|Bid||38.29 x 1800|
|Ask||38.69 x 800|
|Day's Range||37.38 - 39.06|
|52 Week Range||30.00 - 52.12|
|Beta (3Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.78|
CNBC's Don Chu reports on Ambarella shares tumbling after reports that the U.S. may ban business with China's Hikvision, a video surveillance manufacturer.
Ambarella fell on reports that the Trump administration might put Chinese video surveillance tech firm Hikvision on its trade blacklist. Ambarella sells video-processing chips to Hikvision.
Ambarella Inc (NASDAQ: AMBA ) shares were trading down Wednesday amid concerns the Trump administration could blacklist HIKvision, a Chinese surveillance firm, according to a New York Times report . The ...
are down nearly 12% Wednesday following reports that China-based video surveillance company Hougzhou HIKvision Digital Technology could be added to the U.S. list of Chinese companies that will be blackballed due to security concerns. Analysts at Morgan Stanley said that the company has revenue exposure from HIK in the high teens and that Ambarella is likely to be impacted by U.S. restrictions despite the fact that it is not incorporated here. "While Ambarella is officially incorporated in the Cayman Islands, we would expect them to be impacted by such a restriction if it were to be implemented," Morgan Stanley's note said.
Shares of Ambarella Inc. plunged 13.1% in active morning trade Wednesday, putting them on track to suffer the biggest one-day drop since September 2017, following reports that the U.S. was considering adding China-based Hougzhou HIK Vision Digital Technology Co. Ltd. to a blacklist. Trading volume swelled to 2.4 million shares, already nearly 5-times the full-day average. Morgan Stanley analyst Joseph Moore estimates that the video processing chips seller's exposure to HIKVision is in the "high teens" percentage of total revenue. "While Ambarella is officially incorporated in the Cayman Islands, we would expect them to be impacted by such a restriction if it were to be implemented," Moore wrote in a note to clients. He reiterated his overweight rating and $52 stock price target. Ambarella shares have gained 9.9% year to date, while the S&P 500 has advanced 14%.
Morgan Stanley analysts led by Joseph Moore wrote in a note that one of those surveillance companies, Hangzhou Hikvision Digital Technology Co., likely makes up a high-teens percentage of Ambarella’s total revenue. The analysts said that Ambarella likely has similar exposure to Zhejiang Dahua Technology Co., which is also a focus of U.S. lawmakers. Shares of Ambarella are up 15% year-to-date after today’s move, short interest is 9% of float according to data tracked by Markit.
Ambarella Inc NASDAQ/NGS:AMBAView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and declining Bearish sentimentShort interest | PositiveShort interest is moderate for AMBA with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 17. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding AMBA are favorable, with net inflows of $1.23 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
SANTA CLARA, Calif., May 10, 2019 -- Ambarella, Inc., (NASDAQ: AMBA), a leading developer of low-power and high-resolution human and computer vision solutions, today announced.
SANTA CLARA, Calif., May 03, 2019 -- Ambarella, Inc., (NASDAQ: AMBA), a leading developer of low-power and high-resolution human and computer vision solutions, today announced.
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The European Parliament voted last week to begin using the latest biometric systems to track every man, woman and child in the EU, and some non-EU citizens, too. The Common Identity Repository, according to the press release, is a new, searchable database that will link border control, immigration and law enforcement information across the EU. Privacy does not exist, not even in Europe.
KeyBanc Capital Markets turned "incrementally more constructive" on Ambarella Inc (NASDAQ: AMBA ) after hosting investor meetings with management with conversations ranging from new product ramps ...
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