Information Provided By:
Fly News Breaks for September 2, 2015
AMBA
Sep 2, 2015 | 07:10 EDT
After Ambarella reported stronger than expected Q2 results and provided in-line Q3 revenue guidance but the stock fell, Stifel says the company's guidance is "prudent." The firm remains upbeat on the company's technology and market opportunity. It keeps a $115 price target and Buy rating on the shares.