Tag Archives: gpro

GoPro demand strong as camera maker ramps for holidays

Demand for GoPro (GPRO) action cameras appears to be tracking ahead of guided expectations this quarter, and the company is building inventory for a big holiday shopping season, Pacific Crest Securities said Tuesday. Pacific Crest analyst Brad Erickson said his firm’s August sales channel checks in the U.S. were positive for GoPro. “Sell-through checks are encouraging,” Erickson said. “The quarter is still tracking toward some upside.” GoPro also

Picture This: Ambarella, GoPro Dive To 3-Month Lows

Amid the market’s broad sell-off, Ambarella (AMBA) and GoPro (GPRO) hit three-month lows in the stock market today. Ambarella has been getting a lot of heat from short-seller Citron Research, which says that the chipmaker’s valuation is “ridiculous.” The chipmaker’s shares gapped down 7.5% in heavy trade, marking a fourth straight day of losses. The stock is now down about 30% from its all-time high, reached on July 23. Citron published a report

GoPro, Ambarella Forecasts Soar As Drones Take Off

GoPro’s (GPRO) second-quarter per-share earnings shot up 250%, knocking out views, and analysts expect current-quarter results to fly as high as the action camera maker’s upcoming drones. Today’s Screen of the Day features Leaders With Rising Estimates, top-rated stocks with the greatest increase in earnings estimates revisions. Wall Street currently expects GoPro earnings to soar 167% in Q3. As the company’s products gain mainstream traction