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Could GoPro See A Hostile Takeover?
Thursday, January 14, 2016 - 12:44pm | 243According to tech stock expert Sean Udall, GoPro Inc (NASDAQ: GPRO)’s market cap has now declined to the point at which it will likely face the prospect of a hostile takeover. Udall told Benzinga that he believes GoPro’s business is far from dead when it can still sell $1-2 billion...
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GoPro Now Trades At Bargain-Bin Valuation Metrics
Thursday, January 14, 2016 - 10:06am | 512GoPro Inc (NASDAQ: GPRO) has fallen off a cliff. Down 20 percent in after-market trading on Wednesday following negative guidance revisions, shares have flirted with single digit territory. For a stock that traded in the $60s a year ago, that's a massive disappointment for anyone involved....
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EXCLUSIVE: Detwiler Fenton Says GoPro Doesn't Fit Apple's Long-Term Ecosystem, Skeptical Of Merger Comments
Tuesday, December 15, 2015 - 1:39pm | 328Shares of GoPro Inc (NASDAQ: GPRO) spiked higher by nearly 4 percent on Tuesday, but are lower by more than 70 percent in 2015. Investors and analysts continue to speculate a scenario in which Apple Inc. (NASDAQ: AAPL) acquires the company given its beaten-up valuation. Analysts at...
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GoPro Could Face Negative Order Revisions Heading Into 2016, Cleveland Research Warns
Thursday, December 3, 2015 - 12:20pm | 461Shares of GoPro Inc (NASDAQ: GPRO) lost nearly 5 percent on Thursday following several scathing reports from Wall Street analysts. Ben Bollin of Cleveland Research commented in a note that GoPro is likely facing order cuts heading into the end of the year while 2016 will prove to be a more...
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Citi Cuts GoPro Target; Stays Positive On 2016 Product Launches
Tuesday, October 20, 2015 - 10:50am | 361Shares of GoPro Inc (NASDAQ: GPRO) traded higher by more than 5 percent Tuesday despite Jeremy David of Citi lowering his price target to $75 from $90. However, David maintained a Buy rating on the stock, noting the risk to reward profile is becoming "highly asymmetric." David...
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GoPro Vs. Fitbit: What's The Better Investing Case?
Monday, October 5, 2015 - 8:22am | 492Shares of GoPro Inc (NASDAQ: GPRO) have lost around 65 percent from a year ago while shares of Fitbit Inc (NYSE: FIT) are higher by around 25 percent since its IPO. Rob Cihra of Sterne Agee CRT commented in a note that GoPro faces a "rather weak" fourth quarter while Fitbit "...
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GoPro Can Recover In 2016, Says Sterne Agee CRT
Tuesday, September 29, 2015 - 9:26am | 378Shares of GoPro Inc (NASDAQ: GPRO) have declined 53 percent year-to-date, with a 38 percent decline in the past month. Rob Cihra at Sterne Agee CRT initiated GoPro with a Buy rating and a $45 price target, a 50 percent upside from current price. Cihra said that while video on phones is...
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Options Trader: GoPro May Catch A Bid If Markets Hold
Wednesday, September 16, 2015 - 7:28am | 359Nic Chahine was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Shares of GoPro Inc (NASDAQ: GPRO) have declined 43 percent in the past month. Create Income With Options Spreads Author Nic Chahine said he just bought October 23...
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Ambarella's Stock Is Plunging And Taking GoPro With It
Wednesday, September 2, 2015 - 2:40pm | 716Shares of Ambarella Inc (NASDAQ: AMBA) plunged more than 12 percent Wednesday morning after the company's second-quarter print contained a weak third-quarter forecast for wearable-camera revenue. Investors and traders took Ambarella's poor guidance as a bullish sign for the wearable-camera segment...
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Options Strategist: GoPro Is Targeting $35 Per Share
Wednesday, September 2, 2015 - 8:36am | 344Nic Chahine was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Create Income With Options Spreads author Nic Chahine said that GoPro Inc (NASDAQ: GPRO), a stock that was at nearly $65 a month ago, is now targeting $35 to $37.50 after...
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Did Investors Expect Too Much From Ambarella's Q2 Results?
Tuesday, September 1, 2015 - 5:11pm | 575Ambarella Inc (NASDAQ: AMBA) posted positive Q2 FY 2016 results, but investors aren't buying. The stock closed down 6.3 percent Tuesday. Ambarella then reported a Q2 EPS of $0.88 versus the Street estimate of $0.81, and sales of $84.2 million versus $81.73 million. Shares initially dropped...
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Did Alibaba, Box And Fitbit Peak At Their IPOs?
Wednesday, August 12, 2015 - 6:57pm | 491Alibaba Group Holding Ltd (NYSE: BABA), Box Inc (NYSE: BOX) and Fitbit Inc (NYSE: FIT) attracted a world of attention before their IPOs, but investors have been leery ever since. "Previously, an IPO event would signal the growth phase of the company," Global Equities Research analyst Trip Chowdhry...
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GoPro's Quarter Is Good News For Ambarella, Canaccord Says
Wednesday, July 22, 2015 - 1:43pm | 232Following GoPro Inc (NASDAQ: GPRO) earnings on Tuesday, Canaccord Genuity's Matthew Ramsay raised estimates and its price target for Ambarella Inc (NASDAQ: AMBA). The firm reiterated its Buy rating and bumped up the price target by $2 to $122. With the near-20 percent gain in the stock over...
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GoPro Reported 'Very Good' Numbers; Should Investors Take Profits?
Wednesday, July 22, 2015 - 11:07am | 473GoPro Inc (NASDAQ: GPRO) reported strong results in the second quarter, announcing an EPS of $0.35 vs. $0.26. Sales came in at $420.0 million vs. the Street's estimate of $395.17 million. Global Equities Research analyst Trip Chowdhry said that while the numbers were "very good,"...
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Why TubeMogul May Be The Way To Play GoPro's Video Licensing Portal
Monday, July 20, 2015 - 4:46pm | 275GoPro Inc (NASDAQ: GPRO) shares closed up more than 7 percent after the company unveiled a premium content licensing portal, aimed at monetizing video produced by GoPro users. Aside from the company itself, another beneficiary from the news was TubeMogul Inc (NASDAQ: TUBE), which gained 4.4...