GoPro's total workforce was around 1552 as of December 2016, with this latest round of cuts being the United States company's third workforce reduction since the start of the same year. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.80 on scale of 1-5.
01/06/2017 - GoPro Inc was downgraded to "underperform" by analysts at Longbow Research. For the quarter, shares are performing at -16.57%. The monthly stock performance comes in at -18.78%.
GoPro shares jumped by as much as 12% in after-hours trading following the news. On average, equities analysts expect that GoPro Inc will post ($0.72) earnings per share for the current year. The median estimate represents a +8.98% increase from the last price of 7.57.
"Today we are updating revenue guidance for the first quarter of 2017", the statement said.
Since then GoPro has steadied the ship somewhat to the extent that revenues for 2017 have thus far come in at the top end of estimates, although it seems this was not enough to save the 270 staff.
Morgan Stanley raised its price target to $7.50 from $7.
The Stock now has the market capitalization of $1.03 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 3.49% and monthly volatility of 3.50% respectively.
While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 50 percent.
GoPro, Inc. Gross Margin percentage stands at 39% while its Operating Margin for trailing twelve month is -31.5 percent and Profit margin (ttm) is -35.3 Percent.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. In addition, Ritholtz Wealth Management's Josh Brown called it "one of the most beaten-up stocks of the last year" on CNBC's "Halftime Report" last month. However, the layoffs of the firm in November were more severe than ever.
"While the company maintains that its hardware and software product development roadmap is intact and that execution will not be impaired, we think the accelerating pace of cost cuts could elevate the risk profile around both", wrote Goldman Sachs analyst Simona Jankowski in a note to clients. Other firms include Citigroup giving Sell rating on 3-Mar-17.