GoPro Inc. (GPRO) Has Great Growth Opportunities According To Alex Guana

GoPro Inc. (NASDAQ:GPRO) reported a wider than expected quarterly loss in its first earnings release after going public. JMP Securities senior security analyst, Alex Guana, maintains the company’s vision is all, but great. In an interview on CNBC Guana reiterated that GoPro has taken over the camcorder market share in the country with a great potential of replicating the same on a global basis, to become a major media brand.

GoPro

“This is a company that has shown it has a tremendous vision it has been very disruptive in this space, it’s taken the top camera or camcorder market share in the country right now, and we think it can do that on a global basis and move on to become a major media brand,” Said Mr. Guana.

GoPro Inc. (NASDAQ:GPRO)’s net loss of $19.8 million was four times higher than $5.1 million that was reported a year earlier. Revenue on the other hand was up by 38.1% to $244.6 million, compared to a year ago levels of $177.1 million. The company’s CEO, Nicholas Woodman, maintains the results were strong, mostly driven by strong demand of Hero 3+ Black Edition as well as other accessory products.

Guana remains bullish on GoPro Inc. (NASDAQ:GPRO)’s achievements since its IPO such as reaching a billion views on GoPro branded content. The company also ranked the eleventh fastest growing brand on Instagram with 212,000 followers. GoPro is currently a media player, according to Mr. Guana although its value has not yet been determined.

With internet advertising offering a $50 billion advertising opportunity, Guana remains optimistic on GoPro Inc. (NASDAQ:GPRO) absorbing $1 billion in revenue this year especially on the front of advanced monetization. “I think it is already given that it is a media play, what that media value is, is yet to be determined. We think in; internet advertising  there is a $50 billion opportunity up for grabs this year, we think that the business  model as it exists today it can support a billion in revenue in terms of monetizing the content they are creating right now,” Said Mr. Guana.

GoPro Inc. (NASDAQ:GPRO) has only achieved its fair amount of success after selling 8.5 million cameras, which, according to the analyst, highlights its growth potential if further investments and sales were made in the space. A 5% market share on the global image market also highlights the growth that the company can attain with further investment. Coming into an industry that was on the decline according to the analyst has worked to the company’s advantage as it has been able to fend off competition from the likes of Sony Corp (ADR) (NYSE:SNE).

Sales for Wearable cameras and accessories were up by 31% during the quarter generating a total of $854 million. GoPro Inc. (NASDAQ:GPRO) continues to experience strong demand, especially on its $70 camera model that can be mounted on guns and fishing rods.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!