Ambarella Now Covered by Chardan Capital (AMBA)
Research analysts at Chardan Capital assumed coverage on shares of Ambarella (NASDAQ:AMBA) in a report released on Thursday, Stock Ratings Network.com reports. The firm set a “neutral” rating on the stock.
Ambarella (NASDAQ:AMBA) opened at 21.03 on Thursday. Ambarella has a 1-year low of $5.55 and a 1-year high of $21.08. The stock has a 50-day moving average of $18.09 and a 200-day moving average of $16.4. The company has a market cap of $579.5 million and a price-to-earnings ratio of 29.96.
Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, September 5th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.07. The company had revenue of $37.70 million for the quarter, compared to the consensus estimate of $35.99 million. The company’s quarterly revenue was up 34.6% on a year-over-year basis. Analysts expect that Ambarella will post $0.95 EPS for the current fiscal year.
Separately, analysts at Needham & Company raised their price target on shares of Ambarella from $20.00 to $21.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.75.
Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.
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