Tag Archives: amba

Picture This: Ambarella, GoPro Dive To 3-Month Lows

Amid the market’s broad sell-off, Ambarella (AMBA) and GoPro (GPRO) hit three-month lows in the stock market today. Ambarella has been getting a lot of heat from short-seller Citron Research, which says that the chipmaker’s valuation is “ridiculous.” The chipmaker’s shares gapped down 7.5% in heavy trade, marking a fourth straight day of losses. The stock is now down about 30% from its all-time high, reached on July 23. Citron published a report

Facebook, GoPro Lead 4 Techs On Rising EPS Estimates

We’re now in the thick of earnings season, and unanticipated reactions to company results have kept investors on their toes. Today’s Screen of the Day is Rising Estimates, which looks at stocks that have the greatest increase in earnings estimate revisions. That means analysts are betting on strong future results. Four hot tech stocks made it on the list: (FB), (GPRO), (AMBA) and (CMCM). Facebook Price Target Hikes Facebook is expected to see

Ambarella Price Target Hiked On Drones, VisLab Deal

Ambarella (AMBA) got a price target increase Tuesday from an analyst who is bullish about its technology differentiation, VisLab acquisition and opportunities in the drone market. “We believe the drone market should roughly double each of the next couple years, growing from 1.5 million units in 2014 to 3.2 million, 5.9 million and around 10 million units from 2015 to 2017,” Canaccord Genuity analyst Matthew Ramsay said in a research report