Manipulation has no relevance if you are long. It surprises me when people want to trade a stock like AMBA. Earnings blowing out each quarter. Projections for next quarter are very good, new businesses are continuing to come on and the old ones are delivering as well. Why trade it? Seems crazy to me.
GoPro Inc (NASDAQ: GPRO) stock is down more than 4 percent on Monday after Chinese smartphone company Xiaomi launched a wearable action camera that offers similar features as the GoPro Hero camera.
The new Yi Action Camera retails at $64, half the price of the GoPro Hero, which is available for $130. It features a 16-megapixel camera, which can shoot 1080p video at 60 frames per second, better than the Hero (which shoots 1080p video at 30 fps, or 720p film at 60 fps). The device also has a better image sensor than the Hero, and double the storage space.
Although the Yi will first be obtainable in China only, analysts are already speculating about an international release.
Where Does Ambarella Come In?
Ambarella Inc (NASDAQ: AMBA) shares are up more than 6.6 percent on Monday following the news of the Yi launch. Why?
The new Yi camera features an integrated Ambarella A7LS high-performance camera processor. This, and other specs are featured on the Chinese Yi site.
Here are the specs, translated into English:
• Length X width X height: 60.4mm x42mm X21.2mm
• Body weight: 72g
• Ambarella A7LS high-performance image processor
• Sony 16 million pixel back-illuminated Exmor R BSI CMOS image sensor
• HD optical glass aspherical lens / F2.8 large aperture 155 ° super wide-angle
• ST high-performance three-axis gravity sensor
• Professional diving depth of up to 40 meters (waterproof shell accessories sold separately)
• Storage: Maximum support Micro SD 64G
The bar has been raised for them. If they do not hit an absolute home run I feel like we may lose a lot of what we have gained recently. These guys are very forthright in their guidance so if they give a rosy picture we could rock some more. But if even slightly off expectations again watch out. Just my .02.
Agree with John. I doubt the management at Ambarella thinks like a short term trader. By that I mean they are in this for the long term and could care less if their earnings are out of the park, in line or below consensus estimates for motivation to speak or not speak next week. They are trying to build a product that is everywhere and makes them (and us) a lot of money way into the future. As a long term investor I think this is a prime candidate.
I am a long(er) term holder than a lot of those on this board. I am a big believer in what this company does and use their earnings growth and level of debt as evidence to validate my opinion.
Bottom line you were late to the party. Don't be so bitter. Admit it and move on. We have a great story right here.
Yours is a glass half empty viewpoint. Looking at the forward P/E it is 28.65. The market clearly believes they are going to grow earnings and grow them well. So sit back and relax, wait until March and most likely you will like what you see. If not bail out now and if the market is right you will be disappointed.
The question should be asked of you. If you think this is such a fad stock then you should dump it (hopefully you made some money) and move on. Gopro is down because they provided guidance that was less than expected. But is AMBA down much? They reached the all time high of 55 just 2.5 months ago. Guess where they are now? $55.73. Essentially in very good shape. Buy it and hold it but quit trying to convince us they have only one thing to sell.
This is really a buy and hold stock. Sorry to hear you sold. I think this is a great one and I will continue to hold as the story develops. Good luck to you!
So will you be selling and leaving this board presume?
How do you know this? Do you have a Delorean that takes you into the future and the first week of March? The only thing worse on this board than the negative short guys are those like you who come on here and make these idiotic comments about where the stock price is going to be. Can we assume you have mortgaged your entire future because you know it is going up $11-$12 per share?
Remember earnings are not until the first week in March. This thing could do a million things by then. This is one of my best long term holdings.
Security IP Cameras
Broadcast Infrastructure Solutions
www.ambarella.com For those who believe this company is not diversified please take a look at their website and get a better understanding of what they offer. Certainly GoPro is a big part of it. But they are using the GoPro business to try and dominate in other areas as well.