Delayed Karma: GoPro pushes drone launch to winter
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May 9, 2016 8:27 AM EDT
Piper Jaffray analyst, Erinn Murphy, thinks GoPro (NASDAQ: GPRO) could have difficulty getting its consumer drone off the ground. Developing a drone autopilot is not easy and typically takes 2nd and even 3rd generation models to develop a bug-free drone. At the time... More
May 6, 2016 7:55 AM EDT
Oppenheimer reiterated a Perform rating on GoPro (NASDAQ: GPRO) following 1Q earnings report. GPRO reported revenues of $183.5, ahead of the consensus estimates of $169M. EPS was reported as ($0.63) vs. ($0.55) estimate. Management reaffirmed FY16 revenue at $1.35-1.50B, and announced a delay of its drone product release,... More
May 6, 2016 7:19 AM EDT
Piper Jaffray analyst Erinn Murphy reiterated an Underweight rating and lowered her price target on GoPro (NASDAQ: GPRO) to $6.50 (from $7.00) following mixed Q1 results. Importantly, GoPro indicated it was delaying the launch of its drone, Karma. Karma will now launch in Holiday vs.... More
