GoPro Drone Teased by CEO Nick Woodman, GoPro Cloud The Future?

J.P. Morgan analyst Paul Coster weighed in today with his views on GoPro Inc (NASDAQ:GPRO), after the company’s CEO Nick Woodman appeared on CNBC defending against recent criticism that GoPro is a “one-trick pony”. He broke the news during an interview with Matt Burns. “A drone opens up a perspective for our world that we’ve never seen before”, Woodman said. Furthermore, GoPro’s share plunge trend is predicted to keep up right through end of this year’s 4th quarter.

As for speculation that GoPro could be acquired, Woodman said rumors make for great headlines, but insisted any conversations with companies like Apple, Facebook (FB) and Google (GOOGL) revolve around partnerships, not buyouts. He noted that it was released out of cycle and said expectations that it would instantly become a top seller were unreasonable.

But there is more to that, the company also has to focus on the software. “What is most exciting about GoPro today is that it’s like an iPod without its iTunes”.

The article compares GoPro to BlackBerry Ltd (NASDAQ: BBRY), and said the stock could fall nearly 30 percent from Friday’s closing price to $25 per share. GoPro videos are already doing incredibly well on Instagram.

GoPro is perfectly placed to start producing cameras and attaching drones to them – or the other way around – and this is exactly what it is going to do.

Then, the GoPro servers will let you make a 60-second or 2-minute videos without any effort on your part. This platform is designed for nonprofit organizations.

At first, GoPro will work with 10 organizations. Three of them are Mauli Ola, Bicycles Against Poverty and St. Jude Children’s Research Hospital. You can never say ‘we made it.’ That’s when you get hit by the competitor trucks.