GoPro (GPRO) shares jumped as much as 7% on Monday after the company announced a new camera. The GoPro Hero+ LCD is a touchscreen camera that’s only its second offering that features a built-in screen, according to CNET. Last Thursday, GoPro shares rallied by up to 7% after CEO Nick Woodman announced that the company is developing a six-camera virtual-reality recording system and a drone. Analysts noted that the two offerings could add as much as $475 million to sales in the coming financial year. GoPro is up 89% over the past 12 months, and down 6% year-to-date. Analysts blamed the recent weakness on concerns that competition is mounting in the point-of-view camera space.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
