The action camera maker will be releasing its very own and more casual spherical camera in 2016 along with a quadcopter.
At the Consumer Electronics Show, GoPro’s CEO Nick Woodman announced that he would be releasing a ‘more casual’ 360-degree spherical camera in the near future. This announcement came right after Nikon announced that it would be releasing a same type of camera.
In the Code Conference held last year, the camera manufacturer announced the release of two new products, which were spherical camera rigs; these were capable of working with virtual reality including 3D and 360-degree video shooting. Since the maker made it pretty clear these were expensive gadgets, they were mainly made for professional videographers. At the CES, the CEO and YouTube will be working on producing more such devices this year.
Additionally, Facebook is the only platform that supports 360-degree spherical videos so GoPro came handy in that aspect as well. The action camera maker released its Hero 4 line up in 2015, which is easily the best action camera in the market, but the company has plans of exploring more options in the new year.
At the Code Conference previous year, Nick Woodman had announced that the organization had plans of introducing a quadcopter, which turns out it will be releasing this year as well. A more realistic scenario would be if both the quadcopter and the 360-degree camera would be released together.
In other news, in the previous trading session, GoPro stock saw a decline of 7.66% and was called at a share price of $17.00 per share. The shares traded at the session were 10,101,326 shares. JP Morgan Chase & Co. has given a rating of ‘overweight’ to the action camera maker’s stock with a price target of $45.00. The 52-week high share price reported by the company was $65.49 and the one-year low was reported to be $15.90.
The earnings per share reported on October 28, 2015 for the quarter were $0.25 under-performing the estimates of stock analysts. The difference between the actual and calculated price was of 0.04, as the estimation was of $0.29. For the current fiscal year, the stock experts expect the company to post earnings of at least $1.17 per share. In revenue, it managed to generate $400.34 million in the same quarter; however, the analysts had predicted that it would be able to generate at least $435.33 million.
The President, Anthony John Bates sold 7,434 shares of GoPro at an average share price of $17.61 on December 7, 2015. The insider trading activity was worth $130,912.74. At present, he owns 19,963 shares of the camera manufacturer, according to the Securities and Exchange Commission.
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