Flex 2

When Fitbit Inc (NYSE: FIT) cut guidance from estimates of $2.4 billion to a range of $1.5 to $1.7 billion, Wedbush analyst Nick McKay was taken aback. And he may not have been alone. Prior to the release of Fitbit’s regulatory filing, many analysts seemed ambivalent about the company...

Shares of Fitbit Inc (NYSE: FIT) were set to open on a new 52-week low Thursday as it plunged 30 percent in the pre-market hours to $8.97 as weaker demand and supply constraints led to a lower third-quarter profit and a cut in the fourth-quarter outlook. The mid-point of Fitbit's new fourth...

The 30 percent decline in Fitbit Inc (NYSE: FIT)'s stock following its third-quarter earnings report is raising the question: Are consumers bored with activity trackers? David Larsen of Leerink believes this may be the case. In a research report on Thursday, the analyst maintained a Market Perform...