5 Apr

How Apple, GoPro, Fitbit, HP, and BlackBerry Performed in 1Q17

WRITTEN BY Aditya Raghunath

Apple’s rising shares in 1Q17

In this series, we’ll look at the performance of five consumer technology companies in the first quarter of 2017: Apple (AAPL), GoPro (GPRO), Fitbit (FIT), HP Inc. (HPQ), and BlackBerry (BBRY). We’ll analyze the stock performance, quarterly results, and key drivers of all three firms.

Apple has seen its share price rise 24% since the start of calendar 2017 and 30% in the trailing-12-month period. It closed the quarter at $143.66 after seeing its shares rise 11.8% in calendar 2016.

How Apple, GoPro, Fitbit, HP, and BlackBerry Performed in 1Q17

The 47 analysts tracking Apple stock have issued a 12-month median price target of $151, which indicates that the firm is trading at a discount of 4.5% to target estimates.

GoPro stock has fallen 3% in 1Q17

GoPro’s (GPRO) stock fell 3% in 1Q17 and has returned -26% in the trailing-12-month period. It closed the first quarter of 2017 at $8.7 after seeing its shares fall 51% in calendar 2016.

The 19 analysts tracking GPRO stock have issued a 12-month median price target of $8.5 for GoPro, which indicates that the firm is trading at a discount of 1% to target estimates.

HP rising shares in 1Q17

HP’s (HPQ) shares rose 20.5% in 1Q17 and have returned 43% during the trailing-12-month period. It closed the first quarter of 2017 at $17.88 after seeing its shares rise 30% in calendar 2016.

The 22 analysts tracking HPQ stock have issued a 12-month median price target of $17, which indicates that the firm is trading at a premium of 4.8% to target estimates.

Fitbit in 1Q17

Fitbit’s (FIT) shares have fallen 19% in 1Q17 and have returned -60% during the trailing-12-month period. It closed 1Q17 at $5.92 after seeing its shares fall 75% in calendar 2016.

The 21 analysts tracking Fitbit stock have issued a 12-month median price target of $6.5, which indicates that the firm is trading at a discount of 10% to target estimates.

BlackBerry’s stock performance in 1Q17

BlackBerry’s (BBRY) shares have risen 12% in 1Q17 and have returned 7.3% during the trailing-12-month period. It closed 1Q17 at $7.75 after seeing its shares fall 28% in calendar 2016.

The five analysts tracking BBRY stock have issued a 12-month median price target of $8.32, which indicates that the firm is trading at a discount of 7% to target estimates.

By comparison, the SPDR S&P 500 ETF Trust (SPY) returned 5.5% in 1Q17.

In the next part of this series, we’ll take a look at the details of Apple’s latest performance.

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