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Fly News Breaks for September 14, 2015
AMBA
Sep 14, 2015 | 07:35 EDT
After multiple meetings with Ambarella's management, Stifel is more confident that the company's revenue growth can significantly exceed the industry average. The firm says that the company's technology is at least a year ahead of that of its competitors, while the gap continues to widen. Stifel says that the company has not changed its long-term outlook for 20%-30% annual revenue growth and 27%-33% operating margin. The firm keeps a Buy rating on the shares.
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