Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
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Go back to Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results
March 6, 2019 6:59 AM EST
Craig-Hallum analyst Richard Shannon upgraded Ambarella (NASDAQ: AMBA) from Hold to Buy with a price target of $53.00.
sale inflection coming in 2nd-halfmultiple indicators suggest growth in and auto and security, supported by computer vision-enabled products
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March 5, 2019 4:17 PM EST
Ambarella (NASDAQ: AMBA) reported Q4 EPS of $0.14, $0.10 better than the analyst estimate of $0.04. Revenue for the quarter came in at $51.1 million versus the consensus estimate of $50.92 million.
Revenue for the fourth quarter of fiscal 2019 was $51.1 million, down 28% from $70.6 million in the same period in fiscal 2018. For the fiscal year ending January 31, 2019, revenue was $227.8 million, down 23% from $295.4 million for fiscal year ending January 31, 2018.Gross margin under U.S. generally accepted accounting principles (GAAP) for the fourth quarter of fiscal 2019 was 60.0%, compared with 64.3% for the same period in fiscal 2018. For the fiscal year ending January...
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