|Bid||6.13 x 4000|
|Ask||6.19 x 800|
|Day's Range||5.87 - 6.26|
|52 Week Range||4.42 - 11.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2018 - Aug 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.09|
Like many technology-based initial public offerings, Arlo Technologies (NYSE:ARLO) experienced tremendous enthusiasm out of the gate. An offshoot from NetGear (NASDAQ:NTGR), Arlo specializes in remote-controlled home-security cameras. On August 3, starting from an IPO price of $16, ARLO stock closed its first day at $22.10, or a 38% increase.
Smartphone companies are feeling the heat of the market slowdown. Apple sold fewer iPhones than expected in the second quarter, while Samsung’s (SSNLF) mobile operating profit fell 34% in the same period as flagship Galaxy S9 sales disappointed. At Sony (SNE), smartphone unit sales fell by almost half from a year ago in the quarter.
GoPro (GPRO) is planning to launch three new cheaper cameras for the holiday season, which is usually its strongest period of the year. The company has been selling a low-priced camera model since early this year, and it hasn’t seen cheaper cameras turn customers away from its premium products, so it’s confident in releasing these lower-cost cameras. GoPro CEO Nicholas Woodman has said that there is strong demand for GoPro products at the right price.
Dumpster divers are taking note of GoPro (NASDAQ:GPRO) stock. The attraction is due in large part to last week’s epic earnings reaction. The better-than-expected results for GPRO stock delivered a rousing one-day 17.7% rip on monster volume.
GPRO stock is still sitting in the red since the start of the year, however — and is deep in the red since its high several years ago. Also, during the earnings call, the company expressed that a shortage of resistors and capacitors could mean GoPro can’t meet the demand for its new offerings in the ever-important holiday season.
U.S. stock futures are hovering just above breakeven this morning. Against this backdrop, futures on the Dow Jones Industrial Average are down 0.02% while S&P 500 have lost 0.01%. Options traders took aim at better-than-expected results from GoPro (NASDAQ:GPRO) with heavy put activity.
Windstream Holdings, Universal Display, and Ambarella have taken a beating this year, but one of these companies should be able to turn things around.
The jobs report whiffed on expectations, coming in at 157,000 versus expectations of 192,500. However, the last two months were revised higher, so perhaps this report will be as well. Either way, investors are shrugging off the miss, as the major indices grind higher. Here are our top stock trades going into next week:Top Stock Trades for Monday #1: GoPro (GPRO)
Here’s a surprise: Action camera maker GoPro (NASDAQ:GPRO) reported second-quarter numbers, and downtrodden GPRO stock actually rallied big in response. As of this writing, GPRO stock is up more than 15% in response to the company’s second-quarter earnings report. Was the report actually good enough to change the long-term trajectory for GPRO stock? Consequently, I think $7 is about as high as GPRO stock will get for the foreseeable future.
MARKET PULSE Shares of GoPro Inc. (gpro) are up 18.6% in Friday morning trading and are on track for their biggest single-day percentage gain since this time last year. The company on Thursday afternoon posted better-than-expected financial results and management spoke of profitability goals.
Sonos, maker of wireless, whole-house speaker systems, went public on Thursday. But can it hold its own against the rival products from Apple, Google, and Amazon? A Sonos executive responds.
Arlo's public-market debut is the Bay Area's 17th IPO in a year in which it has been rare for offerings to miss their targets. But its stock jumped 38 percent in its New York Stock Exchange debut.
Among the companies with shares expected to trade actively in Friday's session are American International Group, CBS, Kraft Heinz, Take-Two Interactive and Dish Network.
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user ! ETFMG Prime Cyber Security ETF (NYSE: HACK ) could ...
It took some coaxing, but when push came to shove later on the day on Thursday, it was the bulls doing most of the shoving. The S&P 500 ended the day at 2827.22, up 0.49%, led by Apple (NASDAQ:AAPL) and Advanced Micro Devices (NASDAQ:AMD). The technology trade is back “on,” and those two names have been the most reliable leaders of late.
GoPro Inc. may be approaching a turnaround, with a more simplified product offering, but investors are nervous that a component shortage will hamper its progress and the big holiday fourth quarter.
As of the latest tally, 24.2 million shares of GPRO stock are sold short — roughly 24% of the float — making it a potential powder keg of bullishness if the company’s quarterly results can scare the doubters into covering their short trades by buying the stock back, en masse. Chief among the lingering concerns is, despite a 5% dip in revenue, cost of revenue edged higher, from $190.9 million to $199.3 million.
GoPro's new low-priced models of its flagship Hero camera follow a $200 (153.55 pounds) model launched in March and builds on efforts to bring back action enthusiasts who have switched to pocket-friendly smartphones with powerful cameras. "Launching a new entry-level camera this holiday season is a benefit to the consumer and to GoPro's margin as well," Chief Executive Officer Nicholas Woodman said on a post-earnings call, adding that he believed the company will be profitable in the second half of 2018. GoPro, which said it would launch the three cameras at a price point of $199 and $299, forecast third-quarter revenue of $260 million to $280 million.