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Fly News Breaks for September 2, 2015
GPRO, AMBA
Sep 2, 2015 | 07:35 EDT
Pacific Crest says that timing and mix issues negatively affected Ambarella's guidance. However, the firm thinks that the company retains a monopoly on GoPro cameras, while the remainder of its business is growing over 60% year-over-year. The firm expects the company to benefit from the launch of new high-end GoPro products in 1H16. It keeps an Overweight rating on the shares.
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