Ambarella (AMBA) Scheduled to Post Earnings on Thursday
Ambarella (NASDAQ:AMBA) is scheduled to release its Q215 earnings data on Thursday, September 4th. Analysts expect Ambarella to post earnings of $0.28 per share and revenue of $44.70 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Ambarella (NASDAQ:AMBA) opened at 35.25 on Wednesday. Ambarella has a 1-year low of $14.71 and a 1-year high of $36.49. The stock’s 50-day moving average is $30.26 and its 200-day moving average is $28.5. The company has a market cap of $1.030 billion and a P/E ratio of 40.20.
On a related note, analysts at Stifel Nicolaus raised their price target on shares of Ambarella from $35.00 to $39.00 in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ambarella presently has a consensus rating of “Hold” and an average price target of $29.29.
In other Ambarella news, Insider Leslie Kohn sold 20,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $32.00, for a total transaction of $640,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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