NASDAQ:ADBE) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -0.13% to close at $119.47. Adobe (ADBE) unveiled the first cloud-based digital signatures built on an open standard. Adobe Document Cloud and Adobe Sign will enable digital signatures, the most advanced and secure type of electronic signatures used for things like healthcare forms or mortgage applications, in any browser or on any mobile device.

The Adobe Sign preview release will be accessible to consumers in the coming weeks. Moving forward to saw long-term intention, the experts calculate Return on Investment of 13.20%. The stock is going forward its fifty-two week low with 47.62% and lagging behind from its 52-week high price with -0.58%. ADBE last month stock price volatility remained 1.26%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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