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

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

GoPro (GPRO) Dead Cat Bounce?

Down over 20% this morning to $11.68 after its fourth quarter warning, some are looking for a dead cat bounce on GoPro (NASDAQ: GPRO) today.

Short interest is high on GoPro and those shorts could move to lock in gains.

FBN Securities Downgrades GoPro (GPRO) to Sector Perform

FBN Securities downgraded GoPro (NASDAQ: GPRO) from Outperform to Sector Perform with a price target of $11.00 (from $30.00). The change follows release of disappointing preliminary results. Analyst Shebly Seyrafi pointed out low visibility, a lack of near-term catalysts, and drone risk.

"We had expressed that the company made a mistake in not introducing a HERO5 in C2015, and after the large share price decline throughout the... 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

After-Hours Stock Movers 1/13: (MTN) (AEO) Higher; (GPRO) (AMBA) (FIT) Lower (more...)

GoPro (NASDAQ: GPRO) 23% LOWER; said it expects to report fourth quarter revenue of approximately $435 million, 15% below the Wall Street consensus of $511.9 million.

Ambarella, Inc. (NASDAQ: AMBA) 10.9% LOWER; falls on GoPro's... 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

Market Wrap: GoPro Slammed on Weak Q4 Numbers; GM Boosts Outlook; GE Will Move to New Home

Market wrap for January 13th

End of the Day: S&P 500 down 48.4 to 1,890.28; Dow Jones down 364.8 to 16,151.41; Nasdaq down 159.9 to 4,526.06

Market Brief: Another selloff took place Wednesday as U.S. stocks fail to find sure footing. The Dow Jones Industrial Index is down 7.3 percent on the year.

General Electric announces plans to move its corporate headquarters.

GoPro shares were slammed late after issuing light Q4 guidance and announcing a workforce reduction.

Security stock CyberArk popped higher today on takeover... More

GoPro (GPRO) Slammed on Weak Holiday Quarter

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%

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

Fitbit (FIT) Sees Weakness Tied to GoPro

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

GoPro shares slide after disappointing revenue estimate

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

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

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

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

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

Ambarella (AMBA) on Watch Amid GoPro Halt

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

GoPro (GPRO) halted, news pending

GoPro (NASDAQ: GPRO) halted, news pending

GoPro (GPRO) Halted, News Pending

GoPro (NASDAQ: GPRO) Halted, News Pending

Google Said to Form Dedicated VR Unit - Re/code

Google is said to have formed its own virtual reality division, according to Re/code.

News comes as Facebook (Nasdaq:... More