Investors Are Missing the Boat on GoPro
When GoPro (NASDAQ: GPRO) announced solid core growth and an adjusted profit in the second quarter of 2019, investors reacted as if the business has never been in worse shape. The stock is trading near an all-time low and shareholders don't seem to be impressed at all with management raising its full-year outlook.
There are a number of reasons GoPro's stock dropped, but the biggest two were second-quarter results falling short of expectations and uncertainty around new products. Management is bullish that the back half of the year will be big -- and maybe investors should be, too.
Image source: GoPro.
Source Fool.com
