Fitbit collapses on the stock market despite a good quarter

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Investors are not soft with the Quantified Self leader. The Fitbit share fell 16% in trading after market close following the announcement of its quarterly results. What really upset the shareholders: sales forecasts for the coming quarter …

Fitbit surprised analysts very positively during the announcement of Q4 2015 results: the manufacturer of smart health connected wristbands generated $ 712 million in revenue over the last three months of the year, a growth of almost 100% compared to the same period of the year before. The consensus of analysts was only $ 648 million, the surprise should have had its effect.

Despite these excellent results, investors reiterate their doubts about the manufacturer's ability to maintain growth in the coming months. The forecast announced by the group for the coming month (420-440M $) are below what the analysts expected (484.6M $), the sanction was immediate: the stock has collapsed 16% after the close of the market, to accumulate 44% loss since the beginning of the year. The announcement of its new physical activity sensors, the Fitbit Blaze and the Alta (which will be available at the end of March) have not really convinced investors.

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