Ambarella Inc logo

AMBA - Ambarella Inc News Story

$112.49 -0.8  -0.7%

Last Trade - 26/02/21

Large Cap
Market Cap £2.84bn
Enterprise Value £2.54bn
Revenue £156.5m
Position in Universe 1568th / 6715

BUZZ-Ambarella Inc: Rises after strong Q3 results

Tue 24th November, 2020 10:40am
** Shares of video-processing chipmaker  AMBA.O  up 8.5% at
$72.05 in premarket trading  
    ** AMBA on Monday reported Q3 revenue of $56.1 mln, above
Street est of $55 mln, according to Refinitiv data*:nGNX2Ylk60
    ** Co also forecast Q4 revenue between $56 mln and $60 mln,
ahead of Refinitiv est. of $55.30 mln
    ** Brokerage Cowen and Co raises PT on stock to $81 from
$72; says co's underlying computer-vision IP remains undervalued
    ** Adds, AMBA has the potential to see a significant
share-driven inflection in its core security market both within
and outside China as Huawei's HiSilicon is forced out of the
    ** Avg. rating of 16 analysts on stock is "buy" and median
PT is $70 - Refinitiv data
    ** Up to Monday's close, stock had risen ~10% so far this

 (Reporting by Tiyashi Datta in Bengaluru)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.