Is iRobot Stock a Buy Right Now?

iRobot (NASDAQ: IRBT) investors have had an eventful summer. iRobot's stock rose 21% immediately following a second-quarter earnings report that absolutely crushed expectations, but has since given up about half those gains. With the stock approaching pre-earnings levels, and high expectations for growth ahead, let's look at the pros and cons to determine if iRobot is a buy right now.

Robotic floor cleaners are all the rage, and why wouldn't they be? After all, would any of us rather clean a floor ourselves rather than have a robot do it for us? These automated robots can adjust to different floor types, dock and recharge themselves, and allow scheduling so they can clean your house when you are not even home. Not only that, their navigation systems are adaptable, so they can adjust as things in your home are changed or moved.

Image source: iRobot.

Source: Fool.com