Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Ambarella Stock a Buy?

TheMotleyFool

0 0

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.

Image source: Getty Images.

Source Fool.com

Like: 0

AMBA

Share