Ambarella Pops On Profit; Investors Hungry For ‘Wolf’

By | June 3, 2015

Scalper1 News

Ambarella (AMBA) got an upgrade and price target hikes Wednesday after the GoPro (GPRO) video chip supplier reported its fourth straight quarter of earnings and revenue growth acceleration. The “magnitude of upside continues to astound,” Pacific Crest Securities analyst Brad Erickson said in a research report Wednesday, “as Ambarella beat expectations on broad-based strength and guided July-quarter revenue $12 million to $16 million ahead of Scalper1 News

Scalper1 News