Ambrella (AMBA) Numbers Cut at Needham & Company as Weak Wearable Sports Cameras Weigh

Buy Ambarella (AMBA) on Weakness - Canaccord Geunity

December 4, 2015 9:59 AM EST

Ambarella (NASDAQ: AMBA) reported strong October quarter results with revenue (+42% Y/Y), margins, and EPS above consensus but offered guidance that was below expectations. Numbers are now reset to fully reflect GoPro weakness and Canaccord Genity analyst, Matt Ramsay, suggests buying the weakness because the growth story is still intact.

Ambarella reported strong Oct Q results with revenue (+42% Y/Y),... More

After-Hours Stock Movers 12/03: (KBIO) (FIVE) (TRVN) Higher; (ZUMZ) (BKS) (COO) Lower (more...)

December 3, 2015 5:59 PM EST

KaloBios Pharma (NASDAQ: KBIO) 33.8% HIGHER; announced that it has signed an agreement to acquire a benznidazole program for the treatment of Chagas Disease from Savant Neglected Diseases, LLC, a privately-held specialty pharmaceutical company. Under the terms of the agreement, KaloBios will pay an upfront payment of $2 million, plus regulatory milestones and a royalty based on product sales. The transaction is expected to close in the coming weeks. Also announced it has entered definitive agreements with institutional and accredited investors in connection with a private placement, or PIPE... More

Market Wrap: Durable Orders Snap Losing Streak; ECB's Easing Underwhelms; Kroger Gains on Results, Outlook

December 3, 2015 5:29 PM EST

Market wrap for December 3rd

End of the Day: S&P 500 down 29.9 to 2,049.62; Dow Jones down 252.0 to 17,477.67; Nasdaq down 85.7 to 5,037.53

Market Brief: Fed chair Janet Yellen spoke before the Joint Economic Committee today. In part, the chairman said U.S. employment was close to full and that drags on inflation are expected to ebb next year. "I currently judge that U.S. economic growth is likely to be sufficient over the next year or two to result in further improvement in the labor... More

GoPro (GPRO) Slips Lower Following Ambarella's (AMBA) Weak Q4 Outlook

December 3, 2015 4:31 PM EST

GoPro (Nasdaq: GPRO) shares are ticking lower on the heels of Ambarella's (Nasdaq: AMBA) quarterly results.

After markets closed Thursday, Ambarella... More

Ambarella (AMBA) Tops Q3 EPS by 22c; Issues Light Q4 Revenue Outlook

December 3, 2015 4:05 PM EST

Ambarella (NASDAQ: AMBA) reported Q3 EPS of $1.08, $0.22 better than the analyst estimate of $0.86. Revenue for the quarter came in at $93.2 million versus the consensus estimate of $89.9 million.

GUIDANCE:

Ambarella sees Q4 2016 revenue of $65.0-67.5 million, versus the consensus of $76.3... More

Focus on drones in Ambarella results after steep stock fall

December 3, 2015 2:00 PM EST

By Noel Randewich

SAN FRANCISCO (Reuters) - Drones and GoPro will be in the spotlight on Thursday when Ambarella posts its latest quarterly results after a recent selloff that has left the video chipmaker's once-stratospheric stock low enough to catch the eye of potential suitors.

Ambarella became an investor favorite last year thanks to stellar growth of top customer GoPro. However, its reliance on the maker of sports cameras is increasingly seen as a liability.

Still, the video processor specialist remains one of the fastest-expanding chipmakers in an industry caught in a wave of M&A as... More

Trading Radar for 12/3: Kroger (KR), Express (EXPR), Dollar General (DG), Ambarella (AMBA) Report

December 2, 2015 2:41 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EST

Challenger Job Cuts - no Street consensus

8:30am EST

Initial Claims - Street sees 267kContinuing Claims - Street sees 2.177M

Earnings:

Canadian Imperial Bank (NYSE:... More