GoPro (GPRO) Slammed on Weak Holiday Quarter

GoPro's (GPRO) Negative Announcement Keeps Needham & Company Sidelined on Ambarella (AMBA)

Needham & Company reiterated a Hold rating on Ambarella (NASDAQ: AMBA) following GoPro's (NASDAQ: GPRO) negative 4Q pre-announcement. GoPro exposure has been the primary overhang on AMBA shares over the past six months. Needham views the new... More

Barclays Downgrades GoPro (GPRO) to Equalweight

Barclays downgraded GoPro (NASDAQ: GPRO) from Overweight to Equalweight.

For an analyst ratings summary and ratings history on GoPro click here. For more ratings news on GoPro click here.

Shares of GoPro closed at $14.61 yesterday.

Wedbush Cuts Price Target on GoPro (GPRO) Following Negative 4Q Pre-Announcement

Wedbush maintained an Outperform rating on GoPro (NASDAQ: GPRO), and cut the price target to $18.00 (from $33.00), following the company's negative 4Q pre-announcement. Q4 revenue is expected to be roughly $435 million, well below the guidance range of $500 550 million, and consensus of $512 million. The HERO4 Session has been a... More

Dougherty & Co Cuts PT to $13 on GoPro (GPRO) Following Negative Pre-Announcement

Dougherty & Co maintained a Buy rating on GoPro (NASDAQ: GPRO), and cut the price target to $13.00 (from $30.00), following the company's pre-announced negative 4Q earnings report. The company expects revenue to be $435MM, 17% below the midpoint of guidance of $525MM, and below consensus of $512MM. GoPro attributed the weakness to lower-than-expected sell-through... More

GoPro (GPRO) Estimates and Price Target Slashed at Northland Capital

Northland Capital Markets analyst, Gus Richard, slashed his PT on GoPro (NASDAQ: GPRO) nearly in half to $20 from $39 but left his Outperform rating on the stock.

GPRO preannounced revenues of $435M versus Q4 guidance of $500M-$550M. Roughly $21M of the miss was from price protection of its HERO 4 Session. GoPro cited weak sell... More

GoPro (GPRO) PT Slashed to $9 at Piper Jaffray on Negative Pre-Announcement

Piper Jaffray analyst Erinn Murphy reiterated an Underweight rating and lowered her estimates and price target on GoPro (NASDAQ: GPRO) to $9.00 (from $15.00) after the material revision to Q4 sales and projected margins.

Murphy commented, "Sell-through rates were challenged throughout the quarter but... More

GoPro's (GPRO) Q4 Warning Likely to Weigh on Ambarella (AMBA), Says Deutsche Bank

Deutsche Bank analyst Ross Seymore thinks soft preliminary Q4 results from GoPro (NASDAQ: GPRO) will weigh on shares of Ambarella (NASDAQ: AMBA). Both stock traded lower after-hours Wednesday following an announcement from GoPro.

"After the close today,... More

GoPro (GPRO) Prelim. Q4 Revenue Misses Views; Workforce Reduction Announced

GoPro, Inc. (NASDAQ: GPRO) reported certain preliminary financial results for the fourth quarter and year ended December 31, 2015.

GoPro expects revenue to be approximately $435 million for the fourth quarter of 2015 and $1.6 billion for the calendar year. Fourth quarter revenue reflects lower than anticipated sales of its capture devices due to slower than expected sell through at retailers, particularly in the first half of the quarter. Fourth quarter revenue includes a $21 million reduction for price protection related charges resulting from the HERO4 Session repricing in December. Non-GAAP gross margin for the fourth quarter of... More