When GoPro (NASDAQ: GPRO) announced new products and updated guidance last week, the market took the news extremely poorly. The stock has fallen 28% in the last five days alone, and with a share price below $4, investors don't see much hope for a turnaround.
While Wall Street fixates on the reduced revenue growth guidance from 9% to 12% to a new range of 6% to 9%, it's looking past new products that are about to hit the market and lessons GoPro has learned from the past. GoPro even has a couple of compelling options for consumers this holiday season that may prompt some users to upgrade.
Image source: GoPro.