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Fly News Breaks for September 1, 2015
AMBA, GPRO
Sep 1, 2015 | 09:18 EDT
Cleveland Research said its recent talks with members of GoPro's (GPRO) supply chain indicate September quarter shipments appear to be tracking below expectations to-date following a slowdown in August. The firm added that its checks suggested GoPro will likely refresh product in October, with the potential for the company to introduces as many as 3 new SKUs. Cleveland Research has Buy rating on GoPro shares. Ambarella (AMBA) is among the companies that supply chips to GoPro.
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