Is GoPro Banking on Karma Again to Drive Future Revenue?
On January 4, 2017, GoPro (GPRO) stated that it will resume sales of its Karma drone.
Is a Rosy Picture in Store for GoPro for the Rest of 2016?
GoPro (GPRO) expects to post revenue between ~$1.4 billion–$1.5 billion in fiscal 2016. Analysts estimate that GoPro will post revenue of $317.3 million in 3Q16 and $671.6 million in 4Q16.
Is Facebook the Reason Snapchat Is Running to Hardware?
If hardware products appeal to social media users, then Snap as well as Facebook will both enter the business. It won’t be an easy road for Snap.
What Were GoPro’s Major Launches in September 2016?
In September 2016, GoPro (GPRO) unveiled its much-anticipated drone, Karma a compact drone designed to fit in a small backpack.
Can GoPro Swing a Comeback in 2017?
Though GoPro missed revenue estimates in 4Q16, it was still the firm’s second-best-performing quarter in terms of revenue, driven by sales of its HERO5.
Why Did GoPro Rise ~8% on June 17?
GoPro (GPRO) has a market cap of $1.4 billion. It rose by 8.2% to close at $10.65 per share on June 17, 2016.
How Are the GoPro Plus and Quik Apps Engaging Customers?
The recently launched HERO5 can auto-upload videos shot and photos captured to GoPro Plus when the camera is on charging mode.
Why GoPro Is So Optimistic about Asia Sales
GoPro believes it can grow sales in developing economies such as India and China by focusing on online sales.
The Latest Updates from GoPro, Fitbit, and Sony
June marked an inflection point for action camera maker GoPro (GPRO).
How Is GoPro Enhancing Customer Experiences?
During GoPro’s 4Q16 earnings call, the firm stated that it wants to make GoPro products central to the smartphone experience.
Wedbush and Dougherty & Company Downgrade GoPro
Price movement GoPro (GPRO) has a market cap of $1.6 billion. It fell 4.1% to close at $10.41 per share on November 9, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -18.9%, -30.7%, and -42.2%, respectively, on the same day. GPRO is trading 21.9% below its 20-day moving average, 28.1% below […]
Can Facebook Give Worried Snap Investors Peace of Mind?
While Snap’s recent steep stock decline may worry investors, historical IPO data show that first-week and first-year performances following an IPO usually have little bearing on the long-term prospects of a company.
Here’s Why GoPro Is Laying off 200 Employees
GoPro’s restructuring process will see 15% of its current workforce eliminated, meaning the company is ready to do away with ~200 positions.
What Apple Has to Gain by Making a Waterproof iPhone
Supply chain leaks have created the impression that Apple is working on an iPhone device that the world has never seen before.
Raymond James Downgrades HNI to ‘Market Perform’
HNI (HNI) has a market cap of $1.8 billion. It fell 24.4% to close at $40.97 per share on September 20, 2016.
Why Microsoft Is Going into the Drone Business
Earlier this year, Microsoft (MSFT) joined other investors in raising $26.0 million for a drone-oriented startup called AirMap.
Inside GoPro’s Major Markets
GoPro (GPRO) accounted for three out of the top five products on a unit basis in the combined digital camera and camcorder segment in the US in 3Q16.
Why GoPro Is So Optimistic about HERO5
Although GoPro missed revenue estimates in 4Q16, it was still the firm’s second-best-performing quarter in revenue, primarily driven by HERO5 sales.
Who Were the Outliers in the Consumer Space on September 28?
On September 28, the S&P 500 outperformed the S&P Consumer Discretionary and the S&P Consumer Staples, which saw returns of 0.53%, 0.30%, and 0.11%.
What Did Erinn Murphy Say about GoPro?
GoPro cameras started selling on discount and flash sale websites. For fiscal 3Q15, GoPro ended up with a huge inventory on its balance sheet.
Is GoPro Stock a ‘Buy’ for Investors at a 40% Discount?
At $4.16 per share, GoPro (NASDAQ:GPRO) stock trades at more than a 40% discount to its 52-week peak of $7.30. The stock has come a long way.
What Next for GoPro Stock after 46% Decline?
Shares of GoPro (GPRO) continue to take a pounding in 2019. The stock has declined over 7% year-to-date, underperforming broader markets.
ISM Services Data Adds to Market Gloom, Stocks Tank
Today, the ISM released its nonmanufacturing purchasing managers’ index data—also known as the services PMI—which came in below market expectations.
GoPro Stock Tanks 20% as Company Cuts 2019 Forecast
GoPro (GPRO) stock is down 21.8% this morning. The action-camera manufacturer has reduced its 2019 revenue and EPS forecast.
