4.6000 +0.01 (0.22%)
After hours: 6:20PM EST
|Bid||4.6000 x 36900|
|Ask||4.6000 x 43500|
|Day's Range||4.5900 - 4.7800|
|52 Week Range||3.2500 - 7.6450|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 4, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.45|
Qualcomm, GoPro, NVIDIA, Microsoft and Micro Devices highlighted as Zacks Bull and Bear of the Day
GoPro's third-quarter report was mostly in-line with management's pre-announcement, but its updated full-year guidance implies a "high bar" is set for the fourth quarter, Woodring said in a Friday note. The math behind the 2019 guidance implies that 46% of total revenue will come in the holiday season quarter, which is the highest fourth-quarter mix in company history, the analyst said. First, the holiday season is six days shorter year-over-year, and forecasting consumer demand is never an easy task.
GoPro (GPRO) delivered earnings and revenue surprises of 12.50% and 4.68%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of GoPro Inc. were up more than 10% in after-hours trading Thursday after the company’s better-than-expected revenue and profit metrics suggested that production delays for the Hero8 Black camera didn’t have as negative an impact as was initially feared.
"Both products (HERO8 Black and MAX) appear to be unquestionable hits with consumers and we're optimistic about their impact on our business going forward," Chief Executive Officer Nicholas Woodman said. The action-camera maker's revenue fell about 54% to $131.2 million (£102.36 million), beating estimates of $126.4 million, according to IBES data from Refinitiv.
HERO8 Black and MAX Launched to Widespread Acclaim HERO8 Black and MAX Unit Sales Achieve Record Levels Post-Launch on GoPro.com Plus Subscribers Grow 21% Sequentially and 66% Year-over-Year as of November ...
On Thursday, November 7, GoPro (NASDAQ: GPRO ) will release its latest earnings report. Benzinga's outlook for GoPro is included in the following report. Earnings and Revenue GoPro EPS is expected to be ...
U.S. equities are rallying to fresh record highs on Monday thanks, yet again, to positive China trade headlines right before the open. The focus is shifting from whether a deal actually gets done -- as well as specifics around thorny issues like intellectual property protection -- to where President Donald Trump would like to get the deal signed. Iowa has been mentioned as a candidate.This, of course, is like pure sugar to the market bulls, whipping them into a mania. With the Federal Reserve's three recent interest rate cuts just starting to percolate into the economy, the removal of the drag from trade tensions could kick the economy back into gear. * 7 Retail Stocks to Avoid for the Holidays As a result, these four consumer-oriented technology stocks are rallying and look good for new money:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Consumer Tech Stocks to Buy: Facebook (FB)Facebook (NASDAQ:FB) shares are emerging from a multimonth consolidation range to return to highs not seen since late July. A push back towards the prior high near $210 would be worth a 6% gain from here and potentially mark the end of a sideways range going back to the summer of 2018.The company is expected to next report results around Jan. 29 after the close. Analysts are looking for earnings of $2.47 per share on revenues of $20.1 billion. On Halloween, the company reported better-than-expected third quarter results thanks to ongoing success with Instagram. Snap (SNAP)Snapchat parent Snap (NYSE:SNAP) is enjoying a share price move back above its 50-day moving average, setting up a run to its prior high near $18.50 which would be worth a gain of nearly 20% from here. This traces out an epic head-and-shoulders reversal pattern that started in late 2017 and traces a possible price target of as high as $30, which would be a new post-IPO high. * These 7 Stocks to Buy Were Big Winners This Earnings Season The company is expected to next report around Feb. 4, with analysts looking for earnings of a penny per share on revenues of $560.9 million. HP (HPQ)HP (NYSE:HPQ) shares are also emerging back above their 50-day moving average, setting up a run at the 200-day average that was only briefly crossed back in July. Shares have been in a persistent downtrend pattern since late 2018, but with Black Friday approaching and the company attracting attention for its well-designed Envy computer models, a sustained rebound appears to be in order.The company is expected to next report results around Nov. 27 after the close. Analysts are looking for earnings of 58 cents per share on revenues of $15.3 billion. GoPro (GPRO)GoPro (NASDAQ:GPRO) shares are rallying back above their 50-day moving average, setting up a run at the 200-day average that proved intractable back in late September. Shares have gone nowhere fast after the last four years as the action camera marketplace died down. But new initiatives like 360-degree photography are generating fresh excitement. * These 7 Stocks to Buy Were Big Winners This Earnings Season The company will next report results on Nov. 7 after the close. Analysts are looking for a loss of 48 cents per share on revenues of $126.4 million.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 Stocks to Buy Were Big Winners This Earnings Season * 5 Cheap Stocks Welcoming Insider Buying * 7 Earnings Reports to Watch Next Week The post 4 Consumer Technology Stocks to Buy Now appeared first on InvestorPlace.
Investing.com – GoPro was surging Friday as traders bet the company may be ripe for a takeover amid deal fever in the wearables space following Google's acquisition of Fitbit.
