Market Challenge: GoPro's Mixed Bag

| About: GoPro (GPRO)

Summary

GoPro announced a bump in sales over the Thanksgiving to Cyber Monday period.

The company also is cutting staff.

Does the mixed news change your attitude on GoPro?

Offer your perspective below!

Update: Poll results are in.

  • No matter what the naysayers claim, GoPro is a buy - 53.3%
  • On a fence - this news looks like a mixed bag - 19.7%
  • Sell GoPro - competition, lacking consumer demand will hit stock - 27%

Thanks to everyone who participated in today's poll. Stay tuned for more Market Challenge!

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Big news is out from GoPro (NASDAQ:GPRO) this morning.

The action camera maker said unit sales were up more than 33% during the Thanksgiving to Cyber Monday selling period.

The company also announced a restructuring. GoPro will close its entertainment division, eliminate 200 full-time positions and cancel open positions, amounting to a 15% reduction in work force.

Does the mixed news change your attitude on GoPro? Is the stock a buy or sell?

Offer your opinions below!