Tag Archives: gpro

Ambarella Slugged Amid Weak Christmas GoPro Sales

Santa’s sleigh is light on GoPro (GPRO) action cameras this year, a Pacific Crest analyst noted Monday as he slashed his price target on camera chipmaker Ambarella (AMBA), a week ahead of the company’s scheduled Q3 earnings report. In midday trading in the stock market today, Ambarella stock was down close to 4%, near 56, while GoPro stock was down 5%, near 19.40, after earlier touching a record low of 19.14. GoPro stock is down 24% since its Oct.

GoPro hits new low on holiday sales concerns

GoPro (GPRO) stock was kneecapped Wednesday by a negative report from Piper Jaffray analyst Erinn Murphy. Murphy cut her price target on GoPro to 15 from 20 and rates the stock as underweight. GoPro shares were down 7% to just above 19 in afternoon trading on the stock market today. GoPro went public at 24 in June 2014. “We are incrementally cautious on GoPro as we go deeper into the holiday season,” Murphy said. She noted price cuts for GoPro

Apple, GoPro, FitBit Chip Suppliers Enter IoT Melee

Apple (AAPL) chip suppliers Skyworks Solutions (SWKS), Cirrus Logic (CRUS), Qualcomm (QCOM) and InvenSense (INVN) are making early inroads into the nascent Internet of Things, whose development is forecast to yield economic impact in the trillions of dollars by 2025. But it’s early days yet — even an Ambarella (AMBA)-powered GoPro (GPRO) couldn’t fly high enough in 2015 to spot the ultimate IoT-age winner. ‘Move The Needle’ The market is forecast