Shares of action camera maker GoPro (NYSE:GPRO) printed a fresh all-time low in early October of $3.25 after the company reported that its new products, the HERO8 Black and HERO Max, would launch later than expected because of production delays. Since, GoPro stock has rebounded some to the $4 level as both cameras have already started shipping, earlier than they were supposed to.Source: Larry George II / Shutterstock.com But, in the big picture, GPRO has gone from $100 in late 2014, to $4 today. That's a big drop, and the unfortunate reality is that this secular decline may not be over.At its core, GoPro is a niche action camera company with no moat, a small addressable market, a lack of demand drivers, stagnant revenues, and low margins. Ultimately, that combination means that this company will never produce big profits. In the lack of big profits, GPRO stock doesn't deserve to fetch a price tag north of $5 today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs such, GoPro stock looks doomed to stick around all-time lows for the foreseeable future. GoPro Isn't a Great CompanyAt one point, this company was the pioneer in a secular growth action camera market. They were going to turn everyone and their best friend into action camera users and all those people were going to create a wealth of action sports content, which would turn GoPro into a media giant. Revenues and profits were going to soar, and GoPro was going to turn into a $100 billion company. * 7 Stocks to Buy in November That was back in 2014. Fast forward five years and none of that has happened. Now, GoPro is worth less than $1 billion.What did happen? First, and foremost, the action camera market stopped growing. As it turns out, there's not a lot of demand for capturing action sports content with a camera because, after all, not many of us do action sports with enough frequency to warrant buying a camera for those activities.Further, smartphone cameras got better and better and smartphones got more durable, so for casual action sports fans, a smartphone did the job of capturing content just fine.Thus, the action camera market became increasingly niche, focused on individuals who do action sports frequently and who don't want to put their smartphones at risk. That's not that many people, so GoPro hasn't sold that many cameras. In order to stoke demand, GoPro has had to cut prices, and that has weighed on margins.The result? GoPro has turned into a small revenue company with anemic margins and no profits. Will things turnaround? Unlikely. The fundamentals underlying the action camera market aren't going to change anytime soon, so unless GoPro finds some way to more deeply monetize its already existing ecosystem of users, the action camera maker will likely remain a low growth, low margin company. GoPro Stock Doesn't Deserve a $5 Price TagGiven GoPro's reality as a low growth, low margin company, GoPro stock doesn't deserve a price tag north of $5 today.At best, revenues will grow somewhere in the low single-digit range over the next few years, supported by flattish unit growth and marginal average selling price growth.Gross margins will move somewhat higher with stabilizing demand, but not much higher because the company doesn't have much wiggle room in terms of price hikes.Opex rates will continue to drop, because management will keep pulling costs out of the system. But, there is only so much cost-cutting management can do, and they've already done a lot, so operating leverage going forward will likely be minimal.Big picture? GoPro projects as a low single-digit revenue grower with somewhat improving margins. My modeling suggests that this growth profile could produce $0.50 in earnings per share by fiscal 2025. Based on a market average 16-times forward earnings multiple and a 10% discount rate, that equates to a 2019 price target for GPRO stock of under $5.To be sure, GPRO stock could surge north of $5 in the event that new cameras stoke new demand, and the company starts selling a lot new cameras. But, my channel checks suggest that this isn't the case with this new iteration of cameras -- see the still deteriorating search interest trends for GoPro both domestically and internationally.In the absence of a game-changing catalyst, GPRO stock will likely remain around all time lows. Bottom Line on GoPro StockOver the past five years, GPRO stock has tanked from $100 to $4. This secular decline may not be over just yet. The reality is that GoPro is a low growth, low margin company, and as a low growth, low margin company, GPRO stock doesn't deserve to trade above $5 today.The investment implication? Continue to steer away from GoPro stock, for now.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post GoPro Stock May Be Stuck at All-Time Lows Indefinitely appeared first on InvestorPlace.
GoPro (GPRO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]
Bills introduced in the House and Senate over the past month seek to block federal agencies from buying drones manufactured in China, spurred by the view that the unmanned vehicles might end up sending their data back to Beijing.
Like Three Cameras in One: Maximum Stabilized HERO Camera, Versatile Vlogging Camera and Next-Level 360 Camera All in One SAN MATEO, Calif. , Oct. 24, 2019 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today ...
When a whole market knows something is overvalued, when the shorts AND the longs agree that a stock is too high, recognize that when a lock-up is cracked before its expiration, run, don't walk, away from that stock. Have you seen the stock of Beyond Meat since the pricing of its secondary announced back on July 29 when the stock was at $222? The company, especially the CEO, wanted everyone to win on the impromptu insider sale -- and that's a big reason why the secondary was priced at $160, about $60 below where the stock was trading.
If you want to know who really controls GoPro, Inc. (NASDAQ:GPRO), then you'll have to look at the makeup of its share...
Earnings are here! Jim Cramer is weighing in on Real Money Stock of the Day McDonald's Earnings, Beyond Meat and WeWork's ongoing headlines. Also, in case you missed it, we have earnings from McDonald's, Procter & Gamble , United Parcel Service , United Technologies , Texas Instruments , Travelers , Chipotle Mexican Grill , Lockheed Martin , Snap , JetBlue Airways , Kimberly-Clark , Harley-Davidson , Biogen and Whirlpool all expected Tuesday.
