Ambarella Has Lots of Cash
Ambarella, Inc.'s (NASDAQ: AMBA) stock has sold off roughly 15% since it reported its quarterly earnings on June 6. Most of the negative sentiment is associated with what the company is forecasting as a flat year for revenue due in large part to the anticipated loss of GoPro, Inc. as a customer.
Although management is forecasting 25% revenue growth this year at the midpoint of guidance excluding GoPro and building a business in computer vision chips, investors are having trouble looking past the near-term numbers. And that might be presenting an opportunity for those with a long-term perspective.
This company has a secret weapon on its balance sheet: lots of cash and no long-term debt, which can power the company through to the introduction of its new computer vision product line slated to bring in revenue next year.
Source: Fool.com
Ambarella Inc. Stock
With 18 Buy predictions and not the single Sell prediction the community is currently very high on Ambarella Inc..
With a target price of 86 € there is a slightly positive potential of 14.51% for Ambarella Inc. compared to the current price of 75.1 €.
