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Ambarella (AMBA) Live Earnings Preview
On Thursday, Ambarella, Inc. will release earnings for the Q1 of fiscal year 2017. Ambarella (AMBA - Free Report) is a #3 Buy according to the Zacks Rank. Join David Bartosiak at 2:00 pm CST on Facebook Live for a preview of Ambarella earnings along with real-time trade ideas.
Ambarella is a leading producer of image processing chips used within security IP-cameras, sports cameras, and automotive video processing solutions. Their compression chips are also used in broadcasting TV programs worldwide. Ambarella's rise to prominence came with the explosive growth of action cameras, like this produced by GoPro (GRPO).
Ambarella has beaten earnings estimates 12 of the last 14 quarters. Despite the track record of beats, brokers have been lowering their 2016 and 2017 estimates. Reports by Pacific Crest point to weakening demand for GoPro's sports cameras.
AMBARELLA INC Price and Consensus
AMBARELLA INC Price and Consensus | AMBARELLA INC Quote
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David Bartosiak is the editor of the Momentum Trader and Home Run Investor service. David also publishes weekly videos with Trending Stocks. He has over a decade of experience in the financial services industry. He has traded forex, futures, stocks, and options. Mr. Bartosiak is a frequent guest on popular business news TV channels such as Bloomberg TV. He’s also the host of a light-hearted, Millennial-minded series of videos called “Trending Stocks.”
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