GoPro IPO
#121
Because of stupid analysts...
Apple: FBR Sees ?Critical Juncture? to Consider Large Deals Such as GoPro, Tesla, Adobe - Tech Trader Daily - Barrons.com
Apple: FBR Sees ?Critical Juncture? to Consider Large Deals Such as GoPro, Tesla, Adobe - Tech Trader Daily - Barrons.com
Apple: FBR Sees ‘Critical Juncture’ to Consider Large Deals Such as GoPro, Tesla, Adobe
FBR & Co.’s Daniel Ives this morning reiterates an Outperform rating, and a $175 price target, arguing the company has come to a “critical juncture” in its development where it should consider making a large acquisition, perhaps buying GoPro (GPRO), Adobe Systems (ADBE), Box (BOX), or even Tesla (TSLA).
Writes Ives, “Apple and [CEO Tim Cook] are entering a critical juncture from a product, growth, and strategic perspective”:
With Apple’s push into enterprise selling, as evinced by its partnership with IBM (IBM), Ives thinks Box and Adobe are good enterprise tech targets for Apple.
“Box would give Apple an avenue into enterprise storage and enable it to expand its product tentacles (hardware/storage) into the enterprise cloud frontier.”
“Adobe would provide a nice pipeline into the enterprise,” he thinks, as “Adobe’s Document Cloud/ Marketing Cloud applications are helping enterprises grapple with the growth of digital marketing, proliferation of mobile devices in the enterprise, and IOT.”
FBR & Co.’s Daniel Ives this morning reiterates an Outperform rating, and a $175 price target, arguing the company has come to a “critical juncture” in its development where it should consider making a large acquisition, perhaps buying GoPro (GPRO), Adobe Systems (ADBE), Box (BOX), or even Tesla (TSLA).
Writes Ives, “Apple and [CEO Tim Cook] are entering a critical juncture from a product, growth, and strategic perspective”:
While Apple has built its golden consumer empire around its unrivaled iPhone franchise, we believe Cook’s crystal ball is now focused on building out new technology growth frontiers/product areas for the next decade. While 2016 will be the year of the highly anticipated iPhone 7 release (potentially major design changes in store), and with the 6s growth continuing to be the major debate around the Apple story near term, in this note we take a look at potential M&A ideas that Apple could consider over the coming year. Although we clearly can see Cupertino focusing on a number of skunkworks initiatives (e.g., Project Titan, virtual reality-Faceshift, etc.) in 2016 and not pursuing major M&A prospects, with $200 billion of cash in the coffer (and growing), we can finally envision Apple making a larger acquisition, as the conditions are ripe for Cook to make a move, in our opinion.
GoPro would “make sense,” he thinks:We believe an acquisition of GoPro would make sense for Apple ; action cameras are uniquely positioned at the intersection of Apple’s smartphone, wearables, and multimedia offerings. Additionally, GoPro’s new product cycles could open the door to areas where Apple’s competitors are investing heavily (e.g., drones, VR), and Cupertino has been playing catch-up. We also see strategic value in GoPro being integrated with Apple’s strong multimedia ecosystem (e.g., iTunes, Apple TV, etc.).
While Apple “will most likely slowly build out its auto R&D,” with the rumored “Project Titan,” writes Ives, “a Tesla deal would clearly accelerate this move.”With Apple’s push into enterprise selling, as evinced by its partnership with IBM (IBM), Ives thinks Box and Adobe are good enterprise tech targets for Apple.
“Box would give Apple an avenue into enterprise storage and enable it to expand its product tentacles (hardware/storage) into the enterprise cloud frontier.”
“Adobe would provide a nice pipeline into the enterprise,” he thinks, as “Adobe’s Document Cloud/ Marketing Cloud applications are helping enterprises grapple with the growth of digital marketing, proliferation of mobile devices in the enterprise, and IOT.”
#122
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Wtf....
#123
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-13%
#124
From yesterday. Interesting strategy.
http://video.cnbc.com/gallery/?video=3000465673
Summary:
Jan 35, 2017 call = $1.25
Buy 5 call spreads, risk $825 [($2.90 - $1.25) x 500] for possible $13,050 [($2.90 x 900%) x 500] gain?
http://video.cnbc.com/gallery/?video=3000465673
Summary:
Buy GPRO Jan 20, 2017 call and sell GPRO Jan 35, 2017 call.
If (a big "if") GPRO goes to $35 within next year, 900% gain.
Jan 25, 2017 call = $2.90If (a big "if") GPRO goes to $35 within next year, 900% gain.
Jan 35, 2017 call = $1.25
Buy 5 call spreads, risk $825 [($2.90 - $1.25) x 500] for possible $13,050 [($2.90 x 900%) x 500] gain?
#125
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wtf
#126
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wait Jan 35th???
#128
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I still don't get how options trading works
#130
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#131
Market down, but GPRO up?
$19.46 - Up $1.51 (8.47%)
If I had played this and wanted to cash out right now.... can sell Jan 2017 $25 call for $3.20 right now.
