Tag Archives: grmn

Garmin takes on Fitbit with ads, new fitness bands

With fitness bands expected to be hot sellers this holiday season, Garmin (GRMN) is broadening its product lineup to take on market leader Fitbit (FIT). Garmin on Tuesday introduced the Vivosmart HR, a touchscreen activity tracker with a wrist-based heart rate monitor. When paired with a smartphone, the band can receive text messages and calls; issue email, calendar and social media alerts; control music and more, the company said. Garmin also is

Garmin joins crowd with heart-rate monitor sports watch

Garmin (GRMN) caved to competitive pressure Wednesday and released a running watch with a proprietary, built-in heart rate monitor. Garmin’s $330 Forerunner 235 GPS running watch fills a “significant gap” in its product lineup, Dougherty analyst Charles Anderson said in a report Wednesday. He rates Garmin stock as neutral. “Garmin has historically shied away from optical heart rate monitors, believing them to be less accurate than chest-worn

Garmin sinks on another full-year guidance cut

GPS-navigation-products maker Garmin (GRMN) saw its stock tumble Thursday after the company preannounced weaker-than-expected third-quarter earnings and slashed its full-year sales and earnings outlook. Garmin stock was down 14% in afternoon trading on the stock market today, at a four-year low below 32. It started the year near 53. Late Wednesday, Garmin said it expects to announce Q3 sales of about $680 million. Analysts were expecting $705