Citron Research Covering Ambarella (AMBA) Short Sale

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

September 2, 2015 12:56 PM EDT

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

Pre-Open Stock Movers 09/02: (SURG) (VRA) (WMGI) Higher; (RJET) (DGLY) (HTWR) Lower (more...)

September 2, 2015 9:23 AM EDT

A listing of stocks moving in the pre market trading session:

Synergetics USA, Inc. (NASDAQ: SURG) 53% HIGHER; Synergetics USA and Valeant Pharmaceuticals International ("Valeant"), a wholly-owned subsidiary of Valeant Pharmaceuticals International, Inc. (NYSE: VRX), announced that they have entered into a definitive agreement under which Valeant will acquire Synergetics for $6.50 per share in cash. In addition to the upfront cash payment, Synergetics stockholders will receive additional cash payments... More

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

September 2, 2015 8:58 AM EDT

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

September 2, 2015 8:53 AM EDT

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

Wall Street surges as turbulence becomes the norm

September 2, 2015 7:46 AM EDT

By Noel Randewich

(Reuters) - Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve's impending decision about when to raise interest rates.

U.S. investors have weathered over two weeks of unusually wide-swinging trade that has left the S&P 500 with its worst monthly drop in three years and a loss of 8.5 percent from an all-time high in May.

What we're seeing today is not a recovery. It's market volatility, it's nervousness, it's an... More

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

September 2, 2015 7:26 AM EDT

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

September 2, 2015 7:17 AM EDT

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

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

September 2, 2015 7:11 AM EDT

Needham & Company analyst N. Quinn Bolton reiterated a Hold rating on Ambarella (NASDAQ: AMBA) following results and in-line guidance and weak wearable camera outlook.

Bolton commented, "AMBA reported better than expected F2Q16 results driven by strength in wearable, flying and... More

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

September 2, 2015 6:28 AM EDT

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

September 1, 2015 5:30 PM EDT

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%.

... More