NEW YORK, Jan. 9, 2018 /PRNewswire/ — Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GoPro, Inc. (“GoPro” or the “Company”) (NASDAQ: GPRO). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/gpro.

Bronstein, Gewirtz & Grossman, LLC

The investigation concerns whether GoPro and certain of its officers and/or directors have violated Sections federal securities laws.

On August 3, 2017, GoPro hyped that it was then “building momentum” for its strong demand and on September 7, 2017 GoPro raised financial guidance. On November 1, 2017, GoPro issued a press release announcing its 3Q17 financial results and provided 4Q17 and updated FY17 positive guidance.

On Monday January 8, 2018, before market hours, GoPro revealed its fourth quarter 2017 sales were $340 million, much below analysts’ projections of over $470 million. GoPro also said it was cutting more than one-fifth of its workforce and leaving the drone market. Following this news, GoPro stock dropped to as low as $5.04 per share during intraday trading on January 8 and then closed at $6.56 per share on January 8, 2018.

 If you are aware of any facts relating to this investigation, or purchased shares of GoPro, you can assist this investigation by visiting the firm’s site: www.bgandg.com/gpro.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

 

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