Why Ambarella Stock Just Crashed
Ambarella (NASDAQ: AMBA) stock tumbled 14.4% through 10 a.m. ET Wednesday morning despite beating easily on earnings last night.
Analysts forecast the maker of image-processing semiconductor chips would earn $0.21 per share on quarterly sales of $104.1 million; Ambarella actually reported a $0.27 per share profit and sales of $106.5 million.
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Source Fool.com
Ambarella Inc. Stock
€56.38
-3.540%
Ambarella Inc. is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
As a result the target price of 86 € shows a very positive potential of 52.54% compared to the current price of 56.38 € for Ambarella Inc..
