NEW YORK (TheStreet) -- GoPro (GPRO) - Get Report stock is up by 1.04% to $10.70 in midday trading on Tuesday, after the company announced it would allow users to live-stream on Twitter's (TWTR) Periscope platform.
The San Mateo, CA-based company, which manufactures wearable cameras, will allow users to broadcast from their HERO4Black or Silver camera on Periscope, the company said in a statement.
Periscope has more than 10 million users, the company added.
"Integrating GoPro offers Periscope broadcasters a new tool to help tell their stories more creatively, while GoPro content creators now have a new platform and audience with Periscope and Twitter to share their experiences," GoPro said in a statement.
Earlier this month, GoPro lowered its 2015 fourth quarter revenue guidance due to lower sales. The company's stock has declined about 40% during the last year.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow.
You can view the full analysis from the report here: GPRO