Ambarella (AMBA) Guidance 'Only In-Line', Needham & Company Notes

Ambarella's (AMBA) Outperform Rating Reaffirmed at FBN Securities

FBN Securities maintained an Outperform rating on Ambarella (NASDAQ: AMBA) with a price target of $110. Analyst Shebly Seyrafi thinks shares are attractive after today's pullback.

"The company reported yet another strong quarter, with revenue up 79% Y/Y and over $2M above consensus, and NG EPS came in $.07 (9%) above consensus. The stock is looking to exhibit... More

Canaccord Genuity Cuts Price Target on Ambarella (AMBA) Following 8c EPS Beat

Canaccord Genuity reiterated a Buy rating on Ambarella (NASDAQ: AMBA), and cut the price target to $105.00 (from $122.00), following the company's 2Q16 earnings results. Revenue of $84.2M and non-GAAP EPS of $0.88 beating consensus estimates of $81.73M/$0.80. Ambarella guided for Q3/F'16 sales of $91.5M and implied non-GAAP EPS of $0.89 at the midpoints.

Analyst Matthew Ramsay commented, "Ambarella... More

Ascendiant Capital Cuts Price Target on Ambarella (AMBA) Following 2Q EPS Beat

Ascendiant Capital reiterated a Buy rating on Ambarella (NASDAQ: AMBA), and cut the price target to $105.00 (from $110.00), following the company's 2Q16 earnings results. Ambarella delivered revenue of $84.2M beating the $81.7M consensus forecast. EPS of $0.88 compared to the $0.81 Street expectation. The... More

Ambarella (AMBA) Hasn't Lost Socket at GoPro (GPRO), Pacific Crest Maintains Overweight Rating

Pacific Crest maintained an Overweight rating on Ambarella (NASDAQ: AMBA) with a price target of $123. Shares declined after Ambarella reported Q2 results and disappointing guidance, but analyst Brad Erickson remains positive on the name and he said he is confident that there has been no socket loss at GoPro (NASDAQ: GPRO).

Erickson explained, "Timing and product mix affected AMBA's guidance, but we believe it... More

Ambarella's (AMBA) Price Target Lowered to $85 at Deutsche Bank as Guidance Disappoints

Deutsche Bank maintained a Hold rating on Ambarella (NASDAQ: AMBA) and lowred its price target to $85.00 (from $100.00). Analyst Ross Seymore called Q2 a solid quarter but he noted that guidance was disappointing, especially given its beat and raise trend.

"Ambarella... More

GoPro (GPRO) Numbers Cut at Piper Jaffray Following Ambarella (AMBA) Results

Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating but cut estimates and her price target on GoPro (NASDAQ: GPRO) to $54.00 (from $72.00), saying Ambarella's (NASDAQ: AMBA) results after the close suggest a mixed picture for the company.

Murphy commented, "Shares... More

Ambarella (AMBA) Q3 Revenue Guidance Falls Short

Ambarella (NASDAQ: AMBA) sees Q3 revenue of $90-$93 million vs the consensus of $92.33 million. Q3 adjusted gross margin is seen at 62.5%-64%.

Ambarella (AMBA) Tops Q2 EPS by 8c

Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.88, $0.08 better than the analyst estimate of $0.80. Revenue for the quarter came in at $84.2 million versus the consensus estimate of $81.73 million.

"We enjoyed a very strong second quarter, with a year-over-year revenue increase of 79.3 percent," said... More