GoPro (GPRO) Surging Inventory is 'Concerning' - Piper Jaffray

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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 EDT

Northland 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 EDT

Oppenheimer 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

Dougherty & Co. Trims PT on GoPro (GPRO) to $30; Guidaance Worse than Expecte

October 29, 2015 6:43 AM EDT

Dougherty & Co. lowers its price target on Buy-rated GoPro (Nasdaq: GPRO) from $32 down to $30 following Q3 results and outlook.

Analyst Charles Anderson noted the following points from the company's Q3 report on Wednesday night:

GoPro delivered Q315 results that exceeded our recently lowered estimates ($400MM/$0.25 vs. our $370MM/$0.16), but then guided to Q415 results well below recently-lowered expectations: $525MM/$0.40 at the mid-point vs. our $625MM/$0.70. In very simple terms, GoPro is... More

Cowen Downgrades GoPro (GPRO) to Market Perform

October 29, 2015 6:24 AM EDT

Cowen 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

Investors Pull the Plug on GoPro (GPRO) After Brutal Miss

October 28, 2015 4:17 PM EDT

GoPro (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 EDT

GoPro (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

GoPro (GPRO) Ramps Into Earnings After the Close

October 28, 2015 3:36 PM EDT

GoPro (NASDAQ: GPRO) is jumping 6.5% into Q3 results after the close. The company is expected to post EPS of $0.29 and revenues of $433.6 million. Shares have been trading near 52-week low levels into the print on product price cuts and data suggesting weak consumer trends.

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