GoPro (GPRO) PT Cut to $6.50 at Piper Jaffray as KARMA Gets Bumped Back
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Go back to GoPro (GPRO) PT Cut to $6.50 at Piper Jaffray as KARMA Gets Bumped Back
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 5, 2016 4:39 PM EDT
By Rishika S
(Reuters) - Wearable action camera GoPro Inc (NASDAQ: GPRO) said on Thursday it would delay the launch of its drone, Karma, until the holiday shopping season.
The company's shares were down 4.3 percent at $10.25 in after-hours trading.
The drone, which was expected to release in the first half of the year, was seen by analysts as key in turning... More
May 5, 2016 4:17 PM EDT
GoPro (NASDAQ: GPRO) reported Q1 EPS of ($0.63), $0.03 worse than the analyst estimate of ($0.60). Revenue for the quarter came in at $183.5 million versus the consensus estimate of $169.08 million.
Consumer demand for GoPro remains solid, said Nicholas Woodman, GoPro Founder and CEO. "Unit sell-thru was... More
