Focus on drones in Ambarella results after steep stock fall
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Ambrella (AMBA) Numbers Cut at Needham & Company as Weak Wearable Sports Cameras Weigh
December 4, 2015 7:30 AM ESTNeedham & Company Hold Ambarella (NASDAQ: AMBA) following the company's 3Q earnings report. AMBA delivered much stronger than expected F3Q16 results, led by strength in IP security, automotive and flying cameras. Ambarella reported F3Q16 revenue of $93.2MM, up 41.9% Y/Y and slightly above the high-end of guidance of $90MM-$93MM.... More
