Ambarella (AMBA) call put ratio 3.9 calls to 1 put into EPS

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Ambarella (AMBA) PT Lowered to $54 at Cowen

August 31, 2018 7:22 AM EDT

Cowen analyst Matthew Ramsay lowered the price target on Ambarella (NASDAQ: AMBA) to $54.00 (from $65.00) while maintaining a Outperform rating. Ambarella posted slightly better than consensus JulyQ results, with IP security and automotive revenue both increasing Y/Y in the quarter. OctQ guidance, however, was... More