During Thursday’s Afternoon trade, Shares of Fitbit Inc. (NYSE:FIT), gained 2.30% to $36.84, after analysts at Leerink initiated coverage on the newly public company this morning.
The firm started Fitbit with an “outperform” rating and a $44 price target, saying the company is well positioned to capitalize on the ‘powerful secular trends’ in the consumer fitness tracker market.
Leerink analysts said Fitbit has a leadership position in wearable devices.
Fitbit Inc. provides wearable fitness-tracking devices worldwide. The company makes both wrist bands and clippable devices that monitor a user’s fitness activity by tracking the calories burned or distance covered.
Shares of FireEye, Inc. (NASDAQ:FEYE), inclined 1.28% to $51.60, during its current trading session.
A Citigroup analyst said that he sees “limited gains” in the stock, Bloomberg reports.
For FireEye to see gains, it must maintain its share of the standalone APT, or Advanced Persistent Threat market, which is now at 46% through 2019, analyst Walter Pritchard said.
When customers use standalone APT, this assists the company, but that doesn’t fall in line with historical trends, Bloomberg noted.
“We haven’t seen a market grow to the size we predict APT will become ($3.6 billion in 2019) with one vendor having this sort of share,” Pritchard added.
FireEye, Inc., together with its auxiliaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information.
Finally, JD.com, Inc. (NASDAQ:JD), lost -2.56%, and is now trading at $33.89.
JD.com, declared record-breaking one-day results from its June 18 anniversary sale.
During the annual 24-hour event, which began at midnight on June 18, the company set numerous sales records, counting number of orders placed, which grew by more than 100% from last year to 15 million.
More than 60% of orders were placed via mobile on June 18, counting through JD.com’s native app, its mobile website and its Weixin (WeChat) and Mobile QQ entry points. The one-day rate of orders from mobile for JD.com’s November 11 Singles Day sales event in 2014 was 40%. The surge comes almost exactly a year after Tencent’s mobile social media platforms, Weixin and Mobile QQ, launched Level-1 access points for shopping with JD.com.
Apparel and shoes continue to be one of JD.com’s fastest growing segments, and saw the most items sold out of any product category on June 18. GAP flagship store sales on June 18 were 13-fold higher than its average daily sales volume in May. In total for the day, JD.com sold more than 8 million articles of clothing and 1.2 million pairs of shoes, following 230% growth on an annual basis during the first quarter of the year.
Another area of rapid growth was JD’s flash sales channel, which saw a 30-fold enhance in orders contrast to the company’s 2014 June 18 sale.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
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