GoPro Announces Third Quarter 2015 Results
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Poor New Product Sales Negatively Effect GoPro's (GPRO) 3Q Revenue; Northland Capital Markets Cuts Price Target to $39
October 29, 2015 10:38 AM EDTNorthland Capital Markets maintained an Outperform rating on GoPro (NASDAQ: GPRO), and cut the price target to $39.00 (from $80.00), following the company's 3Q earnings results. GPRO reported non-GAAP earnings of $0.25, $0.04 below guidance of $0.29-$0.32. Revenue was negatively impacted by weak sales of GPROs new... More
Oppenheimer Remains Sidelined Following a Rough 3Q for GoPro (GPRO)
October 29, 2015 9:32 AM EDTOppenheimer maintained a Perform rating on GoPro (NASDAQ: GPRO) following the company's 3Q earnings results and guidance. GPRO guided 4Q sales at $500-550M vs. consensus of $675M, and EPS at $0.35-0.45. GPRO also announced a $300M share repurchase program and more aggressive marketing... More
Piper Jaffray Downgrades GoPro (GPRO) to Underweight
October 29, 2015 6:55 AM EDTPiper Jaffray downgraded GoPro (NASDAQ: GPRO) from Neutral to Underweight with a price target of $20.00 (from $25.00), saying they are incrementally cautious following the company's conference call.
Analyst Erinn Murphy commented, "We are incrementally cautious on GPRO shares following the conference call and expectations... More
Cowen Downgrades GoPro (GPRO) to Market Perform
October 29, 2015 6:24 AM EDTCowen downgraded GoPro (NASDAQ: GPRO) from Outperform to Market Perform with a price target of $24.00 (from $60.00) following weak Q3 results and outlook.
Analyst Robert Stone commented, "Q3:15 cash EPS were 14% below St. on 8% lower sales, hurt by the poor Session model... More
GoPro (GPRO) Surging Inventory is 'Concerning' - Piper Jaffray
October 28, 2015 4:59 PM EDTPiper Jaffray analyst Erinn Murphy offered some initial thoughts on GoPro (NASDAQ: GPRO) following the company's miss on the top and bottom line. The analyst highlighted surging inventory, which she said is concerning.
"Overall inventory was concerning up 147% Y/Y... More
Investors Pull the Plug on GoPro (GPRO) After Brutal Miss
October 28, 2015 4:17 PM EDTGoPro (NASDAQ: GPRO) is getting crushed to the tune of 17% after-hours after missing on the top and bottom line in the third quarter and guiding lower for the fourth... More
GoPro (GPRO) Misses Q3 EPS by 5c
October 28, 2015 4:07 PM EDTGoPro (NASDAQ: GPRO) reported Q3 EPS of $0.25, $0.05 worse than the analyst estimate of $0.30. Revenue for the quarter came in at $400.34 million versus the consensus estimate of $435.33 million.
"I am proud of our year-to-date accomplishments in which we posted strong financial results and expanded... More
