GPRO NASDAQ GRPO GoPro Inc Stock Ticker Business Financial News

(NASDAQ:GPRO) GoPro Stock News and its Extreme Business Model (Video)

Wall Street. (NASDAQ:GPRO) Gopro has been the darling of Wall-Street investors this week. But shares of GoPro Inc closed at $31.33, up more than 30% from their IPO price of $24. Thursday was the first day of trading for the maker of HD high-action cameras. Now, GoPro’s stock ticker symbol is hotter than its wearable action cameras. After its IPO at $24 a share the stock shot up to $31.34. With about 123.1 million shares outstanding, this gives the company a valuation of $3.86 billion. GoPro CEO Nicholas Woodman has successfully pulled off alchemy by selling a gadget company stock as a media company to the investors. The alchemy is now worth about $3 billion out of the $3.86 billion valuation of the company.

GoPro Inc’s IPO was priced at the high end of GoPro’s expected range and raised $427 million, valuing the whole company at about $3 billion.

GoPro videos have received 500 million views on YouTube, and part of the company’s strategy is to build a media platform and start collecting ad revenue. GoPro wants to go beyond cameras. From technology to media, a new business model is born for GoPro Inc.

Extreme Business Model GoPro

Looking at the NASDAQ:GPRO fundamentals, it has a number of positives. It’s making money, and we have seen plenty of tech companies going public that have yet to turn a profit. It’s also built an exciting brand with strong growth (+87% in 2013) and close to $1 billion in revenue, despite some competition.

With headquarters in San Mateo, California, GPRO was founded in 2004 by GoPro’s CEO and Chairman Nicholas Woodman. Its first product was a waterproof camera that used film. In 2006, it launched its first digital camera. Three years later it began selling a high-definition camera.

There is a real risk factor and pressure on revenue that GoPro faces, as management acknoledges: “We operate in a highly competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, which could result in a loss of our market share and a decrease in our revenue and profitability.”

Continue reading “(NASDAQ:GPRO) GoPro Stock News and its Extreme Business Model (Video)”

Ramadan 2014 USA Schedule Calendar

Ramadan 2014 USA : Schedule, Rules and Calendar

Ramadan 2014 and the Muslim holy month starts on Saturday June 28 2014. Throughout the Ramadan 2014 Calendar, Muslim Americans gather in mosques and homes in the USA. Here are the details of the 2014 Ramadan in the United States, with rules, schedules and calendar to perform congregational night prayers. The 1.2 billion Muslims in the world worldwide have received Ramadan greetings from the President … Continue reading Ramadan 2014 USA : Schedule, Rules and Calendar

Hot Movers: National Bank of Greece (NYSE:NBG), Chesapeake Energy (NYSE:CHK), Petroleo Brasileiro Petrobras (NYSE:PBR), ConocoPhillips (NYSE:COP), BP (NYSE:BP)

National Bank of Greece (ADR) (NYSE:NBG) is reviewing second-round bids for its London-headquartered private equity business and hopes to sell it “imminently,” the bank’s deputy chief executive Petros Christodoulou told Reuters.  National Bank of Greece (ADR) (NYSE:NBG) stock performance was 1.91% in last session and finished the day at $3.73. Traded volume was 2.96million shares in the last session and the average volume of the … Continue reading Hot Movers: National Bank of Greece (NYSE:NBG), Chesapeake Energy (NYSE:CHK), Petroleo Brasileiro Petrobras (NYSE:PBR), ConocoPhillips (NYSE:COP), BP (NYSE:BP)

Volatile Stocks: Command Security (NYSEMKT:MOC), Synthesis Energy Systems (NASDAQ:SYMX), Ku6 Media (NASDAQ:KUTV), Rosetta Genomics (NASDAQ:ROSG), UniPixel (NASDAQ:UNXL)

Command Security Corporation (NYSEMKT:MOC) unveiled in its quarterly report on 16 June 2014 that as of March 31, 2014 and 2013, company had $10.0 million and $6.5 million, respectively, in LIBOR loans outstanding. At March 31, 2014 no revolving loans were outstanding and at March 31, 2013 company had $1,480,555 of revolving loans outstanding. At March 31, 2014 and March 31, 2013, company had $199,223 … Continue reading Volatile Stocks: Command Security (NYSEMKT:MOC), Synthesis Energy Systems (NASDAQ:SYMX), Ku6 Media (NASDAQ:KUTV), Rosetta Genomics (NASDAQ:ROSG), UniPixel (NASDAQ:UNXL)

New Lows: FreeSeas Inc (NASDAQ:FREE), Bed Bath & Beyond (NASDAQ:BBBY), Signal Genetics (NASDAQ:SGNL), Full House Resorts (NASDAQ:FLL), Gordmans Stores (NASDAQ:GMAN)

FreeSeas Inc (NASDAQ:FREE) on June 2 announced that on May 30, 2014, it paid $22.6 million in full settlement of $37.6 million of debt owed to Credit Suisse using funds from the $25 million proceeds of the Company’s sale of the Series D Convertible Preferred Stock and Series C Warrants concluded on May 28, 2014. FreeSeas Inc (NASDAQ:FREE) stock performance was -12.12% in last session … Continue reading New Lows: FreeSeas Inc (NASDAQ:FREE), Bed Bath & Beyond (NASDAQ:BBBY), Signal Genetics (NASDAQ:SGNL), Full House Resorts (NASDAQ:FLL), Gordmans Stores (NASDAQ:GMAN)

Bullish Stocks: OHR Pharmaceutical (NASDAQ:OHRP), Glu Mobile (NASDAQ:GLUU), Royale Energy (NASDAQ:ROYL), Organovo Holdings (NYSEMKT:ONVO), Methode Electronics (NYSE:MEI)

OHR Pharmaceutical Inc (NASDAQ:OHRP) soared today after Vista Partners updated its coverage for the pharmaceuticals company. Vista Partners has increased its twelve-month target price for OHR Pharmaceutical stock from $14 to $31. OHR Pharmaceutical Inc (NASDAQ:OHRP) stock performance was 35.43% in last session and finished the day at $9.90. Traded volume was 5.84million shares in the last session and the average volume of the stock … Continue reading Bullish Stocks: OHR Pharmaceutical (NASDAQ:OHRP), Glu Mobile (NASDAQ:GLUU), Royale Energy (NASDAQ:ROYL), Organovo Holdings (NYSEMKT:ONVO), Methode Electronics (NYSE:MEI)