Is Ambarella Stock a Buy Now?
's (NASDAQ: AMBA) stock price plunged 20% on Aug. 30 after the image-processing chipmaker posted its latest earnings report. In the second quarter of fiscal 2024, which ended on July 31, its revenue fell 23% year over year to $62.1 million and missed analysts' expectations by $0.2 million. It posted an adjusted net loss of $6 million, compared to an adjusted net profit of $7.6 million a year ago, but its adjusted loss of $0.15 per share still cleared the consensus forecast by $0.03 per share.
Ambarella's numbers were disappointing, but does its post-earnings plunge represent a buying opportunity for long-term investors? Let's dig deeper to find out.
Image source: Getty Images.
Source Fool.com
Ambarella Inc. Aktie
50,82 €
-0,55 %
Leichte Community-Bevorzugung: Ambarella Inc. mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 73 € für Ambarella Inc. impliziert eine deutliche Steigerung um über 20% gegenüber 50.82 €.
