|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||43.37 - 44.90|
|52 Week Range||40.06 - 66.23|
|PE Ratio (TTM)||231.11|
|Earnings Date||Aug 29, 2018 - Sep 4, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.38|
Let's check out the reasons for the plunge in Ambarella's (AMBA) shares and consider why it is advisable to stay away from investing in this stock in the near term.
Ambarella (AMBA) is one stock you should avoid as it has seen a significant price decline and is also seeing negative earnings estimate revisions.
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Stocks that moved substantially or traded heavily Wednesday: Tesla Inc., up $28.37 to $319.50 CEO Elon Musk said it's likely Tesla will reach its production targets for its Model 3 sedan by the end of ...
Investors once looked to GoPro Inc., the action camera and accessory maker, as a key indicator for a variety of its suppliers, including the high definition video semiconductor manufacturer Ambarella Inc. But times have changed. The San Mateo, California-based GoPro, which achieved a peak valuation close to $12 billion the year it went public in 2014, now has a market capitalization under $1 billion, and was off another 3.4 percent today. Ambarella gets 12 percent of its revenue from GoPro as of its latest annual report, the highest percentage among listed GoPro suppliers, and is GoPro’s second largest supplier based on cost-of-goods sold, according to data compiled by Bloomberg.
Here are some things going on today in the world of tech: Tesla’s Body Language Shares of Tesla (TSLA) are up $14.19, or 5%, at $305.32, after Chief Executive Elon Musk yesterday remarked at the company’s annual shareholder meeting that the company is “quite likely” to reach a goal of making 5,000 of its Model 3 sedan per week, by the end of this month, as related by Reuters’s Alexandria Sage and Noel Randewich. Commenting on that annual meeting, Ben Kallo with R.W. Baird this morning reiterates an Outperform rating on Tesla shares, and a $411 price target, writing that the “body language was positive” at the meeting.
Ambarella's (AMBA) Q1 earnings beat estimates, however, substantial decline in sales to GoPro as well as softness in the drone market affects year-over-year growth.
NEW YORK, NY / ACCESSWIRE / June 6, 2018 / Major indexes closed mostly higher Tuesday, lifted by a rally from the technology sector. The Dow Jones Industrial Average decreased 0.06 percent to close at ...
Shares of Ambarella Inc. tumbled more than 11% in premarket trading Wednesday after the company reported an earnings beat but delivered a weak forecast for the current quarter. Oppenheimer analyst Andrew Uerkwitz downgraded the stock to perform from outperform after the report. Shares of Ambarella were down 17% over the past 12 months as of Tuesday's close, while the S&P 500 had gained 13%.
The printer and computer maker is expecting to cut up to 5,000 jobs by the end of fiscal 2019 as part of its restructuring program. Cigna CI – The health insurer was upgraded to "buy" from "neutral" at Goldman Sachs, which also raised its 12-month price target on the stock to $212 per share from $193 a share. Goldman feels Cigna is positioned to continue to increase market share gains in the commercial risk market, among other factors.