BlackBerry, Roku, GoPro, Shopify Down More than 5%
It’s been a bad day for small- and mid-cap tech stocks. BlackBerry, Roku, GoPro, and Shopify have lost significant market value today. Here’s why.
Trade War: Should US Companies Take Trump’s Advice?
On August 23, amid an escalating trade war, President Donald Trump ordered US companies to seek alternatives to Chinese manufacturing.
Five Tech Stocks that Are Risky for Investors
Let’s look at five tech stocks that are trading at 52-week lows (some are at all-time lows) and are still way too risky for investors.
Will Huawei’s Hongmeng OS Topple Google Android on Mobile?
Huawei has unveiled a new OS, Hongmeng, after being placed on a US trade blacklist. The new OS is a direct replacement of Google’s Android.
GoPro Stock Falls in the Wake of Its Q2 Results
GoPro (GPRO) stock fell over 12.0% in early market trading today. It announced its second-quarter earnings results on August 1.
Apple’s Texas Plant Is Crucial to Avoid Chinese Tariffs
The Mac Pro desktop was produced at Apple’s Texas plant. Now, the Mac Pro desktop is at the center of a bitter standoff between President Trump and Apple.
GoPro’s Q2 Earnings: What to Expect
Consumer technology company GoPro (GPRO) will announce its second-quarter results on August 1.
What Will Affect GoPro Stock Going Forward?
Though GoPro (GPRO) stock has gained an impressive 60.0% in 2019, it’s fallen close to 80% since its IPO in June 2014.
Will GoPro Stock Move Higher in Next 12 Months?
GoPro (GPRO) stock has had a spectacular run this year.
What’s Likely to Drive GoPro Sales Going Forward?
GoPro (GPRO) is optimistic about demand for its line of camera products.
What Wall Street Expects for GoPro in Q1 2019
Consumer technology company GoPro (GPRO) is set to announce its first-quarter earnings results on May 2.
Fitbit Stock Has Been Volatile This Year
Shares of consumer tech company Fitbit are up over 11% so far in 2019. From the start of this year to February 27, 2019, the stock rose 28%.
Cisco Stock Up 3.92% after Upbeat Q2 Earnings
Cisco Systems (CSCO) stock increased 3.92% in after-hours trading on February 13 after the tech giant reported upbeat results in the second quarter of fiscal 2019.
Can GoPro Stock Rise More in the Next 12 Months?
GoPro (GPRO) stock has fallen 28% in 2018. In fact, it’s lost significant value in the last three years.
GoPro Stock: Analyzing the Upside Potential
GoPro (GPRO) stock has gained close to 13% in the past week. Is the gain a momentary spike in the share price or has GoPro stock bottomed out?
A Look at GoPro’s Marketing and Distribution Strategy
GoPro (GPRO) has a multichannel marketing strategy across social media platforms.
GoPro Is Focusing on Social Media to Leverage Customer Engagement
As the world continues to become more social, GoPro is looking at a significant opportunity to build its core camera application and cloud business.
How Does GoPro Aim to Improve Its Market Share?
According to Statista estimates, unit sales of action cameras were 8.4 million in 2015 and 10.5 million in 2016.
Fitbit and GoPro Continued to Slide Last Week
Shares of consumer technology company GoPro (GPRO) fell 17.3% in the week ended March 23, 2018.
How Is GoPro Improving Social Media Engagement?
GoPro’s (GPRO) App Store rating has improved significantly from 2.7 stars in September 2017 to 4.7 stars in December 2017.
A Look at Some of GoPro’s Major Challenges
Gross margins narrow In 2Q17, GoPro’s (GPRO) gross margin narrowed to 36% from 42% in 2Q16. However, GoPro’s operating expenses fell 36% YoY (year-over-year) to $116.5 million, to offset the gross margin contraction. GoPro will need to reduce costs faster than its gross margin contracts to achieve profitability. Last December, GoPro announced the reduction of […]
Could GoPro’s Expanded Product Line Attract Consumers?
Karma drone GoPro’s (GPRO) management has stated that one of the company’s top priorities is to expand the “GoPro experience” for advanced users. GoPro claims to have fixed the issues plaguing the Karma drone, which resulted in a mass recall of the product. According to The NPD Group, Karma was the number-two-selling drone brand (on a […]
Why GoPro Is Focusing on Inventory Management
GoPro sells products in 45,000 locations GoPro (GPRO) sells products in over 100 countries and 45,000 locations. While the company tries to ensure product availability to consumers, its vast retail network means that it constantly deals with supply chain challenges. Two years ago, GoPro’s inventory levels were very high, as it had overestimated demand for […]
A Look at Fitbit’s Research and Development Spending
We’ve seen that Fitbit’s (FIT) revenue fell significantly by 40% YoY (year-over-year) in 2Q17. Fitbit’s research and development (R&D) spending, however, rose 1% YoY in 2Q17 to $80.54 million.
