|Bid||6.41 x 3100|
|Ask||6.42 x 1100|
|Day's range||6.25 - 6.45|
|52-week range||4.42 - 11.89|
|PE ratio (TTM)||N/A|
|Earnings date||2 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.54|
Among the companies with shares expected to trade actively in Thursday's session are CA Technologies, Broadcom, 21st Century Fox, Delta Air Lines and L Brands.
Sonos' initial public offering document says Amazon may disable its Alexa voice recognition technology in the company's speakers on "limited notice."
GoPro (GPRO) stock rose 15% in June to close at $6.44. The stock is currently trading at $6.49, which is 47% above its 52-week low of $4.42 and 45% below its 52-week high of $11.89. GoPro has generated returns of -14% so far in 2018 after falling 13% in 2017. In the trailing 12 months, GoPro stock has risen 22%.
At the start of 2017, listener Arlo added 2016’s worst-performing Rule Breaker stocks to his portfolio. Here's what happened next.
GoPro (GPRO) has tapped a Facebook (FB) executive for a seat on its board of directors, in a move that suggests GoPro is keen to draw on the Facebook executive’s vast media and marketing experience. Ty Ahmad-Taylor, who currently works as vice president of product marketing at Facebook, joined GoPro’s board on June 18. At Facebook, Ahmad-Taylor oversees product strategy, go-to-market plans, and financial analysis.
GoPro (GPRO) stock fell ~4.4% yesterday. The stock has returned -3.6% over the last two trading sessions, -0.3% in the last five days, 16.6% in the last month, and -17% over the last 12 months. In fiscal 2017, 28.4% of GoPro’s sales were from Europe, the Middle East, and Africa, 8.2% were from the Asia-Pacific region, 6.8% were from Hong Kong, 6.5% were from China (FXI), and 5.4% were from the Americas (excluding the United States).
GoPro (GPRO) stock has returned -15% in the last 12 months, 22.5% in the last month, and 3.1% in the last five days. It fell 50% in 2016 and over 13% in 2017. Since the start of 2018, GoPro stock has fallen ~12.3%.
GoPro stock reached an all-time high of $98.47 in October 2014, which means it’s seen a significant fall of 93% over the last three and a half years. This fall in its share price has been the result of a decline in its revenue.
GoPro’s (GPRO) revenue fell 7.5% YoY (year-over-year) in the first quarter to $202.3 million. GoPro managed to reduce its operating expenses by 28.5% to offset its declining sales, but it still reported an operating loss of $44.5 million in the first quarter. GoPro’s net income was -$47.4 million in the first quarter, and it saw non-GAAP (generally accepted accounting principles) EPS of -$0.34.
GoPro (GPRO) has a multichannel marketing strategy across social media platforms, including Facebook and Instagram (FB), YouTube (GOOG), Twitter (TWTR), and others. GoPro also targets print ads and showcases products in global tradeshows, such as the Consumer Electronics Show and Outdoor Retailer.
As the world continues to become more social, GoPro (GPRO) is looking at a significant opportunity to build its core camera application and cloud business. People are now constantly sharing updates and travel adventures among friends and on social media platforms such as Facebook (FB), Instagram, YouTube (GOOG) (GOOGL), and Twitter (TWTR). GoPro’s action cameras help people to capture and record their experiences on the go.
According to Statista estimates, unit sales of action cameras were 8.4 million in 2015 and 10.5 million in 2016. As per industry estimates, the action camera market is expected to grow at a compound annual growth rate of 15% between 2017 and 2023, indicating unit sales of over 12 million in 2017. GoPro (GPRO) shipped 4.8 million units in 2016, indicating a share of over 45%.
One of GoPro’s (GPRO) top priorities for 2018 is to launch products at different price points to improve its device sales and return to revenue growth. In 2017, GoPro only had one HERO camera. GoPro has also reduced the prices of its older cameras by $100.
According to GoPro (GPRO), in the first quarter, it saw sell-through grow more than sell-in, and it expects this trend to continue in the second quarter and throughout 2018. This development indicates an increase in demand for GoPro devices. GoPro has historically had a weak first quarter due to excess channel inventory, an issue the company has now corrected.
In the first quarter, GoPro’s (GPRO) portfolio of products was spread across a variety of price points. GoPro’s HERO Camera is available for $199, while the HERO5 Black and the HERO 6 Black are available for $299 and $399, respectively. GoPro’s 360-degree Fusion camera is available for purchase at $699.