New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 31, 2014
16:18 EDTGPROGoPro reports Q2 EPS 8c, consensus 6c
Reports Q2 revenue $244.6M, consensus $237.73M. The company said, "We are seeing a tremendous volume of quality content generated by our users and a 200% year over year increase in video views on YouTube, which is fueling our virtuous cycle whereby viewership of GoPro content drives sales. Our second quarter performance demonstrates our users' continued passion for GoPro's products, content and brand,"
News For GPRO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 28, 2015
16:03 EDTGPROOptions Update; May 28, 2015
Subscribe for More Information
14:54 EDTGPROGoogle teams up with GoPro on virtual reality camera, video, Re/code says
Google (GOOG) product management VP Clay Bavor announced that YouTube will host 3D videos filmed with GoPro's (GPRO) 360-degree camera known as "Array," reports Re/code, citing statements made at the I/O conference Thursday. The GoPro-built device uses Google rendering technology and is part of Google's new virtual reality platform known as Jump. Re/code notes that the device will be sent to popular YouTube content creators beginning in July, and video captured with the device can be viewed with Google's "Cardboard" virtual-reality headset, which is priced near $20. Reference Link
10:55 EDTGPROGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:45 EDTGPROStifel raises 2016 estimates for GoPro after drone plans confirmed
After GoPro's CEO confirmed plans for a six camera virtual reality setup to launch in 2015 and the company's intent to enter the drone market in 2016, Stifel said its expects minimal impact to 2015 and 2016 financials from the "niche" VR product but sees an annual incremental revenue opportunity of $150M-$200M in 2016 if the drone product launches in the first quarter of next year. The firm raised its 2016 estimates to account for the drone, but maintains its Hold rating on GoPro, given the stock's valuation.
10:27 EDTGPROGoPro can expand addressable market with drone, VR plans, says Piper Jaffray
Subscribe for More Information
09:40 EDTGPROGoPro trades higher, levels to watch
Shares were last at $57.44, up over 7.9% on the day. At current price resistance is at $58.80. Support is at $55.91.
09:34 EDTGPROActive equity options trading on open
Subscribe for More Information
07:19 EDTGPROCowen to hold a conference
43rd Annual Technology, Media & Telecom Conference is being held in New York on May 27-28 with webcasted company presentations to begin on May 28 at 8 am; not all company presentations may be webcasted. Webcast Link
05:57 EDTGPROGoPro CEO says media business 'a lot like Disney,' Re/code reports
Subscribe for More Information
May 27, 2015
08:30 EDTGPROAmbarella price target raised to $96 from $78 at Pacific Crest
Subscribe for More Information
May 26, 2015
11:16 EDTGPROStocks with call strike movement; FEYE GPRO
Subscribe for More Information
May 19, 2015
07:43 EDTGPROJPMorgan to hold a conference
Subscribe for More Information
May 18, 2015
10:30 EDTGPROGoPro should perform in near-term, but challenged longer-term, says Oppenheimer
Subscribe for More Information
10:01 EDTGPROOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: A10 Networks (ATEN) upgraded to Overweight from Sector Weight at Pacific Crest... Cal-Maine Foods (CALM) upgraded to Overweight from Equal Weight at Stephens... ChemoCentryx (CCXI) upgraded to Overweight from Neutral at JPMorgan... Cheniere Energy Partners LP (CQP) upgraded to Buy from Neutral at Goldman... Chicago Bridge & Iron (CBI) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Goldman... Ctrip.com (CTRP) upgraded to Overweight from Neutral at JPMorgan... Emerge Energy (EMES) upgraded to Buy from Neutral at Goldman... FEMSA (FMX) upgraded to Overweight from Equal Weight at Morgan Stanley... GoPro (GPRO) upgraded to Perform from Underperform at Oppenheimer... Holly Energy (HEP) upgraded to Buy from Neutral at Goldman... JP Energy (JPEP) upgraded on better visibility on volumes at RBC Capital... Laredo Petroleum (LPI) upgraded to Neutral from Sell at Goldman... Malvern Bancorp (MLVF) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Goldman... Norsk Hydro (NHYDY) upgraded to Overweight from Neutral at JPMorgan... Owens-Illinois (OI) upgraded to Neutral from Underperform at BofA/Merrill... Penn National (PENN) upgraded to Buy from Neutral at Goldman... Roche (RHHBY) upgraded to Buy from Neutral at UBS... Schnitzer Steel (SCHN) upgraded on stabilizing headwinds at KeyBanc... Seventy Seven Energy (SSE) upgraded to Buy from Hold at Jefferies... Toll Brothers (TOL) upgraded to Neutral from Underperform at Sterne Agee CRT... United Therapeutics (UTHR) upgraded to Buy from Neutral at BTIG... Volvo (VOLVY) upgraded to Neutral from Underweight at JPMorgan... Zayo Group (ZAYO) upgraded to Buy from Neutral at Goldman.
07:54 EDTGPROOppenheimer ups GoPro to Perform, but says long-term negative bias intact
Oppenheimer analyst Andrew Uerkwitz upgraded GoPro to Perform from Underperform, saying that the company has no notable near-term headwinds and that deeper penetration in Europe and its entrance in East Asia should help it deliver growth this year. However, Uerkwitz added that his long-term negative bias on the stock is "intact and stronger than ever," due to his belief that GoPro's market opportunity remains limited and the replacement cycle for its action cameras will be long.
07:43 EDTGPROGoPro upgraded to Perform from Underperform at Oppenheimer

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use