Buz Investors GPRO Stock Back on Top Following a ringing endorsement of its drone business from an analyst, GoPro Inc (NASDAQ:GPRO) is on the rise, with GPRO stock up almost eight percent as of late-morning trading on Tuesday.

GoPro Inc: Is $GPRO Stock Back on Top?

GoPro Inc: Is GPRO Stock Back on Top?

  • Buz Investors GPRO Stock Back on Top Following a ringing endorsement of its drone business from an analyst, GoPro Inc (NASDAQ:GPRO) is on the rise, with GPRO stock up almost eight percent as of late-morning trading on Tuesday.
  • Pacific Crest Securities analyst Brad Erickson raised estimates for GPRO stock’s drone shipments up to 150,000, which will result in a revenue contribution of $88.0 million for FY2017, according to his projections. (Source: “GoPro (GPRO) Drone Shipment Estimates Raised At Pacific Crest,” StreetInsider, January 24, 2017.)
  • Erickson couched the good news with the bad, saying that there will likely be losses and burned cash in 2017, but he believes that GoPro management could hedge against these negative outcomes by further reducing the company’s workforce.




GPRO Stock Back on Top

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GPRO Stock Back on Top Erickson couched the good news with the bad, saying that there will likely be losses and burned cash in 2017, but he believes that GoPro management could hedge against these negative outcomes by further reducing the company’s workforce. Here’s part of Erickson’s statement below that led to the recent surge in GPRO stock:

In light of better-than-feared sell-through, we are raising our unit estimates by a bit more than 10% to 2.1 million units in Q4 from 1.9 million and are raising our ASP estimate slightly as our store checks showed an impressive ability to pivot point-of-purchase displays to selling the Karma Grip ($300 electronic stabilizer) when it became clear the Karma would not be launched.

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GPRO Stock Back on Top

Further, we are removing Karma from our Q4 estimates and now expect volume shipments to begin in 2Q17.

Still, this is good news for a company in dire need of some. In 2016, GPRO stock fell by over 52%, which is a poor showing for a company that some investors are concerned has maxed out its consumer base. With the introduction of drones and other devices beyond GoPro’s staple of cameras, some were hopeful that the company would be able to stage a rally. While by no means a sure thing, Tuesday’s estimate increase and the subsequent stock jump are still welcome news for GPRO stock enthusiasts.

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Buz Investors GoPro Stock Bounce Back (NASDAQ:GPRO) had a pretty dismal 2016. The company shaved about 50% off Bits share value and at the beginning of 2017, that trend looks to be continuing. GoPro stock fell 3.5% by early afternoon trading on Friday. The question for

GoPro Inc: Can GoPro Stock Bounce Back?

GoPro Inc: Can GoPro Stock Bounce Back?

  • Buz Investors GoPro Stock Bounce Back  (NASDAQ:GPRO) had a pretty dismal 2016. The company shaved about 50% off Bits share value and at the beginning of 2017,
  • that trend looks to be continuing. GoPro stock fell 3.5% by early afternoon trading on Friday. The question for investors is: Can the tech gadget producer turn things around and put the share price on a better path?
  • GoPro stock was looking for some big moves in the 2016 holiday season to help free itself from the rut. These included a new drone offering and an updated model of its flagship tech, a small camera meant to capture moments of excitement, whether on the ski hills or underwater. They did not, however, prove enough to rescue GPRO stock.

GoPro Stock Bounce Back



 

 

GoPro stock was looking for some big moves in the 2016 holiday season to help free itself from the rut. These included a new drone offering and an updated model of its flagship tech, a small camera meant to capture moments of excitement, whether on the ski hills or underwater. They did not, however, prove enough to rescue GPRO stock.

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GoPro Stock Bounce Back

That beings said, forays into the drone market—expected to grow 50% this year to $1.2 billion in revenue according to the Consumer Technology Association—could help revitalize the flagging shares. However, the company’s “Karma” drone has failed to make waves at CES 2017, which does not bode well for the future of GoPro stock. (Source: “GoPro Inc (GPRO) Stock Looks for Fresh Start in 2017,InvestorPlace, January 5, 2017.)

That doesn’t mean that the company is dead in the water. Investors ought to be aware that GPRO stock will need some help this year if it wants to avoid the steep declines that have come to characterize the stock over the past two years.

 

In this episode of GoPro Motorsports Original Series DRIVEN, take an in-depth look into the life of Supercross and Motocross champion, James Stewart. Ride along with James who is considers the fastest man on two wheels, as he takes you through his journey of success and hardships thought out his moto career.

