GPRO is receiving positive comments from the JP Morgan conference that was held yesterday. They talked about is becoming more of a content company and how they are teaming up with both google and micro soft.
They also talked about china having very strong sales and their products are being embraced while competitors in china are lacking and showing weak sales.
They also talked about GPRO being compared to the Apple IPOD in early adoption and how GPRO is going to have the equivalent of Apple i-tunes.
I think GPRO is the trade until AMBA earnings. I think AMBA peaked today as the good news is priced in. Unless they issue another blow out and guidance.
I think the stock went up so much because GPRO earnings guidance was so strong. GPRO will more than likely outperform the next few weeks.
This analyst is clueless. He admits that short term shipments are stronger than expected. He then says he has long term concerns about competition. Same old argument! Dont these idiots u derstand brand recognition !!! They said the same thing about Apple , Netflix, and Nike. GPRO is what all the kids want. No one wants some knock off, especially that unknown chinese company. What kid is going to be happy with that??? No one.
Then why is it that every other company the blew away earnings and raised guidance are in new uptrends? GPRO is doing the opposite.
Bottom line, it is selling off again. To me, i would wait until there is a solid buy signal. Right now, the signal is sell. Im not saying short, just saying buying and praying doesnt work. Forget about their earnings, its the past and the stock action is terrible in light of their strong guidance.
Maybe it turns around before the close, who knows.
With such strong earnings and guidance, you would think momentum guys would be buying with both hands and shorts would be covering. If we dont close over 50 today, i think this stock may be done.
The company blew away estimates and raised guidance pretty significantly. So.why is the stock selling off? Its not profit taking, that certainly didnt happen with nflx or amzn. We can blame it on profit taking or shorts all day long. Bottom line, GPRO is being sold off.
To me, this is a very bad sign because the stock action really tells the story.
I think the stock is being held down after hours because eps was in line and guidance was in line. Hardly enough to cause a short squeeze,
Needs to hold 14.75 on q closing basis.
I agree. Although, the fact that so many Iphones have been sold and they barely met expectations is a bit concerning here. If they disappoint on the guidence, this stock will go under 10 bucks by summer.
Excluding these items, non-GAAP gross margin was 46 percent for the fourth quarter of fiscal 2015, consistent with the third quarter of fiscal 2015.
Based on their earnings, guidance, and analyst revisions, this stock should be in the mid 50's at least.
The fact that shorts arent covering is slightly concerning. If this thing doesnt turn around tomorrow, this stock is done.