Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results

Go back to Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2019 Financial Results

Craig-Hallum Upgrades Ambarella (AMBA) to Buy

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

For an analyst ratings... More

Ambarella (AMBA) Tops Q4 EPS by 10c, Slight Beat on Revenues; Q1 Revenue Guidance Below Consensus

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... More