Oppenheimer Remains Sidelined Following a Rough 3Q for GoPro (GPRO)

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

Wall St. slips on tech results, chances of Fed hike

October 29, 2015 7:22 AM EDT

By Lewis Krauskopf

(Reuters) - U.S. stocks ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the potential for an interest rate hike in December.

The Federal Reserve, which kept rates unchanged at its policy meeting that ended Wednesday, downplayed concerns about global growth and indicated confidence in the U.S. job market's recovery.

Stocks had jumped on Wednesday following the Fed statement and, after a strong run from the end of September, were due for a "reprieve," said Jason Ware, chief investment officer at Albion Financial, in Salt Lake... More

Piper Jaffray Downgrades GoPro (GPRO) to Underweight

October 29, 2015 6:55 AM EDT

Piper 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

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

After-Hours Stock Movers 10/28: (LOCK) (HBI) (SPWR) Higher; (AFOP) (GPRO) (BWLD) Lower (more...)

October 28, 2015 6:33 PM EDT

LifeLock (NYSE: LOCK) 39% HIGHER; reported Q3 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $152 million versus the consensus estimate of $147.36 million. LifeLock sees Q4 2015 EPS of $0.28-$0.30, versus the consensus of $0.30. LifeLock sees Q4 2015 revenue of $153-155 million, versus the consensus of $152.08 million.

Alliance Fiber Optic Products (NASDAQ:... More

Market Wrap: FOMC Hints as 2015 Hike; Icahn Gets Active on AIG; GoPro Q3 Misses Mark

October 28, 2015 5:55 PM EDT

Market wrap for October 28th

End of the Day: S&P 500 up 24.5 to 2,090.35; Dow Jones up 198.1 to 17,778.52; Nasdaq up 65.5 to 5,095.69

Market Brief: Markets slipped and rebounded following FOMC suggestion that there might be a rate hike with the last meeting of the year.

Carl Icahn said he took a stake in AGI and sought to split the company into three.

GoPro fell late Wednesday as Q3 results missed expectations.

Diamond Foods will be acquired by Snyder's-Lance.

Crude rose 6.3 percent to $45.94 per... More

GoPro (GPRO) Guides Q4 Well Short of Consensus

October 28, 2015 5:32 PM EDT

GoPro (NASDAQ: GPRO) sees Q4 EPS of $0.35-$0.45 on revenue of $500-$550 million. This compares to the consensus of $0.82 and $690.49 million.

... More

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

October 28, 2015 4:59 PM EDT

Piper 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 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.

... More

Wall Street climbs as Fed puts December rate hike in play

October 28, 2015 7:21 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table.

S&P financials, which benefit from higher borrowing rates, shot up following the Fed statement and led sector gains. The financial index ended up 2.4 percent, its biggest percentage gain in seven weeks. The KBW Nasdaq regional bank index jumped 4.1 percent.

S&P utilities , which tend to do worse when... More

Trading Radar for 10/28: GoPro (GPRO), Walgreens Boots (WBA), Western Digital (WDC), Marriott (MAR) Report

October 27, 2015 2:35 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

Earnings:

AAC Holdings (NYSE: AAC) - consensus EPS $0.16
ACCO Brands Corporation (Nasdaq: ACCO) - consensus EPS $0.27
ADP (NYSE: ADP) - consensus EPS $0.66
AGCO Corp. (Nasdaq: AGCO) - consensus EPS $0.53
Anthem (NYSE: ANTM) - consensus... More