|Bid||4.81 x 1000|
|Ask||5.00 x 1000|
|Day's Range||4.8800 - 5.0100|
|52 Week Range||4.0000 - 7.6000|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.67|
It's not often a camera gets a resolution upgrade purely through software, but GoPro appears to have managed just that. The company has released beta firmware that lets its Fusion VR camera capture 5.6K spherical video at 24 frames per second. GoPro manages the feat by capturing footage at 5.8K and stitching it together to produce the finished video.
SAN MATEO, Calif., Jan. 16, 2019 /PRNewswire/ -- GoPro, Inc. (GPRO) today announced that it will release its financial results for the fourth quarter and full year ended December 31, 2018, after the market closes on February 6, 2019. GoPro management will host a conference call and live webcast for analysts and investors on February 6, 2019 at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss the Company's financial results. The webcast will be recorded and the recording will be available on GoPro's website approximately two hours after the call and for 90 days thereafter.
For the first time in years, GoPro Inc. headed to CES without a cloud of layoffs, product-line exits, or holiday-season woes.
GoPro (NASDAQ:GPRO) stock has managed to staunch the bleeding for the time being. GPRO has recovered from its recent low at $4.00, rebounding to $5 this week. That's a nice 25% move off the low. However, it's still a far cry from the $7.60 52-week high price, let alone the $30 level where it started trading at following its IPO. Simply put, GoPro stock has been a massive bust. That's not likely to change anytime soon. GoPro shocked investors with a dismal quarterly report in November. GPRO stock slumped 24% on Nov. 2 following that earnings report. While the company beat on revenue guidance, its all important margins continue to slump. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks at Risk of the Global Smartphone Slowdown ### GoPro's Business Model Problem It's long been an open secret in the tech world that software builds empires, whereas hardware loses traction over time. Software generates huge profit margins, and tends to garner recurring revenue for many years to come. Hardware companies, on the other hand, rarely stay popular for more than a couple years. Apple (NASDAQ:AAPL) is the arguable exception in recent times, but even they have powerful lock-in with iOS, whereas the other cell phone makers largely flamed out as investments. Regardless, in general, companies that have to rely on hardware sales often struggle. The reason shouldn't be hard to understand. A software company has far more customer retention, as users become accustomed to a particular product. They entrust their data to it. It is difficult to switch to a competitor. And there are often numerous patents to protect the software as well. With hardware, it's very easy for low cost international competitors to make a similar product at a cheaper price. Unless your brand is rock solid, many of your customers will defect to a cheaper hardware product with similar functionality. We saw this play out yet again in GoPro's latest quarter. Despite the launch of the HERO7 camera, which performed well enough and led to a revenue beat, the company got hammered on margins. Amazingly enough, while revenues plummeted $44 million for the latest quarter versus the same period in 2017, product creation costs fell by just $5 million. That left gross profit down by almost $40 million versus the same quarter last year. That's horrific. ### Services and GoPro Stock GoPro's business strategy apparently has been to try to build out the platform to sell more services. Wall Street loves subscription revenue, so perhaps there is merit in the idea. To GoPro's credit, they still have $148 million left in cash, and the business is running near breakeven, so there is time to execute a pivot in their business model. However, the company's GoPro Plus subscription model seems to be off to a slow start. GoPro Plus offers users easier video making abilities, cloud storage of videos and pictures, a discount on GoPro accessories, and replacement cameras should a subscriber break theirs. At $4.99 per month, this seems like a fairly generous benefits package at the price point. Regardless, so far, GoPro has only signed up 185,000 paying subscribers, a figure that was up an okay but not impressive 16% sequentially this past quarter. At the current run rate, that is $11 million a year of revenues, and quite a bit less in profits once accounting for the costs of cloud storage, app maintenance, replacement cameras, and so on. At this point, GoPro Plus doesn't look like it can save the GoPro stock price. ### GoPro Stock: This Is a Melting Ice Cube At this point, the only realistic path to substantial gains for GPRO would be a buyout. It's long been rumored that someone will want to buy GoPro out to get access to the brand. In theory, that makes a lot of sense, as an owner like Apple could do a lot with the brand. A Chinese hardware giant, such as Xiaomi might want to buy GoPro for quick inroads into the U.S. market as well. That said, even GoPro's last lifeboat, a buyout, is looking more and more tenuous. The longer GoPro continues to flail about as a public company, the less value it will have to an acquirer. Action cameras have really fallen off in trendiness over the past couple years. Additionally, GoPro itself is shrinking dramatically to make it up for its deteriorating business prospects. Over the past two years, GoPro has slashed its workforce from 1,722 employees to just 927 as of the most recent quarter. On top of that, it has cut its advertising spend. Its dramatically discounted cameras are also hurting the brand's standing with higher-end consumers. All in all, it looks like GoPro will continue to trend steadily into penny stock land in coming quarters. I will note that 27% of the float, a massive amount, is short GPRO. That indicates supreme confidence by the market that GoPro stock will continue to be a loser. It does, however, offer the potential for a sharp short squeeze should GoPro manage to beat earnings in its all-important holiday quarter. That said, I'd stay far away from GPRO stock. If you do own some, this rally looks like a great opportunity to get out while the price is back up around $5. At the time of this writing, Ian Bezek held no positions in the aforementioned securities. You can reach him on Twitter at @irbezek. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post At This Point Only a Buyout Can Save Ailing GoPro Stock appeared first on InvestorPlace.
GoPro's Nick Woodman is happy that there's nothing to report. After an eventful few years, 2018 was pretty much back to business as usual. That doesn't mean it was an uneventful 12 months though.
# GoPro Inc ### NASDAQ/NGS:GPRO View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Negative Short interest is moderately high for GPRO with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on January 2. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding GPRO is favorable, with net inflows of $6.05 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Here's what a Menlo Park startup and 30 other Bay Area tech companies are showing off at the world's biggest consumer electronics show in Las Vegas this week.
LAS VEGAS, Jan. 7, 2019 /PRNewswire/ -- GoPro, Inc. (GPRO) will showcase its award-winning HERO7 camera lineup at the CES 2019 tradeshow with a special focus on the flagship HERO7 Black, which is winning over vloggers, athletes and filmmakers around the world with its in-camera stabilization, HyperSmooth. Since its debut in September 2018, HERO7 Black has earned multiple awards and industry accolades for its innovative firsts including HyperSmooth stabilization, TimeWarp and SuperPhoto – elements made possible by GoPro's custom-designed GP1 processor – as well as improved audio and Live Streaming. Visitors will enjoy stunning videos iconic of the brand on larger-than-life screens throughout the GoPro booth and within the onsite theater space, along with hands-on demos of HERO7 and "ask the expert" camera and software stations with GoPro team members.
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on January 2. According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
GoPro CEO Nick Woodman discusses how the U.S.-China trade dispute is affecting his business and what makes the Hero 7 so unique.