Fly News Breaks for March 4, 2020
Mar 4, 2020 | 08:40 EDT
Morgan Stanley analyst Joseph Moore sees proof points that Ambarella "has turned the corner," including its comment that computer vision will be 10% of full year revenues, which he views as a key milestone that underscores increasing traction and implies a strong potential ramp from the professional surveillance end market. While the company did cite substantial trade and coronavirus related headwinds, it still guided for a better than seasonal April and gave a full-year growth estimate that was slightly above his estimate, noted Moore, who keeps an Overweight rating on Ambarella shares.
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