what can ceo nick woodman do to turn it around?n an exclusive interview coming your way on "squawk on the street." man 1: you're new. man 2: i am. woman: ex-military? man 2: four tours. woman: you worked with computers? man 2: that's classified, ma'am. man 1: but you're job was network security? man 2: that's classified, sir. woman: let's cut to the chase, here... man 1: what's you're assessment of our security? man 2: [ gasps ] porous. woman: porous? man 2: the old solutions aren't working. man 2: the world has changed. man 1: meaning? man 2: it's not just security. it's defense. it's not just security. it's defense. bae systems. >>> best buy out with results beating estimates but forecast giving investors something to worry about. courtney reagan spoke with the ceo and joins us from the nasdaq. >> good morning, carl. best buy turned in a relatively healthy first quarter given the retail environment beating wall street estimates on both the top and bottom line, but forecast is disappointing. and the cfo is leaving to be replaced b

nick woodman, the ceo saying gopro is good about what were the lessons learned.aders and investors very concerned at this point. melissa, back to you. >> all right, josh lipton. thank you. >> by the way, the stock is now trading below $10. does that mean anything? >> no, no. i'll tell you why it could rip. it's got a 30% short interest on the stock. it's a $10 name. so you could see this thing pop. with any hint of positive news. i don't think it will be a hint of positive news. >> right. >> so i do believe that people talked about it as a digital company. when you look under revenues, it's just to me says all hardware. it's all hardware. >> this is a hardware company, and they can't seem to execute on the hardware side there is no recurring revenue stream for this company. they didn't try and be -- the interface so that people -- >> it's not a drone company. >> all the things that were supposed to become haven't become. >> and it's not cheap at 10 bucks or below 10 bucks. >> the truth is -- >> it does have a water skiing chipmunk. pretty amazing. >> to be frank,

go prowhen nick woodman sold stock in the '90s, they ate it up. >> that is true. >> for his foundation, i think elon musk is very committed to owning tesla. >> that's the risk. he's too committed. there was a buyer great look by ashley vance last year about elon musk. we read it. there is history. the guy has gone to the brink with every company he's founded and had a handshake deal to sell the company in may of 2013 or something like that because they couldn't make payroll. if we have another financial crisis and stock gets cut in half and spacex loses a contract, it's all intertwined and they will be in a lot of trouble. the fact is i would go the other way and say his commitment to those endeavors makes the story interesting why he's unique. >> quickly on the stock that traded up today on top of the gain yesterday -- >> well, you guys know, i don't think it's been priced yet. >> yeah. >> wherever it's priced, that's your level you trade against. it's traded really well since the announcement. let's see after its priced. >>> progolfer phil mickelson paying up on games he won with an

. >> i'm not picking on nick woodman but how many have we heard from when their stock is down saying their stockmarket doesn't understand my company. >> oh, sure. right. >> yeah. >> sometimes you hear it on the flip side. maybe elon musk talked about it. oh, when stock's high. we talk about it. no troves. no big news and things. it's quitely building a big franchise, isn't it? >> yeah. well, especially in my house. we have three teenagers. so i think they're creating quite a buzz? that demographic. >> still, steve, how much do you think it's worth here? $22 billion. you know. is it justified? >> well, if you look at it alone, snapchat is growing faster than facebook. it has about 40% of the engagement that facebook has. and 40% of it as well. it has 10%, 15% of its daily active youers account. so today facebook is worth $330 billion. is snapchat worth 1/16 of facebook given those numbers? >> right. >> i i'd say. >> we know how fixing the young can be with their social media. they'll move onto another platform when they get tired of that one as they've done in the past, right? >> that

nick whitman saying it remains solid. he also says to delay our drone car machlt remember they put a self-imposed deadline. woodmanaying they're dlag thachlt it should benefit from the holidays. on the call we're going hear a lot more. did the price cuts, the hero session. remember, they cut it twice. did it help move units and also more about this drone. when should we expect this launch and any updates we get about the new camera expected later this year. that starts around 5:00 p.m. eastern. back to you. >> thank you, josh. joining us more on these earnings. ross gerber from gerber kawasaki. we're look for it. the sent meant has been pretty bad. why do you think this is a stock worth sticking with? >> i don't know about that. we have twitter, pandora, and yelp. they're buyout candidates. it would be a wonderful addition. beyond that, i don't have a lot of hope. >> just to be clear, your only hope for gopro is somebody buys it and changes the ceo? >> absolutely. how many missteps can you possibly have? you've lost $7 billion of market cap for people who bought that stock at higher prices and you're at all-time l