A Look at GoPro’s Long-Term Challenges
GoPro (GPRO) expects revenue from the Karma drone to rise in 2Q17. The drone is priced higher than competitor products.
A Look at Nokia’s Valuation
Nokia’s current book value per share of ~$3.6 compares with its expected book value per share of ~$3.6. Nokia stock is trading at a price-to-book value of ~1.6x.
A Debt Analysis of Apple
Apple’s (AAPL) balance sheet reflects short-term debt and long-term debt of $13.9 billion and $84.5 billion, respectively, putting its total debt at $98.5 billion.
What GoPro Expects for 2Q17 and Fiscal 2017
Revenue of $270 million expected in 2Q17 In 2Q17, GoPro (GPRO) expects revenue between $260 million and $280 million. The company expects the HERO5 Black camera to be its top-selling product. The Karma drone is also expected to account for a large percentage of GoPro’s 2Q17 revenue. GoPro expects a gross margin of approximately 33.5%, […]
Could GoPro’s Profit Margins Improve in Fiscal 2017?
Need to reduce costs In 1Q17, US-based (SPY), consumer tech (QQQ) company GoPro (GPRO) reduced its channel inventory by 13% QoQ (quarter-over-quarter). GoPro expects this trend to continue, as it has reduced the price of the HERO Session by $50 to $149. GoPro has several initiatives to cut costs and improve efficiency. It has built […]
What Are GoPro’s Major Markets?
Growth in international business One of GoPro’s (GPRO) key priorities is to grow its international business over the next few quarters. In 1Q17, GoPro generated over 60% of revenue from international markets. GoPro opened its first international sales office in Europe in 2014. Japan and China drive international revenue in 1Q17 GoPro’s revenue from Japan […]
Inside GoPro’s Strategy to Improve Financial Metrics
GoPro has stated that it wants to be profitable and is planning to reduce its capital expenditure to below $600 million.
What Twitter Can Learn from Snap
Twitter (TWTR) has taught one lesson for the newly listed Snap (SNAP). Snap wants to avoid Twitter’s post-IPO troubles that have depressed the stock.
How Did GoPro Reduce Its Operating Expenses in 4Q16?
In 4Q16, GoPro’s (GPRO) gross margin fell from 40.6% to 39.5% in 3Q16, primarily driven by channel mix.
Why Did GoPro Stock Fall on February 8?
Of the 18 analysts covering US-based GoPro (GPRO), one gave it a “buy” recommendation, seven recommended a “sell,” and ten recommended a “hold.”
What Were GoPro’s Metrics in 4Q16?
According to NPD Group’s retail tracking service, GoPro (GPRO) accounted for three out of the top five products—including the top two positions—on a unit basis in the US Digital Imaging Product segment for 4Q16.
Why Did GoPro Stock Slide after Its 4Q16 Results?
On February 2, GoPro (GPRO) reported revenues of $540.6 million for 4Q16. Although GoPro’s revenues rose 23.8% YoY, its stock fell more than 13% in after-hours trading.
What Will Change for GoPro When Karma Returns to the Market?
GoPro plans to relaunch its camera-based drone, Karma, later this year. Karma was pulled from the market in 2016 following a battery problem.
How Did GoPro Stock Perform in 2016?
GoPro stock has been in a downward spiral since last year. The stock fell over 50% in 2016.
Tyson Foods Forms a New Venture Capital Fund to Focus on Growth
In fiscal 2016, Tyson Foods (TSN) reported sales of $36.9 billion, a fall of 10.9% year-over-year.
Apple’s iPhone Tops Tech Gift Lists This Holiday Season
Apple (AAPL) may have a stronger holiday quarter this year if Piper Jaffray’s survey turns out to be true. Of 1,000 respondents in the US, 7.2% stated that they’re looking forward to buying an iPhone—up from 5.2% in 2015.
Quik and GoPro Plus Are Trying Engage Customers—But Is It Working?
The GoPro Plus subscription service costs $4.99 per month and supports all camera models. GoPro Plus has to compete with major players like iCloud (AAPL).
How Did PVH Corporation Perform in 3Q16?
PVH Corporation (PVH) has a market cap of $8.5 billion. It fell 0.08% to close at $105.94 per share on November 30, 2016.
A Look at WhiteWave Foods’ 3Q16 Performance
Price movement WhiteWave Foods (WWAV) has a market cap of $9.7 billion. It rose 0.78% to close at $54.47 per share on November 9, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.59%, 1.7%, and 40.0%, respectively, on the same day. WWAV is trading 0.37% above its 20-day moving average, 0.44% […]
How Did Johnson Controls Perform in 4Q16?
