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GoPro's (GPRO) Negative Announcement Keeps Needham & Company Sidelined on Ambarella (AMBA)

January 14, 2016 1:27 PM EST

Needham & Company reiterated a Hold rating on Ambarella (NASDAQ: AMBA) following GoPro's (NASDAQ: GPRO) negative 4Q pre-announcement. GoPro exposure has been the primary overhang on AMBA shares over the past six months. Needham views the new... More