![]() ![]() Year to date, GoPro's share price has declined by more than 50% - which, in my view, is not at all in keeping with the company's sturdy execution to date. This action-camera maker has benefited from stabilizing demand this year amid a normalization in travel trends, while long-term moves toward a bigger subscription base help to tilt the company's margin story upward. ![]() I'd encourage investors to take a hard second look at GoPro (GPRO) in particular. Right now, every investor wants the "sure thing." In a period of remarkable volatility, appetite to invest in small and mid-cap stocks is understandably very low - but at the same time, this is also the segment of the market where business fundamentals and stock price movements this year are the most misaligned. Meanwhile, subscriber trends also continue to be positive and drive recurring revenue as well as margin upside. The company notes sell-through still came in above expectations.ĭiminished channel weeks of stock will be a one-time hit to revenue, and may reverse into a benefit if partners decide to increase inventories. In Q2, GoPro's revenue decelerated, but mainly due to a reduction in channel inventory. ![]() Shares of GoPro have skidded more than 50% this year in a near-unbroken decline. GoPro: Strong Fundamentals Are Still In Tow ![]()
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