I sold half my position at 78. If you look at the chart you see back in early 2014 there was a similar strong pop upwards to 34. In a few weeks it was down in the low 20's. I am not saying AMBA will lose a third of its value but I would not be surprised if we get back into the low 70's again for some regrouping and consolidation. If it goes below 80 I will be rebuilding my position.
I am not short. I wonder how the people who had most of their portfolio in NFLX felt when it went down 25 percent in a few weeks last year twice. I am just saying this can go down as fast as it went up. If you don't like that tough. I have seen people like you for the past 25 years. You were especially loud and obnoxious in 1999 but then for some reason you disappeared in 2000. Same with real estate you cant shut up in 2008 crowing all the time but then in 2009 you shut up. Don't shut up when you portfolio crashes be a happy idiot.
This is about how I had it figured. Glad I got rid of my shares long ago. The CEO didn't disappoint me (again).
Perhaps you need a new way to make up for other areas that are perhaps physically or mentally lacking instead of getting into #$%$ matches with people.
Its clear they are trying to use software to differentiate themselves and create value in their product line (ie. so their chips aren't just a commodity item but are a value added item). It is clear that their power savings architecture is a major competitive advantage going forward. They talked about STM and Bosch but I see Bosch being their main competitor with STM really concentrating more in the automible segment and not consumer electronics. I just get the impression some analysts didn't hear "gross margin improvement in a couple quarters" last time and were expecting 50 percent margins right away. They sacrificed some margin to get higher sales with apple and appear to be keeping operating expenses in line, which is what I want. Losing some gross margin for higher sales is not a bad thing if the margin grows in total dollars and that makes it to the bottom line.
Some people apparently took last qtr's guidance of "we will reach 50 percent margin in a couple qtrs." to have meant this qtr. They appear to be holding costs in line while growing the top line at the expense of some margin to be in the top smartphone in the world. I would rather they be in apple at a lower margin than have much lower revenues at a higher margin. As far as Samsung is concerned, their business with Samsung went up 20 percent, but there is no guarantee they will always have Samsung. The earth could explode tomorrow too. I guess I should sell based on that risk. The street seems to be disappointed that gross margin is where INVN said it would be and not higher already. Its clear they are trying to tamp down expectations now for potential over performance later. They are not modeling higher gross margins until the back half of fiscal 2016 when new products like their programmable 6 axis are expected to ramp up. It appears their next phase is to use software to differentiate their system on chip and make it desirable to more industries including wearables, automobiles and medical going forward, not just smartphones.
Are you serious?? I have not listened to the CC. This is why message board are worthless.
They reported revenue at the top of the range, they beat on earnings they are issuing guidance that is ahead of previous guidance. To top it off they are guiding (according to barrons I have not listened to the CC) of gross margins around 46 percent which is what they guided last qtr and said they would not go above 50 percent for a couple more quarters which I take to be a year. This apparently is a 'sell the news' event and people are trying to milk it for all they can, even reporting wrong revenue numbers and calling it a big miss. Ridiculous. This was a good qtr and as far as I can tell a good CC market be damned.
" On the conference call, management forecast revenue this quarter of $95 million to $98 million, and EPS of 11 cents to 13 cents, compared to the average Street estimate for $92 million and 12 cents. The company sees non-GAAP gross margin staying about the same, at a range of 46% to 47%.
Following that forecast, the shares have deepened their decline, down $1.86, or almost 12%, at $13.95."
Somebody needs to be sued.
"Thank you, Behrooz. Looking towards Q3, we are estimating the total revenue will be within a range of $108 million to $115 million, with the customer and market mix approximately what we experienced in Q2. As a result, our expectations for non-GAAP gross margins in fiscal Q3, is a range between 46% and 47%."
"Non-GAAP EPS should be a range between $0.17 and $0.21 per share assuming an average share count of about $95 million. You’re modeling us on a GAAP basis, our gross margin should be between 43% and 44%, our operating margin should be between 8% and 12% and our GAAP EPS should be between $0.06 and $0.10 in Q3."
Last quarter they said inventory writedowns ate 8 percentage points in gross margin. Gross margin on a non gaap basis was 37 percent. The revenue estimates from analysts are 112 million and 20 cents a share in non gaap earnings. I think management came up with some very modest goals for this quarter and I don't see the stock price currently reflecting a beat by any big margin. Is it under priced. No not at all. But unless they cant meet their own modest expectations tomorrow by some margin, I don't see the stock going lower. The price in the 13's was the long term bottom and I think was supported by shorts doing some covering as has been shown by the number of shares short shrinking.