Ambarella, Inc. (NASDAQ: AMBA) is a developer of low-power, high-definition (HD) and Ultra HD video compression and image processing products. The company’s products are used in a variety of HD and Ultra HD cameras including security IP-cameras, sports cameras, wearable cameras, flying cameras and automotive video camera recorders. Ambarella compression chips are also used in broadcasting TV programs worldwide. Ambarella is the recipient of the Global Semiconductor Alliance (GSA) 2010, 2011, and 2012 award for "Most Respected Private Semiconductor Company". Ambarella became a public company in 2012 and has since received the GSA 2013 award for "Favorite Analyst Semiconductor Company" as well as the GSA 2014 award for "Most Respected Emerging Public Semiconductor Company”. The CEO, Feng-Ming (Fermi) Wang, has received a Glassdoor rating of 100%. The company itself has a Glassdoor rating of 4.1 stars out of 5.
Reported after close today (6/2/16) Earnings: EPS $0.34 Revenue $57.2M Estimates: EPS $0.27 Revenue $55.9M Up 8.90% after hours
Fans may get their days now. Recent bullish resurgence was a good indication of a possible bullish outcome
This has a lot of things setup for a short. No more MA supports. So prices today are lower than what people have been paying on average. Price is below the candle from ER day. It's in a downchannel that is nicely illustrated by finviz And the semiconductor sector as a whole is nowhere near as strong as it used to be.
ER tomorrow after close. My play is bought 62.5 call, sold 68 call bought 50 put. favoring a beat but have limited insurance for the downside, given the volatility of this stock every ER
Ambarella drops after earnings include weaker-than-expected forecast http://www.marketwatch.com/story/am...lude-weaker-than-expected-forecast-2017-06-06
Could see it go down to $37, as in May 2016. Dougherty & Company lowers price target from $75 to $60. The firm cites the downward revision in the new quarterly report that could impact beyond 2H18. Issues include lower drone forecasts, memory component shortages impacting builds, and delayed VR launches Craig-Hallum downgrades the company from Buy to Hold. ROTH Capital downgrades from Buy to Neutral. Dougherty and Stifel reiterated buys after this ER, but lowered price targets by 20% (Stifel $64 to $52).
Has gone straight up since its ER; there was a ton of volume traded on that day. Nearing this trend line
Ambarella (AMBA) Up 9% on Earnings Triple Play Chip-maker Ambarella (AMBA) is trading up 9% after reporting an earnings triple play after the close of trading last night. An earnings triple play occurs when a stock beats consensus EPS estimates, beats revenue estimates, and raises forward guidance. While EPS beat by 7 cents ($0.01 vs. -$0.07 est.), revenues managed to just barely beat by $180,000 ($47.2 million vs. $47.02 estimates). But...a beat is a beat. Ambarella is certainly in the sweet spot of the semiconductor space it seems. The company was only founded 15 years ago in 2004, but its low-power/high def chips are key for tech products like video security, advanced driver assistance systems, fully autonomous driving, and robotics. Below is a snapshot of AMBA pulled directly from the Earnings Explorer. As shown, AMBA has historically beaten EPS estimates 100% of the time since it went public in 2012. This quarter's EPS beat was the company's 27th in a row! Talk about consistency. In terms of sales, the company has a 96% beat rate, which means it has only missed sales estimates once in twenty-seven quarterly reports. While AMBA has no problem beating EPS and sales estimates, it lowers guidance quite often. In just the last ten quarters, AMBA has lowered guidance eight times. Prior to this quarter, AMBA had lowered guidance for five quarters in a row. That's what makes this quarter's report so impressive. Instead of lowering guidance as the company usually does, it raised guidance this time around. This is only the second time that the company has raised guidance on a quarterly report since it went public. As highlighted in the table below, the last time AMBA raised guidance on November 30th, 2017, it opened higher by 8.5% and then continued to trade higher by another 5.3% from the open to the close. Its full-day change that day was +14.3%. Again, AMBA is set to gap higher at the open this morning by about 9%. Will the same trend of intraday buying that happened the last time AMBA raised guidance occur once again today? We'll find out soon enough.