$3.20 - [($2.90 - $1.25)] = $1.55 x 500 = $775 profit
$19.46 - Up $1.51 (8.47%)
$3.20 - [($2.90 - $1.25)] = $1.55 x 500 = $775 profit
Last edited by AZuser; 12-18-2015 at 02:32 PM.
#132
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Wtf at this shit being up 3.22% today???
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7.88%???
#135
$15.26 - Down $0.93 (-5.74%)
Hit new all time low of $14.57
Hit new all time low of $14.57
#136
Damn.
$14.61 - Down $0.65 (-4.23%)
$14.61 - Down $0.65 (-4.23%)
#137
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#138
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Yup
#139
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Laying off 7% of workforce and light guidance
#140
So around 102 employees being let go.
Investor FAQs - GoPro
Investor FAQs - GoPro
How many employees does GoPro have?
As of September 30, 2015, GoPro had 1,460 employees
As of September 30, 2015, GoPro had 1,460 employees
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Don't forget that 0.2 employee! They count!
#142
Options suggesting a 15% move, up or down.
Q4 2015 analyst expectations
- EPS: $0.00 (EPS was $0.99 a year ago)
- Revenue: $496.1 million (revenue was $633.91 million a year ago)
GPRO guidance from October's Q3 conference call
- EPS: $0.35 - $0.45
Q4 2015 analyst expectations
- EPS: $0.00 (EPS was $0.99 a year ago)
- Revenue: $496.1 million (revenue was $633.91 million a year ago)
GPRO guidance from October's Q3 conference call
- EPS: $0.35 - $0.45
#143
After hours trading halted.
Reports EPS of -$0.08 vs $0.00 estimate. Revenue of $436.6 million vs $496.1 million estimate.
Reports EPS of -$0.08 vs $0.00 estimate. Revenue of $436.6 million vs $496.1 million estimate.
Last edited by AZuser; 02-03-2016 at 03:39 PM.
#144
After Hours : $8.95 - Down $1.76 (-16.43%)
Bad guidance and replacing CFO.
GoPro Halted, Plunges 20%: Q1 Rev View Misses by a Mile; Says Will Boost Software - Tech Trader Daily - Barrons.com
Bad guidance and replacing CFO.
GoPro Halted, Plunges 20%: Q1 Rev View Misses by a Mile; Says Will Boost Software - Tech Trader Daily - Barrons.com
GoPro sees revenue of $160 million to $180 million for the current quarter, and a gross profit margin of 35% to 37%. That is substantially below the $291 million the Street has been modeling.
For the full year, it sees revenue of $1.35 billion to $1.5 billion, well below consensus for $1.609 billion.
GoPro also said it named former Qualcomm executive Brian McGee its new chief financial officer, replacing Jack Lazar.
For the full year, it sees revenue of $1.35 billion to $1.5 billion, well below consensus for $1.609 billion.
GoPro also said it named former Qualcomm executive Brian McGee its new chief financial officer, replacing Jack Lazar.
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Wtf happened with this company. Sheeesh.
#146
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It has the same problem that it had on page 1, it's an overvalued camera company. They failed to monetize the content being produced by the cameras. Youtube and Facebook benefits more from GoPro cameras than GoPro does.
#147
Drifting
GPRO @ $9.78
Breaking below $10 is a huge problem. Institutions have problems buying such cheap stocks and generally won't. The one positive I see for the stock is its HIGH short percentage @ 44% (yahoo finance)- eventually shorts will need to cover. Unfortunately, covering might not happen until $5 or if another company simply buys it. I like the Price/Sales at .8 and 32% ROE- those are some strong numbers from a fundamental viewpoint.
Breaking below $10 is a huge problem. Institutions have problems buying such cheap stocks and generally won't. The one positive I see for the stock is its HIGH short percentage @ 44% (yahoo finance)- eventually shorts will need to cover. Unfortunately, covering might not happen until $5 or if another company simply buys it. I like the Price/Sales at .8 and 32% ROE- those are some strong numbers from a fundamental viewpoint.
#148
$13.48 - Up $1.80 (15.41%)
All because they reportedly hired an Apple designer? Didn't know GoPro had a design problem. I thought it was because their products are commoditized and aren't selling as much.
GoPro shares surge 13% on news of reported hire - MarketWatch
All because they reportedly hired an Apple designer? Didn't know GoPro had a design problem. I thought it was because their products are commoditized and aren't selling as much.
GoPro shares surge 13% on news of reported hire - MarketWatch
GoPro shares surge 13% on news of reported hire
Shares of GoPro surged 13% Wednesday after the company reportedly hired a designer from Apple Inc. The Information reported that the action-camera company had hired Danny Coster, who has worked for Apple on the company's iPhone and iPad. Shares of GoPro have gained 10.5% month-to-date, compared to the S&P 500's gain of 1%.
Shares of GoPro surged 13% Wednesday after the company reportedly hired a designer from Apple Inc. The Information reported that the action-camera company had hired Danny Coster, who has worked for Apple on the company's iPhone and iPad. Shares of GoPro have gained 10.5% month-to-date, compared to the S&P 500's gain of 1%.
