Ambarella, Inc. Announces Second Quarter Fiscal Year 2019 Financial Results
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Ambarella (AMBA) PT Lowered to $54 at Cowen
August 31, 2018 7:22 AM EDTCowen 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
Ambarella (AMBA) Tops Q2 EPS by 12c, Revenues Beat
August 30, 2018 4:06 PM EDTAmbarella (NASDAQ: AMBA) reported Q2 EPS of $0.25, $0.12 better than the analyst estimate of $0.13. Revenue for the quarter came in at $62.5 million versus the consensus estimate of $62.14 million.
While we are disappointed with our near term outlook, we remain confident that our decision to... More
