New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 24, 2014
09:46 EDTBBRYRumor: BlackBerry moves up on renewed takeover chatter
News For BBRY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 13, 2015
11:27 EDTBBRYJPMorgan to eliminate support for BlackBerry devices, WSJ says
In a cost savings move, JPMorgan (JPM) is looking to eliminate support for BlackBerry (BBRY) wireless devices next year and may require some employees pay for their own devices, BlackBerry or otherwise, says the Wall Street Journal. Reference Link
October 12, 2015
06:48 EDTBBRYBlackBerry CEO intends to sell 5M smartphones a year, Verge reports
Subscribe for More Information
October 8, 2015
10:53 EDTBBRYRBC Capital to hold a tour
Subscribe for More Information
October 7, 2015
11:33 EDTBBRYGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use