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

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

January 14, 2016 1:27 PM EST

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

January 14, 2016 9:31 AM EST

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.

... More

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

January 14, 2016 9:17 AM EST

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

January 14, 2016 7:48 AM EST

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

Ambarella (AMBA): New Products Should Help it Break Free From the GoPro Curse - Chardan Capital Markets

January 14, 2016 7:37 AM EST

Chardan Capital Markets analyst, Marc Estigarribia, thinks the weakness from GoPro will flow through to Ambarella (NASDAQ: AMBA) but after this works its way through, there are developing products that could drive future growth.

The market continues to slaughter GPRO (down another 25%) and AMBA continues to... More

GoPro (GPRO) Slammed on Weak Holiday Quarter

January 13, 2016 5:02 PM EST

GoPro (NASDAQ: GPRO) shares were crushed after-hours Wednesday after the company told investors that fourth quarter results would be much less than anticipated. The company also announced job cuts to stem the bleeding.

GoPro said it expects to report fourth quarter revenue of approximately... More

GoPro (GPRO) Resumes Trading Down ~25%

January 13, 2016 4:40 PM EST

GoPro (NASDAQ: GPRO) resumes trading and is down 26% to $10.84.

... More

Fitbit (FIT) Sees Weakness Tied to GoPro

January 13, 2016 4:40 PM EST

Fitbit (NYSE: FIT) is trading off 2.6% related to GoPro's fourth quarter warning.

... More

GoPro shares slide after disappointing revenue estimate

January 13, 2016 4:22 PM EST

By Anya George Tharakan and Yashaswini Swamynathan

(Reuters) - GoPro Inc (NASDAQ: GPRO) estimated fourth-quarter revenue below market expectations due to disappointing sales of its action cameras, and said it would cut 7 percent of its workforce, sending its shares into freefall.

GoPro shares plunged 28 percent to $10.50 in extended trading, or less than half its 2014 IPO price of $24.

Traders told Reuters that they had expected a revenue miss in the holiday quarter, but not of this magnitude, adding that this does not bode well for 2016.

The San Mateo, California-based company... More

GoPro (GPRO) to resume trading at 4:40PM ET

January 13, 2016 4:20 PM EST

GoPro (NASDAQ: GPRO) to resume trading at 4:40PM ET

... More

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

January 13, 2016 4:11 PM EST

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

Ambarella (AMBA) on Watch with GoPro (GPRO) Halted

January 13, 2016 4:09 PM EST

Ambarella (NASDAQ: AMBA) on Watch with GoPro (NASDAQ: GPRO) Halted

... More

Ambarella (AMBA) on Watch Amid GoPro Halt

January 13, 2016 4:09 PM EST

Ambarella (NASDAQ: AMBA) is on watch with large customer GoPro halted.

... More