UPDATE: Summit Insights Downgrades Ambarella (AMBA) to Hold

Ambarella (AMBA) PT Lowered to $104 at Jefferies

Jefferies analyst David Kelley lowered the price target on Ambarella (NASDAQ: AMBA) to $104.00 (from $122.00) while maintaining a Buy rating following earnings.

The analyst commented, "2Q adj. EPS of $0.20 was below our est. of $0.22, but modestly above consensus of $0.19. Midpoint of 3Q sales guide tracked below... More

Ambarella (AMBA) Falls on Soft Q3 Forecast, Earns a Downgrade

Shares of Ambarella (NASDAQ: AMBA) are down over 8% in early Wednesday trading after the chipmaker reported Q2 results and offered lacklustre Q3 outlook.

AMBA reported a Q2 EPS of $0.20 to narrowly top the analyst estimate of $0.19. Revenue for the quarter came in at $80.9 million versus the consensus estimate of $80.19 million. The adjusted gross margin was reported at... More

Ambarella (AMBA) PT Lowered to $110 at Roth Capital

Roth Capital analyst Suji Desilva lowered the price target on Ambarella (NASDAQ: AMBA) to $110.00 (from $120.00) while maintaining a Buy rating.... More

Ambarella (AMBA) PT Lowered to $94 at Stifel

Stifel analyst Tore Svanberg lowered the price target on Ambarella (NASDAQ: AMBA) to $94.00 (from $100.00) while maintaining a Buy rating.... More

Ambarella (AMBA) PT Lowered to $100 at KeyBanc

KeyBanc analyst John Vinh lowered the price target on Ambarella (NASDAQ: AMBA) to $100.00 (from $120.00) while maintaining a Overweight rating.... More

After-Hours Movers: Chargepoint Gains Following Results, Chewy Falls

After-Hours Stock Movers:

Chewy (NYSE: CHWY) 8% LOWER; reported Q2 net income of $22.3 million. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.45 billion.

Ambarella (NASDAQ: AMBA) 5% LOWER; reported Q2 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $80.9 million versus the consensus estimate of $80.19 million. Ambarella sees Q3 2023 revenue of $81-85 million, versus the consensus of $85 million.

PVH Corp. (NYSE:... More

Ambarella Shares Down 5% on Weak Guidance, While Q2 Slightly Better Than Expected

Ambarella (NASDAQ: AMBA) shares were trading more than 5% lower after-hours following the companys reported Q2 results.

While both EPS of $0.20 and revenue of $80.9 million (up 2% year-over-year) came in slightly better than the consensus estimates of $0.19 and $80.19 million, respectively, guidance was soft.

Computer vision... More

Ambarella (AMBA) Tops Q2 EPS by 1c

Ambarella (NASDAQ: AMBA) reported Q2 EPS of $0.20, $0.01 better than the analyst estimate of $0.19. Revenue for the quarter came in at $80.9 million versus the consensus estimate of $80.19 million.

GUIDANCE:

Ambarella sees Q3 2023 revenue of $81-85 million, versus the consensus of $85... More