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GPRO Stock: GoPro Fighting an Uphill BattleGPRO Stock: GoPro Fighting an Uphill Battle

GPRO Stock: GoPro Fighting an Uphill Battle

GPRO Stock: GoPro Fighting an Uphill Battle

  • Buz Investors BULLISH on mountain Climbing GoPro Fighting an Uphill Battle When a company sells products that are not revolutionary and offer little barriers to entry, the risk of rival products generally will surface. GoPro Inc (NASDAQing:GPRO)
  • is one such company that debuted with spectacular fanfare but is now facing wrath from investors as they rush to liquidate GPRO stock on rising uncertainties.
  • GPRO stock has plummeted to less than half of its 52-week high, and it is struggling to reinvent itself in what is an extremely competitive landscape.

GoPro Fighting an Uphill Battle

GPRO Stock: GoPro Fighting an Uphill Battle

GoPro Fighting an Uphill Battle The problem with GPRO stock is that the company is essentially a one-product company with minimal barriers to entry. In economics, these types of businesses are high-risk.

As a consumer, you can easily find GoPro knockoffs for a small fraction of the price that GPRO cameras cost. There are also cheap copies of accessories for GoPro cameras, so there is essentially no place to hide.

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GoPro Fighting an Uphill Battle

Armed with about $225.0 million ($1.60 per share) in cash, the situation is precarious, as GoPro continues to lose money and is expected to do so for 2016 and 2017.

It will not be easy. GoPro is shutting down its entertainment unit, which at one time was expected to be a massive success and interest with its library of action videos.

And to heap onto the pile, GoPro is facing technical problems with its drone unit, which again was expected to generate massive interest and open up new revenue streams. While GoPro is staying with its drone business, the problem is the rising competition from much cheaper drone-makers, including the China-based DJI.




GoPro Inc: Could This Trigger Event Send GPRO Stock Surging?

GoPro Inc: Could This Trigger Event Send GPRO Stock Surging?

GoPro Inc: Could This Trigger Event Send GPRO Stock Surging?

  • Buz Investors GPRO Stock Surging  (NASDAQ:GPRO) got a lift Wednesday morning after the company announced cost-cutting measures in its efforts to refocus the firm. However,GoPro stock (GPRO) had dropped lower by the very next day.
  • What’s going on with the action-camera maker and GPRO stock?  The headline news was that GoPro will cut 200 jobs, many of them in the company’s entertainment division.
  • GPRO stock That section will be closed in the coming months. The company will also close all open positions and accept the resignation of President Tony Bates.

GPRO Stock Surging

GoPro Inc: Could This Trigger Event Send GPRO Stock Surging?

GPRO Stock Surging  GoPro expects these changes to cost it $24.0 million to $33.0 million in the short run. That being said, the cuts could save GoPro $735.0 million worth of operating costs during 2017. Not only would that help boost GoPro stock’s bottom line, but it would recenter GoPro’s erratic business strategy.

At one point, CEO Nick Woodman wanted GoPro to become a media platform that generated content and distributed it. But those ambitions have proven too distant from GoPro’s core product. (Source: “GoPro Will Cut 15% of Workforce Amid Restructuring,” Fortune, November 30, 2016.)

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GPRO Stock Surging

To be clear, this is distinct from the entertainment side of things. Woodman has given up hope that GoPro should be in the media game, but he still thinks there needs to be an ecosystem for GoPro-style content. Not having this ecosystem is what hurt GoPro stock (GPRO) in recent years.

Woodman clearly thinks that cutting 15% of his workforce can help redirect cash to the right places and ultimately send GoPro stock (GPRO) surging. Perhaps that is why he simultaneously released new data that showed strong demand for GoPro’s new “Hero5” camera.




GoPro Inc: Will GPRO Stock Continue to Fall?

GoPro Inc: Will GPRO Stock Continue to Fall?

GoPro Inc: Will GPRO Stock Continue to Fall?

  • Buz Investors GPRO Stock Continue to Fall (NASDAQ:GPRO) sees GPRO stock fall another 4.5% after already taking an 18% beating last week.

  • This decline continues the rough trend where the stock has plunged 40% since the start of 2016. The most recent drop was pushed by a dismal Q3
  • What accounts for GPRO stock’s woes? Well, a number of writers have chimed in on just why the wearable camera hasn’t been able to rebound from this string of poor results.

GPRO Stock Continue to Fall Are GoPro Inc and GPRO StockDone For

GoPro Inc: Will GPRO Stock Continue to Fall?

What accounts for GPRO stock’s woes? Well, a number of writers have chimed in on just why the wearable camera hasn’t been able to rebound from this string of poor results.

