A well-respected analyst firm suggested a pair trade to cash in on GoPro's skyrocketing rebound and buy into Sonos at an attractive valuation.
News & Analysis: GoPro
The action camera market will always be a small one, but the company has been right-sized while it was making key changes.
The camera company's big gains last month followed a 34.4% share-price increase in April.
The camera company is making moves to reduce expenses, but the business is facing big challenges.
GPRO earnings call for the period ending March 31, 2020.
By cutting costs and shifting to direct sales, the company is pursuing profitability. But what about the top line?
The action camera maker might survive the pandemic -- but its business still faces brutal and unpredictable headwinds.
Investors are questioning whether GoPro can survive long-term.
With travel all but shut down, GoPro's action camera business is likely to suffer.
Consumers have to stay home, taking away the primary use case for action cameras.