Ambarella (AMBA) Tops Q4 EPS by 18c; Guides Q1 Revs Below Views
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Ambarella (AMBA) PT Lowered to $65 at Stifel
March 1, 2017 8:44 AM ESTStifel lowered its price target on Ambarella (NASDAQ: AMBA) to $65.00 (from $82.00) while maintaining a Buy rating. 4Q revenue of $87.5mn was down 12.9% q/q and up 28.7% y/y, above the Street's $86.0mn.
Analyst Kevin Cassidy commented, "While we've been... More
Oppenheimer Reiterates Perform on Ambarella (AMBA)
March 1, 2017 8:27 AM ESTOppenheimer reiterated a Perform rating on Ambarella (NASDAQ: AMBA) following the company's 4Q earnings report. Revenue was up 29% Y/Y and down 13% Q/Q due to strong Y/Y growth from GoPro.
Analyst Andrew Uerkwitz commented, "Ambarella slightly bear on January quarter... More