Price movement Johnson Controls (JCI) has a market cap of $41.7 billion. It rose 5.7% to close at $43.94 per share on November 8, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 6.5%, -1.8%, and 40.9%, respectively, on the same day. JCI is trading 1.9% above its 20-day moving average, 2.0% […]
A Look at Mohawk Industries’s 3Q16 Earnings
Mohawk Industries (MHK) has a market cap of $14.3 billion. It rose 7.8% to close at $190.75 per share on November 4, 2016.
A Look at WestRock’s 4Q16 Performance
Price movement WestRock (WRK) has a market cap of $11.4 billion. It fell 2.3% to close at $45.27 per share on November 7, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.0%, -2.7%, and 2.2%, respectively, on the same day. WRK is trading 2.7% below its 20-day moving average, 4.2% below […]
Barclays Upgrades Wabco Holdings to ‘Overweight’
Wabco Holdings (WBC) has a market cap of $5.6 billion. The stock rose 0.21% to close at $99.37 per share on October 24, 2016.
Putting People to Work, Toyota Motor Announces New Hiring Plan
Toyota Motor (TM) has a market cap of $192.5 billion. It fell 0.40% to close at $114.69 per share on October 13, 2016.
Is GoPro on Track to Achieve Revenue and Profitability Targets?
Since GoPro announced its 2Q16 results, its share price has risen 45%, driven by earnings and the launch of Karma and the HERO5 line of cameras.
GoPro Falls Again with Launch of Competitor’s Camera
GoPro (GPRO) has a market cap of $2.3 billion. It fell 0.77% to close at $16.79 per share on September 27, 2016.
How Baird Views Nike ahead of Its Fiscal 1Q17 Results
Nike (NKE) reported fiscal 4Q16 revenues of $8.2 billion, a rise of 5.1% from the $7.8 billion reported in fiscal 4Q15.
Bank of America Merrill Lynch Rated GoPro a ‘Buy’
GoPro (GPRO) has a market cap of $2.0 billion. It rose 5.7% to close at $14.96 per share on September 16, 2016.
Goodyear Tire & Rubber’s Financial Targets and Quarterly Dividend
Goodyear Tire & Rubber Company (GT) has a market cap of $8.8 billion. It rose 5.1% and closed at $32.39 per share on September 15, 2016.
GoPro Banks on Social Media to Engage Customers
In May 2016, GoPro (GPRO) announced a multiyear partnership that includes content production, cross-promotion, and distribution on a global scale with Red Bull.
International Markets of Growing Importance to GoPro
In August 2016, GoPro (GPRO) announced an exclusive partnership with Reliance Digital, which is India’s (EPI) largest consumer electronics retailer.
What Are GoPro’s Key Content Partnerships?
In June 2016, GoPro announced its partnership with Ford, wherein the two companies will develop an original series called Unstoppable Life.
GoPro Apps Quik, Splice among Key Parts of Its Ecosystem
In February 2016, GoPro announced the acquisition of two mobile editing apps—Quik and Splice. In May 2016, the company relaunched the apps as “GoPro branded experiences.”
How GoPro Is Eyeing Growth in Its Product Segment
During its 2Q16 earnings call, GoPro (GPRO) stated that its HERO5 product line is expected to launch in the second half of 2016.
GoPro Recognizes Need for Innovation to Drive Revenue Growth
GoPro’s (GPRO) revenue growth has been significant in the last five years, rising from $234 million in fiscal 2011 to ~$1.6 billion in fiscal 2015. Founded in 2004, GoPro was publicly listed in 2014.
Piper Jaffray Upgrades Select Comfort to ‘Overweight’
Select Comfort rose by 7.5% and closed at $27.68 per share on August 15. Its weekly, monthly, and YTD price movements were 7.7%, 21.4%, and 29.3%.
How Will GoPro’s Delayed Drone Launch Affect 2016 Revenues?
During its last earnings call, GoPro (GPRO) announced that it had delayed the launch of Karma, its much-awaited drone.
Staples and Industrials Subdued FBGRX in Year-to-Date 2015
The Fidelity Blue Chip Growth Fund (FBGRX) rose 0.8% in November 2015 from October’s reading. FBGRX has generally been a below-average performer for all periods under review.
GoPro Continues to Trade below Its IPO Level
In 2014, GoPro came out as one of the fastest growing companies. Its price rose more than 100%. Investors drove the price to $93.0 in September 2014.
GoPro’s Market Shares and Earnings Trend
In the camcorder market, GoPro (GPRO) has the leading market share of 47.50%. It’s followed by ION, Sony (SNE), and Polaroid.
GoPro Increased Its Revenue and Geographical Reach
GoPro has expanded geographically to the EMEA and APAC countries. It has 40,000 retail outlets. GoPro’s revenue rose 126% in 2Q15.