“It’s hard to believe people didn’t see these numbers coming. GoPro, which makes wearable cameras from $199 to $399, hasn’t advanced its core technologies meaningfully enough to compel

 

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consumers to upgrade from, say, a Hero 3 model to a 4K Ultra HD. But most of all, the action cam industry was built on a very shaky premise: that the general public does a lot of cool stuff worthy of capturing on video,” he wrote in his article.

“But the GoPro’s loose foundation goes past people not kayaking, mountain biking, skydiving, climbing, skiing, or surfing on a regular basis. Even when you get out there and do cool stuff, will it actually look cool on video?” he asked. (Source: “GoPro’s empire was built on one big fatal flaw,” Yahoo! Finance, November 4, 2016.)

 

GoPro Inc: It’s Crash and Burn for GPRO Stock

GoPro Inc: It’s Crash and Burn for GPRO Stock

GoPro Inc: It’s Crash and Burn for GPRO Stock

  • Buz Investors Crash and Burn for GPRO (NASDAQ:GPRO) announced its third-quarter results after the closing bell on Thursday, November 3, and it was a huge disappointment.
  • The company missed expectations on both the top and bottom lines. GPRO stock was already down seven percent in the last trading session and closed at $11.94.
  • GoPro posted a third-quarter loss of $0.60 a share on revenues of $240.5 million. The company had posted a profit of $0.25 a share last year on revenues of $400.0 million. The full-year guidance was also lowered as the company now expects $1.25 billion to $1.3 billion in revenue,

Crash and Burn for GPRO

GoPro Inc: It’s Crash and Burn for GPRO Stock

Crash and Burn for GPRO  GoPro posted a third-quarter loss of $0.60 a share on revenues of $240.5 million. The company had posted a profit of $0.25 a share last year on revenues of $400.0 million. The full-year guidance was also lowered as the company now expects $1.25 billion to $1.3 billion in revenue, as compared to the previous target of $1.35 billion to $1.5 billion. However, for 2017, the company expects double-digit year-over-year revenue growth. (Source: “GoPro Announces Third Quarter 2016 Results,” GoPro Inc, November 3, 2016.)
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Crash and Burn for GPRO

The company makes a major portion of its revenue in the fourth quarter, and the weak guidance is an indication that there are serious problems lurking beneath. The action camera company had launched its new “Hero 5” camera and “Karma” drone in September. The management has confirmed that its shipments were delayed during the quarter because of production issues. This does not generate confidence among investors and would hit GPRO stock hard.

GoPro’s production issues seem to have come at the worst time, as the GPRO stock is already down more than 50% of its 52-week high. There have been issues before, as well. Sales of the new camera were stopped on Amazon.com, Inc. (NASDAQ:AMZN) last month when GoPro negotiated the price with Amazon. Although the sales have been resumed now, the company still has some ground to cover.

GoPro Inc: Why GPRO Stock Taking Damage

GoPro Inc: Why GPRO Stock Taking Damage

GoPro Inc: Why GPRO Stock Taking Damage

  • Buz Investors GPRO Stock Taking Damage  (NASDAQ:GPRO) fell in after-hours trading by six percent, due to an expected third-quarter report of further sales decline.
  • GPRO stock has recorded three straight quarters of sales decline, and market forecasters don’t expect that to change tomorrow when GoPro releases its third-quarter report for this year.
  • This year has been a rough one for GPRO stock. Since the summer of 2015, GoPro has been on a steady downward trajectory and flatlined in 2016, with few noticeable jumps or falls, but at a much lower value than its peaks in 2014 and 2015. The peak value of GPRO stock in 2015,

GPRO Stock Taking Damage What’s Hurting

GoPro Inc: Why GPRO Stock Taking Damage

GPRO Stock Taking Damage This year has been a rough one for GPRO stock. Since the summer of 2015, GoPro has been on a steady downward trajectory and flatlined in 2016, with few noticeable jumps or falls, but at a much lower value than its peaks in 2014 and 2015. The peak value of GPRO stock in 2015, after its initial downward slide at the start of the year, was 63.06 compared to 17.15 in 2016. GoPro hasn’t gotten close to that number since.

 

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GPRO Stock Taking Damage

According to MarketWatch, analysts surveyed by FactSet expect GoPro to report losses of $0.35 a share, compared to the profit of $0.25 per share a year earlier. (Source: “GoPro earnings to offer first glimpse of Hero5 and Karma demand,” MarketWatch, November 2, 2016.)

