14 Jan

GoPro Rose Slightly on Preliminary 4Q15 Results

WRITTEN BY Gabriel Kane

Price movement of GoPro

GoPro (GPRO) has a market cap of $2.0 billion. GPRO rose by 0.07% to close at $14.61 per share as of January 13, 2016. The price movement on a weekly, monthly, and year-to-date (or YTD) basis is -20.6%, -23.7%, and -18.9%, respectively.

GoPro Rose Slightly on Preliminary 4Q15 Results

Technically, the stock has broken support levels and is trading below all moving day averages. Currently, GoPro is trading 17.9% below its 20-day moving average, 26.6% below its 50-day moving average, and 63.8% below its 200-day moving average.

The iShares Morningstar Small-Cap Growth ETF (JKK) invests 0.29% of its holdings in GoPro. The ETF tracks a market-cap-weighted index of US small-cap growth stocks. The index selects stocks with market caps of 70% to 90%. The YTD price movement of JKK is -9.4% as of January 12, 2016.

The market caps of GoPro’s competitors are as follows:

  • Canon-ADR (CAJ): $38.2 billion
  • Sony (SNE): $29.6 billion
  • Best Buy (BBY): $10.0 billion

GoPro’s preliminary results for 4Q15 and fiscal 2015

The company reported the following 4Q15 preliminary results:

  • revenue of ~$435.0 million, which includes a $21 million reduction for price-protection-related charges resulting from the HERO4 Sessions repricing in December
  • non-GAAP gross margin in the range of 34.5% to 35.5%
  • non-GAAP operating expense in the range of $150.0 to $152.5 million

The company reported the following fiscal 2015 preliminary results:

  • revenue of $1.6 billion
  • cash, cash equivalents, and marketable securities of ~$475 million on December 31, 2015

To increase its growth, the company has implemented a reduction in workforce of ~7%. The company will incur ~$5 million to $10 million of restructuring expenses in 1Q16, all of which will be severance costs.

The PE (price-to-earnings) and PBV (price-to-book value) ratios of GoPro are 12.2x and 2.4x, respectively, as of January 13, 2016.

Latest articles

Today, Canopy Growth announced that it acquired the Saskatchewan-based KeyLeaf Life Sciences along with entities relating to the company and its intellectual property. Here's what you need to know about the completed deal.

Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.

On June 24, RH (RH) was trading at $115.01, implying a rise of 21.2% since its announcement of its first-quarter earnings results on June 12. Despite the surge in its stock price, the company is still trading at a discount of 29.1% to its 52-week high.

26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.