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

GoPro (GPRO) Too Late To The Drone Market - Piper Jaffray

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

Oppenheimer Remains Sidelined as GoPro (GPRO) Announces Drone Delay

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

Delayed Karma: GoPro pushes drone launch to winter

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

GoPro (GPRO) Misses Q1 EPS by 3c; Guidance Reaffirmed But Drone Delayed

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