The robotics company announced the Ava 500 a year ago, but the robot is just now available for purchase. The life-sized robot uses Cisco (CSCO) telepresence software and hardware to give users a physical presence and view into a workplace without actually being there in person.
iRobot believes the Ava 500 telepresence robot has potential uses in manufacturing floors, data centers, pharma clean rooms, and call centers, among other locations.
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TheStreet Ratings team rates IROBOT CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate IROBOT CORP (IRBT) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."