In the second quarter of 2021, the gross margin expanded 950 basis points year over year to 39.8%, making the company more profitable.Īnother big contributor to profitability is GoPro’s new subscription business, which delivers a gross margin in the range of 70% to 80%. accounted for over 50% of sales in the trailing 12 months. Rather than selling all of its cameras at a wholesale rate through retail channels, it built a direct-to-consumer business on its website. Despite being the leader in the action camera industry, investors perceived GoPro as too one-dimensional with limited growth prospects.īut that has changed recently with several new initiatives announced since 2020 to turn the company around. GPRO made headlines when it went public in 2014 and since then it has fallen over 85%. GoPro ( GPRO) is a renowned camera and drones manufacturer. Therefore, COHU is the right buy for 2022. One of the analysts from Wall Street has predicted COHU stock to reach $65 per share, proving it to be an undervalued stock, worth investing in. With analysts expecting $3.05 in earnings per share for the company this year, the stock trades at a multiple of just 11.2 times.ĬOHU stock looks promising and the prospects as we kick off 2022 are bullish enough. That puts Cohu in a great position to continue strong growth momentum, adding to its customer list as producers try to increase manufacturing capacity to meet demand. This compares to earnings of $0.27 per share a year ago.Īs per the whispers in the market, it is expected that the semiconductor shortage will continue into 2022. COHU during the recent third-quarter outcomes, reported quarterly earnings of $0.70 per share, in line with the Zacks Consensus Estimate. That highlights the booming demand for its products and services.Ĭohu’s growth in 2021 has been astonishing. In the trailing twelve months, the company has already made $897 million and is expected to end the year with $902.7 million in revenues. In 2016, COHU recorded $282.1 million in revenues. Cohu has continued to attract new customers through this strategy.Ĭohu has continued to improve its revenue at a quick pace over the last five years. The company has pivoted its focus to its automotive-related product line to help alleviate the industry’s supply issues. Cohu ( COHU) is a semiconductor-service company that provides essential testing and handling equipment to the world’s largest semiconductor producers.
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