johnnyBuzNo, not "magically," but if they beat their conservative 4Q guidance then that will send the shares up. Current price is based on future guidance/expectations, so when you beat guidance/consensus, shares go up to reflect that.
..correct and quoting this so the kids get it. But even with conservative estimates, a beat may be tough given AMBA's neg commentary last week:
'The company attributed that lower forecast to "near-term headwinds in the wearable sports [camera] market." During the conference call, CFO George Laplante noted that GoPro still had "over a hundred days of inventory" at the end of September. That bearish forecast for the action camera market sent GoPro shares tumbling nearly 5% on Dec. 4. Ambarella shares held up slightly better with a 1.6% decline.' (source http://www.fool.com/investing/general/2015/12/08/what-do-ambarella-incs-third-quarter-earnings-mean.aspx
nutz.The referenced post has been removed.
Yep! AMBA has a more diversified business and may be the better play at $55. But I still like GPRO at $18 as a medium term (say ~2 year) investment.
So then at raymond james tech conference this week, GPRO management just confirmed that they are committed to releasing a quadracopter drone in the first half of 2016. Cool, right! They also again dropped the price of the Session to $199, which bounced up in the sales rankings. Look on Amazon for best sellers in Action sports cameras-- different kinds of gopros are now the top 4 sellers
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