Back during Sony's (NYSE:SNE) tough days, I personally witnessed the dramatic rise and influence of GoPro (NASDAQ:GPRO). At the time, I was a senior business analyst tasked with increasing Sony's digital camera market share. From a product perspective, GPRO had the better ideas. But I'm glad I invested in SNE rather than GoPro stock.Source: Larry George II / Shutterstock.com Here's the painful reality about GoPro stock: it's fighting an increasingly difficult war with irrelevancy. Now, I'm not suggesting that action cameras will go completely out of style. Clearly, they perform a function that no standard camera can carry out. As a result, GPRO stock continues to trudge along.But the question really isn't whether action cameras are useful or attractive. After all, no other cameras are appropriate for extreme sports or sports in general. But how many people actually need an action camera? The data suggests that the number of such consumers is dwindling. Thus, the days of niche camera specialists like GoPro are numbered. That doesn't bode well for the GoPro stock price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMore critically, GPRO stock faces the same threat that has disrupted digital point-and-shoot cameras: the smartphone. * 7 Reasons to Buy Canopy Growth Stock In recent years, I've criticized Apple (NASDAQ:AAPL) for not producing any exciting innovations. With its iPhone 11 Pro, it's proven me wrong. The device's three rear cameras each feature a different angle, ensuring every Pro owner has a semi-professional camera rig in their pocket.Thus, it's a tall order for GoPro to convince consumers that they need a separate camera. Sure, some sporting enthusiasts will buy GoPro's cameras, but not many. And that's the main headwind staring down GoPro stock. GoPro Stock Suffers From a Flawed Business PlanLast month, Sony rejected active investor Dan Loeb's proposal to break up the company. Specifically, Loeb wanted to spin off the company's image-sensor business. In Loeb's view, spinning off the image sensors business will release value for Sony's shareholders. Theoretically, the spinoff would also allow the company to focus on more lucrative entertainment projects.However, Sony gave Loeb the proverbial finger. In a statement, the Japanese consumer technology giant responded:Many of the world's leading entertainment companies are now seeking to acquire technology, while many technology companies are moving into the entertainment space. The clear trend we see is for entertainment businesses of today to be directly connected to technology.In other words, consumer tech firms are now focused on integration, not segregation. Thus, it doesn't make sense for Sony to move against a broader industry trend. Moreover, we already have a case study of tech segregation: the GoPro stock price.The reason why Loeb's proposal is unreasonable is that the image-sensor business. if left alone, would die an unexpectedly quick death. But combined with other robust businesses, the whole entity can move forward.Of course, that means buying SNE probably won't make you rich. At the same time, Sony likely won't turn into GPRO stock. Companies that get most or all of their revenue from a relatively small group of consumers can expect wide valuation swings. Click to EnlargeWhat's particularly troubling for GoPro stock, though, is the action-camera industry's diminishing returns. Between 2011 and 2012, the number of action cameras shipped increased 121% to 3.1 million. Between 2012 and 2013, the growth rate slipped to 93.5%.But last year, action-camera shipments increased by a comparatively pitiful 20%. And this year, experts, on average, forecast a growth rate of just 14%. Separate the Product From the InvestmentAs I said at the top, GoPro had a better idea than Sony. But GoPro stock is obviously nowhere near the caliber of Sony's shares. Perhaps a personal story may better illustrate why this is the case.I own two GoPro cameras, and I use them frequently. Not only do these cameras work under inclement conditions, they provide gorgeous footage and clear audio. Additionally, GoPro's product ecosystem is second to none. While I'm bearish on GPRO stock, I will sing the praises of the company's product engineers.But here's the thing: I'm an anomaly, and I know it. Primarily, I take in-car video because frankly, I have a car worthy of such footage. However, the average Joe or Jane, driving in his or her low-cost vehicle, has nothing interesting going on.And that's why action-camera sales are declining rather precipitously. When there's an iPhone that combines the power of multiple interchangeable lenses in one cohesive platform, why bother with other cameras? Unfortunately, the trend of digitalization is making GoPro irrelevant for everyone but a diminishing few.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Why GoPro Stock Is a Loser appeared first on InvestorPlace.
SAN MATEO, Calif. , Oct. 15, 2019 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that it will release its financial results for the third quarter ended September 30, 2019 , after the market ...
SAN MATEO, Calif., Oct. 15, 2019 /PRNewswire/ -- GoPro, Inc. (GPRO) is putting up $1,000,000 to celebrate the creativity and passion of the GoPro-owner community with the GoPro Million Dollar Challenge. Open exclusively to owners of HERO8 Black and MAX cameras, the GoPro Million Dollar Challenge will award an equal share of $1,000,000 to entrants whose video clips are included in the HERO8 Black + MAX highlight video to be released in late January 2020. "HERO8 Black and MAX make it so easy to capture professional-quality footage, it's a no brainer for us to reward our customers for shooting our highlight video for us," said GoPro Founder and CEO Nick Woodman.