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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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July 21, 2015
17:18 EDTGPROGoPro says 'very pleased' with progress in China
GoPro president Tony Bates says will launch "simplified" user interface for GoPro products in China. Says also seeing "strong" results in U.S.
17:16 EDTGPROGoPro CEO says company 'exceptionally' positioned for virtual reality movement
GoPro CEO Nick Woodman says benefitting from trends in user generated content and social media, and continues to be "top" brand channel on YouTube, with subscribers up 40% y/y to 3.1M in Q2. Says also benefitting from trends in virtual reality, believes company is "exceptionally well-positioned" for VR movement. Says benefitting from trends in "quadcopters" -- also known as consumer drones -- and believes quadcopters will become "ultimate" accessory for GoPro cameras. GoPro executives are speaking on the company's Q2 earnings conference call.
16:38 EDTGPROGoPro reverses, down 3.29% in after-hours trading
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16:20 EDTGPROGoPro up roughly 1.6% after reporting quarterly results
16:12 EDTGPROGoPro says China now 'top ten' country for GoPro products
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16:09 EDTGPROGoPro says company products now sold in over 40,000 stores globally
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16:08 EDTGPROGoPro reports Q2 adjusted EPS 35c, consensus 26c
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15:02 EDTGPRONotable companies reporting after market close
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14:19 EDTGPROGoPro July weekly 60 straddle priced for 14% movement into Q2
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13:14 EDTGPROGoPro technical notes before earnings
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12:43 EDTGPROEarnings Watch: Analysts expect GoPro to beat expectations in Q2
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07:32 EDTGPROGoPro July weekly volatility elevated into Q2 and outlook
GoPro July weekly call option implied volatility is at 149, August is at 65, September is at 54 compared to its 52-week range of 39 to 98, suggesting large near term price movement into the expected release of Q2 results on July 21.
July 20, 2015
15:47 EDTGPROGoPro launches premium content licensing portal
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14:33 EDTGPROGoPro, Toyota partner to put camera mount in Tacoma, Wired says
GoPro (GPRO) and Toyota (TM) are partnering to place a a GoPro camera mount on the roofline of every new 2016 Toyota Tacoma, a first for a carmaker, says Wired. Toyota will not supply the camera, added Wired. Shares of GoPro are up 6.5% while Toyota is up fractionally. Reference Link
July 17, 2015
10:13 EDTGPROAmbarella to get boost from drone demand, analyst says
Ambarella (AMBA) should benefit from stronger than expected demand for drones, which are "literally flying off the shelves" at Best Buy (BBY), research firm Pacific Crest wrote in a note to investors today. Ambarella develops processors used in high definition cameras, such as those often utilized by drones. WHAT'S NEW: After conducting checks, Pacific Crest analyst Brad Erickson wrote that sales of drones have been stronger than expected. Ambarella should benefit from that trend, as well as from the fact that demand for GoPro (GPRO) cameras, which utilize Ambarella's chips, has been steady, Erickson stated. Although initial demand for GoPro's new Session camera "appears lukewarm," its newer cameras should drive a significant increase in sales volume starting in GoPro's October quarter, according to Erickson, who said the popularity of GoPro's cameras should enable Ambarella's results to beat Street expectations. The analyst continues to recommend buying Ambarella's stock and kept a $123 price target on the shares. WHAT'S NOTABLE: In a note to investors yesterday, Piper Jaffray analyst Erinn Murphy wrote that GoPro's risk/reward ratio was favorable heading into the company's Q2 results. According to Murphy, the stock fell recently because money rotated out of the shares following the initial public offering of Fitbit (FIT) and Goldman Sachs' initiation of coverage of the stock with a Neutral rating. However, Amazon (AMZN) data shows that GoPro's cameras are selling well and Ambarella's Q2 results beat expectations, Murphy noted. As a result, she expects GoPro's Q2 results to exceed expectations when they are reported next week. Murphy reiterated a $68 price target and Overweight rating on GoPro shares. PRICE ACTION: In early trading, Ambarella rose 1.3% to $109.59, while GoPro added 0.5% to $55.53.
09:29 EDTGPROGoPro has upside to Q2 and Q3 volume estimates, says Cleveland Research
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07:09 EDTGPROAmbarella benefiting from strong drone demand, says Pacific Crest
After conducting checks, Pacific Crest says that Ambarella is benefiting from strong demand for drones and steady demand for GoPro's (GPRO) cameras. The firm thinks the stock could reach $123 if demand for action cameras in China accelerates. It keeps a $123 price target and Overweight rating on the shares.
July 16, 2015
18:26 EDTGPROXiaomi VP says 'absolutely' coming to U.S., Bloomberg TV says
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13:13 EDTGPROGoPro July weekly volatility elevated into Q2 and outlook
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06:59 EDTGPROPiper positive on GoPro into results, explains recent selloff
Piper Jaffray analyst Erinn Murphy views the risk/reward for shares of GoPro (GPRO) as favorable into the company's Q2 results. Murphy attributes the recent pullback in GoPro to money rotation out of the name following the initial public offering of Fitbit (FIT) as well as Goldman Sachs rolling out coverage with a Neutral rating on July 6. The analyst expects the action camera maker to beat expectations and raise guidance when reporting quarterly results next week. She keeps an Overweight rating on the name with a $68 price target. Shares of GoPro closed yesterday down 47c to $54.50.
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