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Honestly feel no need to upgrade my Hero4 silver, unless there's a good improvement in image quality and low light photography and/or video.
#150
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The next gen product will be thinner, made of aluminum, and have less battery life.
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#151
He's going to be V.P. of design. Will he be successful or will he be a Ron Johnson?
GoPro Names Apple Designer Daniel Coster to Design Team - WSJ
GoPro Names Apple Designer Daniel Coster to Design Team - WSJ
GoPro Names Apple Designer Daniel Coster to Design Team
Daniel Coster will start as vice president of design at April’s end
GoPro Inc. said it has poached a member of Apple’s design team, contributing to a rally in shares of the wearable-camera maker on Wednesday.
Daniel Coster, who is reportedly credited with contributing to the iPhone’s design and the iPad’s wireless keyboard among other products, will begin his new post as vice president of design at GoPro at month’s end.
Shares of GoPro, which have slumped 69% over the past 12 months, jumped 19% to $13.92 in afternoon trading. Shares of other struggling tech companies, such as Fitbit Inc., up 12%, and Yelp Inc., up 4.4%, rallied Wednesday.
The company said that in his role, Mr. Coster will have a hand in all aspects of design, from hardware to software to services.
GoPro described Mr. Coster as a “core member of Apple’s elite industrial design team for more than 20 years” and added that he “holds more than 500 design patents and several utility patents, and has been recognized by several international design organizations for his work.”
The hire was a shot in the arm for struggling GoPro, which in February posted weak fourth-quarter earnings, extending its rough ride of recent results. The company in January announced a 7% reduction of its workforce, and last year a 50% price cut to its newest camera.
Analysts say GoPro faces challenges because the action-camera market is becoming saturated and the company is struggling to find new sources of revenue.
Daniel Coster will start as vice president of design at April’s end
GoPro Inc. said it has poached a member of Apple’s design team, contributing to a rally in shares of the wearable-camera maker on Wednesday.
Daniel Coster, who is reportedly credited with contributing to the iPhone’s design and the iPad’s wireless keyboard among other products, will begin his new post as vice president of design at GoPro at month’s end.
Shares of GoPro, which have slumped 69% over the past 12 months, jumped 19% to $13.92 in afternoon trading. Shares of other struggling tech companies, such as Fitbit Inc., up 12%, and Yelp Inc., up 4.4%, rallied Wednesday.
The company said that in his role, Mr. Coster will have a hand in all aspects of design, from hardware to software to services.
GoPro described Mr. Coster as a “core member of Apple’s elite industrial design team for more than 20 years” and added that he “holds more than 500 design patents and several utility patents, and has been recognized by several international design organizations for his work.”
The hire was a shot in the arm for struggling GoPro, which in February posted weak fourth-quarter earnings, extending its rough ride of recent results. The company in January announced a 7% reduction of its workforce, and last year a 50% price cut to its newest camera.
Analysts say GoPro faces challenges because the action-camera market is becoming saturated and the company is struggling to find new sources of revenue.
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Earnings after close today
#153
Down 6% and they haven't even reported yet.
Options suggest a 15% move up or down. I'm thinking down.
Analyst expectations:
- loss of 59 cents per share. Had a profit of 24 cents per share a year ago
- revenue of $169 million. Revenue was $363 million a year ago
Those are HUGE year over year declines.
Options suggest a 15% move up or down. I'm thinking down.
Analyst expectations:
- loss of 59 cents per share. Had a profit of 24 cents per share a year ago
- revenue of $169 million. Revenue was $363 million a year ago
Those are HUGE year over year declines.
#154
F it. Picked up some May 20 $9.50 puts for a small gamble.
With my luck, this means GPRO is going to go up.
With my luck, this means GPRO is going to go up.
Last edited by AZuser; 05-05-2016 at 03:04 PM.
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#155
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impossible
#156
Down 6% and they haven't even reported yet.
Options suggest a 15% move up or down. I'm thinking down.
Analyst expectations:
- loss of 59 cents per share. Had a profit of 24 cents per share a year ago
- revenue of $169 million. Revenue was $363 million a year ago
Those are HUGE year over year declines.
Options suggest a 15% move up or down. I'm thinking down.
Analyst expectations:
- loss of 59 cents per share. Had a profit of 24 cents per share a year ago
- revenue of $169 million. Revenue was $363 million a year ago
Those are HUGE year over year declines.
After Hours : $11.70 - Up $0.99 (9.24%) 4:19PM EDT
Reports loss of 63 cents vs loss of 60 cents EST
Revenue of $183.5 million vs $169 million EST
Margins fell to 33% from 45% a year ago.
Giving back gains. Come on. Give it all back.
After Hours : $11.35 - Up $0.64 (5.98%) 4:21PM EDT
Keep going.
After Hours : $11.10 - Up $0.39 (3.64%) 4:22PM EDT
Last edited by AZuser; 05-05-2016 at 03:32 PM.
#157
Delaying Karma drone until holidays. Could help with holiday sales.
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They need their new camera shit now.
It's been almost 2 years since the hero 4 black/silver came out.
It's been almost 2 years since the hero 4 black/silver came out.
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#160