GoPro, Inc. (GPRO)
GoPro, Inc. is a technology company known for its action cameras and accessories designed for capturing high-quality video and photography in extreme conditions. Founded in 2002, it has become a leading brand in the portable, durable camera market, popular among adventure enthusiasts, athletes, and content creators. The company also offers software and services for editing, sharing, and managing multimedia content.
Company News
The global body worn camera market is projected to grow from USD 8.2 Billion in 2024 to USD 28.2 Billion by 2034, driven by increasing demand for transparency, accountability, and technological innovations in law enforcement and security sectors.
GoPro launched an AI initiative allowing users to monetize their video content, which has driven stock gains, but the company continues to face financial challenges and competitive pressures in the camera market.
Steve Eisman, famous for predicting the 2008 financial crisis, criticized the recent 529% surge in Opendoor's stock price as potentially manipulative, warning retail investors about the risks of 'meme' stock speculation.
GoPro (GPRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
GoPro's declining sales and net losses have caused a significant drop in stock price, indicating weak demand for their hardware. Read more on GPRO stock here.