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GoPro Inc (GPRO) Was Excellent: Charlie Anderson

We’re little past midday by EDT and GoPro Inc (NASDAQ:GPRO) is already more than14.5% up, near the spot of $78.3. The value was even higher when the market opened, which means that the financial disclosures worked well for the company. CNBC’s special guest was also highly pleased with how GoPro Inc (NASDAQ:GPRO)’s business is run.


“They were excellent. They’re up 8% in the quarter above where we expected then 12% in fourth quarter. I think, the big surprise, more than just the volume – the number of cameras they’re selling, is the fact that they’re selling more of the high end cameras,” told Charlie Anderson, Dougherty & Company analyst.

In the document offered for shareholders we can see that GoPro Inc (NASDAQ:GPRO) made a boom and triple digit growth values have been thrown like shrapnel everywhere. With a value for earnings before interest, taxes, depreciation, and amortization of $36.2 million it showed some 320% growth year over year. Obviously, such astronomical values are only possible on relatively small revenue amounts. Nevertheless, it’s no wonder that investors went berserk today.  GoPro Inc (NASDAQ:GPRO) is also very inclined to make impressions with its almost 100% growth in views on YouTube. Many even speculate on the fact that the company will try to become a media firm.

“I think it’s still a theory at this point. Certainly, they have a large viewership on their YouTube channel. They’re actually starting to produce more stuff originally, so you see a lot of things on their YouTube channel that are 2-3 minutes. Now they’re producing stuff that’s 12 minutes long,” expressed Charlie Anderson.

So, as we approach holiday season and everybody will be heading far away from their offices, houses, cities, and so on, GoPro Inc (NASDAQ:GPRO) is expected to pile up revenues from its devices like crazy. There’s currently little information that could deem the last assertion as unlikely, but if not in the near term, then in the long run some obstacles might rise ahead of the upswing.

Disclosure: none
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