Ambarella, Inc. (AMBA - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. Shares gained after the company released better-than-expected first-quarter fiscal 2017 results. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 31.4% since May 12, 2016.
The company has seen one negative estimate revision in the last 30 days, while the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ambarella has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the Semiconductor industry is Amkor Technology, Inc. (AMKR - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is AMBA going up? Or down? Predict to see what others think: Up or Down
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Ambarella, Inc. (AMBA - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. Shares gained after the company released better-than-expected first-quarter fiscal 2017 results. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 31.4% since May 12, 2016.
The company has seen one negative estimate revision in the last 30 days, while the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ambarella has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the Semiconductor industry is Amkor Technology, Inc. (AMKR - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is AMBA going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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