Monday, November 5, 2012

As Exciting as Isaac Asimov’s I, Robot? Small Cap Robot Stocks IRBT, HNSN, MAKO, ARAY & ADEP

From SmallCapNetwork: As Exciting as Isaac Asimov’s I, Robot? Small Cap Robot Stocks IRBT, HNSN, MAKO, ARAY & ADEP

On Wednesday, investors in iRobot Corporation (NASDAQ: IRBT), a small cap designer and manufacturer of robots for homes and military uses, got crushed – meaning it might be time to take a look at other small cap robot stocks like Hansen Medical (NASDAQ: HNSN), MAKO Surgical (NASDAQ: MAKO), Accuray Incorporated (NASDAQ: ARAY) and Adept Technology (NASDAQ: ADEP). Specifically, iRobot Corporation (IRBT) largely met expectations when it reported that revenue rose from $120.4 million to $126.3 million and net income rose from $14.1 million to $15.2 million plus the company noted that home robot sales have remained strong. However, weak government spending as the wars in the Middle East wind down will force iRobot Corporation (IRBT) to slash 13% of its workforce and to restructure its Defense and Security (D&S) segment. Hence, iRobot Corporation sank 19.08% to $18.32 (IRBT has a 52 week trading range of $17.77 to $38.33 a share) to end the day with a market cap of $505.44 million (IRBT is now down 38.6% since the start of the year and up 8.1% over the past five years). 

 

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