Ambarella (AMBA) PT Raised to $120 at Baird

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. ANET
6. DUOL
7. SWKS
8. XYZ
9. CVS
10. FISV

Go back to Ambarella (AMBA) PT Raised to $120 at Baird

Ambarella (AMBA) stock drops 7% on weak forecast, analyst downgrades to Neutral

March 1, 2023 9:10 AM EST

Ambarella (NASDAQ: AMBA) shares are down almost 7% in pre-market after the company offered the first-quarter forecast that trailed analyst estimates.

Ambarella reported EPS of $0.23 on revenue of $83.3 million, beating the consensus for earnings of $0.14 on revenue of $83M. Revenue declined nearly 8% year-to-year while the adjusted gross margin declined by 130 basis points YoY to 63.5%.

We achieved significant milestones in fiscal 2023 towards our transformation to an edge AI company, said Fermi Wang, President and... More