Something else to take note of will be fourth-quarter projections; that is when GoPro’s new devices will officially be counted in its revenue projections. If the discounts offered on older models, the release of new gadgets, and the 2016 holiday season can combine for a strong projected showing from GPRO stock, then everyone’s favorite tool to turn dogs into directors just might see a boon at the end of 2016.

GoPro Inc: GPRO Stock Bulls NEED This Level to Hold

GoPro Inc: GPRO Stock Bulls NEED This Level to Hold

GoPro Inc: GPRO Stock Bulls NEED This Level to Hold

  • Buz Investors taking Hote  GPRO Stock Bulls I have written about GoPro Inc (NASDAQ:GPRO) stock on numerous occasions because the chart has become constructive.
  • I use charts as my window to the world. Some people might dismiss my style of investment valuation, and that is perfectly fine. I have had my share of naysayers, and if I listened to any of them
  • GPRO stock has come a long way since shares peak at $98.47 in October 2014. A bear market effectively ravaged the the share price. As is the case with most trends, they will persist for as long as time allows. Prices have tendencies to reach extremes

GPRO Stock Bulls Critical Support

GoPro Inc: GPRO Stock Bulls NEED This Level to Hold

GPRO Stock Bulls  GPRO stock has come a long way since shares peak at $98.47 in October 2014. A bear market effectively ravaged the the share price. As is the case with most trends, they will persist for as long as time allows. Prices have tendencies to reach extremes, in which price trends tend to overshoot most rational levels of valuation.

This pattern is constructive because, not only does it signal a reversal of trend, it also produces a potential price objective. The pattern above projects a potential price target of $19.00.

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In April 2016, GPRO stock generated a golden cross, which is a bullish signal that is produced when a faster 50-day moving average (highlighted in blue) crosses above a slower 200-day moving average (highlighted in red). This signal reaffirmed the bullish theme and is instrumental in creating a necessary tailwind to push the share price higher.

The uptrend line that developed is created by connecting the valleys of the price chart. An uptrend is defined by the price action as the trend moves higher. Higher peaks are confirmed by higher valleys. This trend can easily be identified as the price moves from the lower left to the upper right.

GoPro Stock: Here’s Why GoPro Inc Will Turn Around in 2017

GoPro Stock: Here’s Why GoPro Inc Will Turn Around in 2017

GoPro Stock: Here’s Why GoPro Inc Will Turn Around in 2017

  • Buz Investors GoPro Inc Will Turn Around Starting last May, GoPro Inc (NASDAQ:GPRO) has been on a slow but steady recovery. GoPro stock continues to hover at a much lower price than its rather hedonistic $100.00-per-share peak in 2014.
  • But the recent launch of the company’s new “Karma” drone camera may help GoPro stock take off again. The basic premise for investing in GoPro has not changed, despite the 2015-2016 crash.
  • GoPro has virtually created a sector, rapidly moving higher than its competitors for the rather simple reason that there simply wasn’t a contest in the beginning. Nobody could compete with GoPro when it introduced the first dedicated “action” camera, the GoPro “Hero 35mm” back in 2004. In 2014, GoPro stock soared after its initial public offering (IPO).

GoPro Inc Will Turn Around Ready to Fly Again

GoPro Stock: Here’s Why GoPro Inc Will Turn Around in 2017

GoPro Inc Will Turn Around GoPro shares are edging ever closer to hovering around the IPO—or pre-plummet—price levels of a few years ago. But, rather than focusing only on the share price, it’s worth remembering what makes GoPro unique, and why GPRO stock warrants consideration.

GPRO stock’s collapse is typical of companies that report profits below expectations. But that is not really GoPro’s case.

The company beat expectations in every quarter since the IPO in July 2014. It has missed expectations a few times, but to find a solution to this mystery, we must look to Ambarella Inc (NASDAQ:AMBA).

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Indeed, shares of Ambarella and GPRO have performed in reverse proportion to each other in 2016. Starting last February, AMBA shares picked up strong tailwinds, while GPRO dropped like a drone camera without power.

This is a testament to the company’s success. In other words, GoPro has virtually invented a free promotional system that allows videos to become viral. It can count on over four million subscribers. The channel is expanding, thanks to amateurs and experts who are developing video content. In turn, this encourages existing users to upgrade their equipment and other people to become brand-new GoPro customers.

Admittedly, GPRO stock may not suit all investors, given its recent volatility. But the past few months suggest that after the more hype-based shareholders were weeded out by the collapse between late 2015 and early 2016, the more serious connoisseur investors have stayed the course. Finally, GoPro is releasing the Karma drone to market on October 23, with a price of $800.00.