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Fly News Breaks for June 7, 2017
AMBA
Jun 7, 2017 | 08:59 EDT
Roth Capital analyst Suji Desilva noted Ambarella's Q1 results were slightly ahead of consensus and Q2 guidance was just below consensus, pointing out that its overall demand patterns are stabilizing following its prior content loss at "a lead wearable customer." The company's reiteration of full-year guidance affirms its "healthy diversified growth," said Desilva, who keeps a Buy rating and $65 price target on Ambarella shares.
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