S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
Log in

Ambarella (AMBA) Scheduled to Post Earnings on Tuesday

Tuesday, February 23, 2021 | MarketBeat

Ambarella (NASDAQ:AMBA) is scheduled to be releasing its earnings results after the market closes on Tuesday, March 2nd. Analysts expect Ambarella to post earnings of ($0.35) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Sunday, November 22nd. The semiconductor company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $56.09 million during the quarter, compared to analysts' expectations of $54.09 million. Ambarella had a negative net margin of 27.64% and a negative return on equity of 12.74%. On average, analysts expect Ambarella to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AMBA opened at $121.41 on Tuesday. The business's 50 day moving average is $109.43 and its 200-day moving average is $74.70. The stock has a market cap of $4.27 billion, a PE ratio of -68.98 and a beta of 1.49. Ambarella has a twelve month low of $36.02 and a twelve month high of $128.93.

In other news, Director Teresa H. Meng sold 958 shares of Ambarella stock in a transaction on Tuesday, December 22nd. The stock was sold at an average price of $92.00, for a total transaction of $88,136.00. Following the transaction, the director now owns 3,936 shares in the company, valued at $362,112. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Leslie Kohn sold 24,970 shares of the company's stock in a transaction on Wednesday, December 16th. The shares were sold at an average price of $90.08, for a total value of $2,249,297.60. Following the transaction, the chief technology officer now directly owns 889,020 shares in the company, valued at $80,082,921.60. The disclosure for this sale can be found here. Insiders have sold 92,603 shares of company stock valued at $8,026,813 over the last ninety days. Insiders own 5.69% of the company's stock.

AMBA has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on Ambarella from $63.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, November 24th. Zacks Investment Research upgraded shares of Ambarella from a "sell" rating to a "hold" rating and set a $130.00 price objective on the stock in a research note on Friday. Rosenblatt Securities increased their target price on shares of Ambarella from $82.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, December 3rd. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a research report on Monday, November 23rd. Finally, Roth Capital upgraded shares of Ambarella from a "neutral" rating to a "buy" rating and raised their price objective for the company from $95.00 to $130.00 in a research note on Wednesday, January 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company's stock. The stock presently has an average rating of "Buy" and a consensus price target of $87.00.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

Read More: Support Level

Earnings History for Ambarella (NASDAQ:AMBA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Infrastructure Stocks That May Help Rebuild America

Despite their disagreements (real or imagined) on almost everything, Democrats and Republicans alike love infrastructure projects. These are easy wins for Congressional leaders seeking re-election. And they typically spur job creation, which contributes to economic growth.

With that in mind, it’s ironic that, in the last four years, the United States Congress did not pass an infrastructure bill.

Nevertheless, even with (and maybe because of) the gridlock that looks to be in the country’s future, the infrastructure looks to be on the front burner again. The economic recovery is still far from complete. Unfortunately, neither are America’s roads, energy grid, telecommunications systems, and the like. That means that it would seem like a good policy for a Biden administration to look at an infrastructure bill.

Biden will be under pressure to endorse the $1.5 trillion infrastructure package that the Democrat-controlled House of Representatives passed in July. But the package may need to be tweaked a bit since it currently includes climate change initiatives that have kept the bill from advancing through the Senate.

However, it appears that the economy will need some significant juice after whatever this winter brings in terms of the virus. And if calmer heads prevail (we can always hope), there may be a major infrastructure bill to stimulate job creation. And we’ve identified seven stocks that should bear watching if this comes to pass.

View the "7 Infrastructure Stocks That May Help Rebuild America".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.