Is Ambarella Stock a Buy?
Share prices of Ambarella (NASDAQ: AMBA) hit an all-time high after the chipmaker posted its second-quarter earnings on Aug. 31. Its revenue rose 58% year over year to $79.3 million, beating estimates by $3.4 million. Its non-GAAP net income rose more than sixfold to $13.1 million, or $0.35 per share, and beat estimates by a dime.
Ambarella might be a lesser-known chipmaker, but its stock has rallied more than 120% over the past 12 months. Let's see why it attracted so many bulls, and whether or not it still has more room to run.
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Source Fool.com


