5 Things Ambarella, Inc. Management Wants You to Know
When Ambarella (NASDAQ: AMBA) announced fiscal third-quarter 2018 results last week, shares of the video-processing chip specialist soared more than 16% the following day. But Ambarella's performance certainly didn't look good at first glance. Revenue fell 11.4% year over year to $89.1 million, which translated to a 32.4% decline in adjusted earnings per share to $0.75.
Still, revenue arrived well within Ambarella's latest guidance, and the bottom line was comfortably ahead of Wall Street's prediction for earnings of $0.67 per share.
Of course, this illustrates the need for investors to dig deeper in an effort to better understand Ambarella's underlying business. So let's take a closer look at five important points that Ambarella management discussed during the quarter's subsequent conference call.
Source: Fool.com
Ambarella Inc. Stock
With 21 Buy predictions and 4 Sell predictions Ambarella Inc. is one of the favorites of our community.
With a target price of 75 € there is a positive potential of 37.16% for Ambarella Inc. compared to the current price of 54.68 €.
