- Yesterday it was Morgan Stanley's turn to issue a downbeat note, today it's Cleveland Research's: The firm has downgraded GoPro (NASDAQ:GPRO) to Neutral, believes action camera shipments are softening, and sees risks to Q3 guidance and 2015/2016 estimates.
- GoPro is about $0.50 above the 52-week low ($27.52) it set yesterday, and down 56% YTD. The IPO price was $24. Ambarella (NASDAQ:AMBA) is seeing slightly larger losses.