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News Breaks
July 15, 2014
07:00 EDTGPROGoPro initiated with an Outperform at JMP Securities
JMP Securities started shares of GoPro with an Outperform rating saying it views the brand as a "highly leveragable asset." It estimates the company is pursuing a greater than $70B total addressable market across cameras and wearables, channel advertising, and other accessory and multimedia content opportunities. The set a $60 price target for shares.
News For GPRO From The Last 14 Days
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March 27, 2015
06:01 EDTGPROGoPro implied volatility of 54 at lower end of index mean range
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March 26, 2015
12:34 EDTGPROGoPro climbs with analysts getting positive after sell-off
The shares of action camera maker GoPro (GPRO) are rising after research firm Robert W. Baird upgraded the stock to Outperform from Neutral in a note to investors earlier today. The company's penetration of the active sports market is still in the early innings, the firm contended. WHAT'S NEW: GoPro sold 5.2M cameras last year, but there are hundreds of millions of action sports enthusiasts around the world, while everyday use of the company's cameras is growing, Baird analyst William Power wrote. As a result, the company's market penetration is still in its early stages, the analyst contended. Although GoPro is likely to face growing competition, its strong brand and distribution should make it difficult for other companies to take share from the action camera maker, contended the analyst. Moreover, even excluding the potential positive impact of new products and media projects, the camera maker's revenue is poised to rise 23% this year and 20% next year, while its profit should climb 27% next year, Power forecast. At current levels, the stock's valuation is attractive, added the analyst, who kept a $57 price target on the shares. WHAT'S NOTABLE: Another analyst who is upbeat on GoPro's outlook is FBN Securities' Shebly Seyrafi. The stock has sold off despite the camera maker's "robust" growth rates, and, as of yesterday before the market opened, the shares had fallen 58% from their 52-week high of $98, Seyrafi stated in note to investors yesterday morning. The analyst believes that concerns related to entrance into the sports camera market by Chinese company Xiaomi are overblown. He strongly recommended buying shares of GoPro. ANOTHER TO WATCH: GoPro is a major customer of Ambarella (AMBA), which makes chips for video cameras. PRICE ACTION: In early afternoon trading, GoPro climbed 3.5% to $44, while Ambarella lost 1% to $68.75.
10:04 EDTGPROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alere (ALR) upgraded to Neutral from Sell at Goldman... Canadian National (CNI) upgraded to Outperform from Market Perform at Cowen... Charles Schwab (SCHW) upgraded to Overweight from Underweight at Barclays... Con-way (CNW) upgraded at Stifel... Dr Pepper Snapple (DPS) upgraded to Buy from Hold at Stifel... Francesca's (FRAN) upgraded to Neutral from Sell at Goldman... GoPro (GPRO) upgraded to Outperform from Neutral at RW Baird... PartnerRe (PRE) upgraded to Outperform from Market Perform at BMO Capital... Rice Energy (RICE) upgraded to Overweight from Equalweight at Capital One... Saia, Inc. (SAIA) upgraded at Stifel... Sibanye Gold (SBGL) upgraded to Outperformer from Sector Performer at CIBC.
05:43 EDTGPROGoPro upgraded to Outperform from Neutral at RW Baird
Baird assumed coverage on GoPro with an Outperform rating from a Neutral rating.
March 25, 2015
09:35 EDTGPROActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA KRFT FB BIDU GPRO V GILD NFLX
08:32 EDTGPROFBN 'strongly' recommends buying shares of GoPro
Shares of GoPro around $42 are "especially attractive," FBN Securities analyst Shebly Seyrafi tells investors this morning in a research note. The stock has sold off despite the camera maker's "robust" growth rates, and is now down 58% from its 52-week high of $98, Seyrafi says. The analyst thinks concerns related to Xiaomi's entry into the sports camera market with its Yi Action Camera are overblown. He "strongly" recommends purchase of GoPro and reiterates an Outperform rating on the stock with a $75 price target. The action camera maker closed yesterday at $41.83.
March 24, 2015
12:59 EDTGPROGoPro Channel launches on premium video service Vessel
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05:59 EDTGPROGoPro implied volatility of 50 at lower end of index mean range
March 23, 2015
13:41 EDTGPROGoPro moves sharply higher on low volume, levels to watch
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09:16 EDTGPROeBay adds two independent directors in preparation for PayPal separation
eBay (EBAY) announced the appointment of two new independent directors in anticipation of completing its previously announced separation of eBay and PayPal. Tony Bates, President of GoPro (GPRO), and Gail McGovern, President and CEO of the American Red Cross, have been appointed to eBay Inc.’s board of directors. eBay also announced that current directors William C. Ford and Richard T. Schlosberg, who have served for 10 years and 11 years, respectively, have advised the company that they do not plan to stand for re-election to the board at the 2015 Annual Meeting. With the appointment of Bates and McGovern, eBay's board currently is comprised of 17 directors, 15 of whom are independent. Following the company’s Annual Meeting, which will be held on May 1, eBay’s board will be comprised of 15 directors, 13 of whom will be independent. Additionally, eBay announced that Jonathan Christodoro has been elected to its board as part of the previously announced standstill agreement with Carl Icahn, the company’s largest active shareholder.
March 18, 2015
09:20 EDTGPROComplaints against police fell after body cameras added, Channel 10 says
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06:03 EDTGPROStocks with implied volatility below IV index mean; CYBR GRPO
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March 17, 2015
11:36 EDTGPROGoPro Channel app tops 1M downloads on Xbox platform
GoPro (GPRO) announced that The GoPro Channel app has been downloaded over 1M times on the Xbox video game and entertainment system from Microsoft (MSFT). Additionally, users are watching an average of 25 minutes of GoPro videos during each viewing session. The GoPro Channel allows Xbox members worldwide to stream GoPro content on-demand, share favorite videos, and purchase cameras and accessories directly through the console.
March 16, 2015
10:35 EDTGPROGoPro falls, levels to watch
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