Information Provided By: 
Fly News Breaks for March 2, 2017
GPRO, AMBA
Mar 2, 2017 | 07:59 EDT
Canaccord analyst Matthew Ramsay noted Ambarella (AMBA) reported above consensus Q4 earnings and revenue, driven by strong GoPro (GPRO) chip sell-in and inventory build along with solid growth in home security, drone, and other camera sales. He believes investors have been waiting for Ambarella to decouple from GoPro and sees new design wins ramping, which will position the company to return to sustainable and less volatile growth. Ramsay reiterated his Buy rating and lowered his price target to $72 from $78 on Ambarella shares.
News For AMBA;GPRO From the Last 2 Days
There are no results for your query AMBA;GPRO
