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Fly News Breaks for September 2, 2015
AMBA
Sep 2, 2015 | 07:32 EDT
Canaccord said Ambarella reported strong Q2 results with solid improvements in earnings, revenues and margins. The firm noted the company's guidance was below consensus for the first time, but maintains the belief its product portfolio will maintain strong market share as it diversifies. Canaccord reiterated its Buy rating but lowered its price target to $105 from $122 on Ambarella shares.
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