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GoPro's Q4; Was The New HERO A Zero?
Friday, February 3, 2017 - 3:18pm | 306William Power of Baird downgraded shares of GoPro Inc (NASDAQ: GPRO) after the company reported its fourth-quarter results on Thursday. According to Power, GoPro's earnings were roughly in line with what he had expected, but the company's first-quarter guidance was disappointing at a time when the...
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The Holidays Have Come And Gone, As Have GoPro's Hopes Of A Seasonal Boost
Friday, February 3, 2017 - 12:31pm | 286Holiday season 2016 has come and gone, and GoPro Inc (NASDAQ: GPRO) shareholders must stomach another disappointing earnings report and huge market selloff. GoPro shares were down nearly 10 percent in pre-market trading after the company missed its Q4 revenue number and reported much lower-than-...
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Can GoPro Sustain Strong Holiday Sales Into 2017 After Karma Recall?
Tuesday, January 17, 2017 - 12:42pm | 303Baird prefers to remain sidelined on GoPro Inc (NASDAQ: GPRO), as it believes the recent Karma recall raises concerns over the sustainability of strong holiday sales levels into 2017. In September, GoPro released the highly anticipated Karma drone along with the HERO5 cameras. But, the product was...
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Source: GoPro May Add Qualcomm As Supplier, Lowering Dependence On Ambarella
Tuesday, January 10, 2017 - 12:19pm | 267A major supplier for GoPro Inc (NASDAQ: GPRO) might take a big hit soon. A source familiar with the matter told Benzinga that GoPro is considering adding Qualcomm, Inc. (NASDAQ: QCOM) as a component supplier, which would lessen a present dependence on Ambarella Inc (NASDAQ: AMBA) and...
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With GoPro's Hero5 Launch Derailed, Bank Of America Downgrades Stock
Monday, November 7, 2016 - 10:15am | 273GoPro Inc (NASDAQ: GPRO) reported its Q3 results significantly short of expectations. With short supply of its Hero5, GoPro will “miss the opportunity to fully capitalize on its new product cycle and drive a hero sized 4Q,” Bank of America’s Jason Mitchell said in a report....
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Some Wall Streeters Unwilling To Give Up On GoPro
Friday, November 4, 2016 - 11:01am | 302Supply concerns resulted in GoPro Inc (NASDAQ: GPRO) delivering a Q3 miss and reducing its FY 2016 guidance. The new HERO5 cameras and Karma drone have “compelling feature sets and superior branding,” and should become popular as supply constraints ease, Wedbush’s Nick McKay said...
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Are GoPro's New Offerings Good Enough To Capture Its Revenue Targets?
Monday, September 26, 2016 - 9:51am | 438BlueFin’s John Donovan believes GoPro Inc (NASDAQ: GPRO)'s HERO5 product “addresses many of the shortfalls with previous HERO devices, including a full waterproof capability without needing an additional case, voice activation, touch screen improvements, and uploading improvements for...
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GoPro's Karma Implications: Goldman Sachs Sees $277 Million In Drone Revenues Next Year
Tuesday, September 20, 2016 - 7:48am | 355GoPro Inc (NASDAQ: GPRO) announced the launch of a subscription software offering, while introducing its first ever drone and refreshing its action camera portfolio with the new HERO5 Session and HERO5 Black. Goldman Sachs’ Simona Jankowski maintained a Neutral rating on the company,...
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GoPro's Karma Drone Is Coming September 19: This Year's Christmas Gift?
Thursday, September 15, 2016 - 5:03pm | 369GoPro Inc (NASDAQ: GPRO) shares have gained about 10 percent put together on Wednesday and Thursday trading after a 12-percent rut last week following the Apple Inc. (NASDAQ: AAPL) iPhone 7 launch. Confidence has returned on the stock, as the company has scheduled an event for much-awaited Karma...
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GoPro Inventory Sell-Through Clears The Way For Critical Holiday Season
Thursday, July 28, 2016 - 12:16pm | 409GoPro Inc (NASDAQ: GPRO) shares are up 7.6 percent following a big Q2 earnings beat. Barclays analyst Joseph Wolf sees the quarter as solid, but believes this year’s holiday season will tell the true story of GoPro’s future. Wolf noted opex came in a bit higher than expected in Q2, but...
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GoPro Struggling To Generate Social Media Traction For Its New Products
Tuesday, July 26, 2016 - 2:25pm | 358GoPro Inc (NASDAQ: GPRO) has had a rough go of it so far in 2016. The latest data from TickerTags suggest that things may be getting even worse. TickerTags monitors social media sites to identify trends by searching for words and phrases that appear together in social media content, such as tweets...
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Barclays On GoPro: 'Progress Being Made But Still No Near-Term Catalyst'
Friday, May 6, 2016 - 12:49pm | 283GoPro Inc (NASDAQ: GRO) is making strides to turn around its slumping business, but it still might not be enough to boost its struggling stock. Barclays analyst Joseph Wolf is waiting to see a major upside catalyst from GoPro. According to Wolf, solid-but-unspectacular earnings reports are not...
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GoPro Vs. Fitbit: What's The Better Investing Case?
Monday, October 5, 2015 - 8:22am | 492Shares of GoPro Inc (NASDAQ: GPRO) have lost around 65 percent from a year ago while shares of Fitbit Inc (NYSE: FIT) are higher by around 25 percent since its IPO. Rob Cihra of Sterne Agee CRT commented in a note that GoPro faces a "rather weak" fourth quarter while Fitbit "...
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Ambarella's Stock Is Plunging And Taking GoPro With It
Wednesday, September 2, 2015 - 2:40pm | 716Shares of Ambarella Inc (NASDAQ: AMBA) plunged more than 12 percent Wednesday morning after the company's second-quarter print contained a weak third-quarter forecast for wearable-camera revenue. Investors and traders took Ambarella's poor guidance as a bullish sign for the wearable-camera segment...
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Here's Why Citigroup Sees Mixed Q1 Earnings Out Of GoPro
Wednesday, April 22, 2015 - 8:33am | 259In a report published Tuesday, Citigroup analyst Jeremy David previewed GoPro Inc (NASDAQ: GPRO)'s first quarter results and expects the company to deliver a topline beat, but he isn't expecting a large EPS beat. GoPro will report its first quarter results on April 28 after market close. David...