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Fly News Breaks for March 4, 2016
GPRO, AMBA
Mar 4, 2016 | 07:55 EDT
Canaccord noted Ambarella reported better than expected Q4 results, beating consensus on both the top and bottom lines. The firm said its long-term conviction regarding the company's leading technology position in several growing end markets, including wearable, security, automotive, and drone cameras, remains intact. Canaccord reiterated its Buy rating and $65 price target on Ambarella shares.
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