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The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
Ambarella (AMBA) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Shares of apparel retailers were rising fast in late-day trading on Wednesday, with Foot Locker (NYSE: FL) up 7%, Hanesbrands (NYSE: HBI) jumping nearly 11%, and Under Armour (NYSE: UA)(NYSE: UAA) almost 9% higher. While rivals like Walmart (NYSE: WMT) and Target (NYSE: TGT) were allowed to stay open because they also sold food, they continued selling apparel, sporting goods, and other merchandise that the specialty retailers were prohibited from remaining open and selling themselves. Athletic wear may be helping three apparel retailers soar today.
Shares of Ambarella (NASDAQ: AMBA) have tanked today, down by 11% as of 1:45 p.m. EDT, after the company reported fiscal first-quarter earnings. "The unprecedented combination of geopolitical and public health risks, and the associated economic downturn, limit visibility and cause the duration, severity and impact to be unknown." Ambarella repurchased $1 million worth of stock during the quarter and the company's board authorized a $50 million increase to the buyback program.
Cadence's (CDNS) Clarity 3D Solver solution will help Ambarella to address the challenges faced by its next-generation AI vision processors and accelerate the design process.
This summer will start against a backdrop of unprecedented uncertainty, so investors looking to add to their portfolios will want to focus on rock-solid companies like these.
Skyworks (SWKS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
These chipmakers have reduced their reliance on the Chinese smartphone giant while having other tricks up their sleeve.
Ambarella's (AMBA) first-quarter fiscal 2021 results reflect benefits from its transition to a video AI company as well as the growing client base for the company's CV product portfolio.
AMBA earnings call for the period ending April 30, 2020.
Ambarella (AMBA) delivered earnings and revenue surprises of 500.00% and 0.63%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Investors might be reluctant to buy tech stocks in this volatile market, which faces fierce macro headwinds like COVID-19 and the trade war. The growing digital divide between the U.S. and China also makes it increasingly difficult to invest in companies that straddle both markets. Cisco is the world's largest manufacturer of networking routers and switches.
SWKS could pull back for a slightly better buying point, so traders should do some buying at current levels.
The best cybersecurity stocks are well-positioned in cloud-delivered services. Amid Covid-19, more companies are instructing employees to work from home, creating new computer security issues.
Futures rose amid peaceful protests. Coronavirus stock market rally winner Zoom Video earnings crushed views. Tesla and RH lead stocks that have shot up from deep bases.
Zoom Video Inc. on Tuesday managed to assuage the fears of investors that the growth of the popular videoconferencing service would be strong only while people are sheltering in place.
In this article we will check out the progression of hedge fund sentiment towards Under Armour Inc (NYSE:UA) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
Videoprocessing chipmaker Ambarella late Tuesday beat Wall Street's targets for its fiscal first quarter but disappointed with its outlook for the current quarter. AMBA stock fell late.
Shares of Ambarella Inc. fell more than 5% in the extended session Tuesday after the semiconductor design company swung to an adjusted profit in its fiscal first quarter but called for fiscal second-quarter sales below expectations. Ambarella said it lost $15.5 million, or 45 cents a share, in the quarter, compared with a net loss of $17.3 million, or 53 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $1.3 million, or 4 cents a share, versus an adjusted loss of $100,000, breaking even in a per-share basis, a year ago. Sales rose 16% to $55 million, the company said. Analysts polled by FactSet had expected Ambarella to report an adjusted loss of 27 cents a share on sales of $54 million in the quarter. Ambarella said it expects sales around $50 million for the fiscal second quarter, plus or minus 6%. Operating expenses are seen between $31 million and $33 million, the company said. The analysts surveyed by FactSet expect second-quarter sales around $56 million. Ambarella did not address the pandemic directly, but said that the "unprecedented combination of geopolitical and public health risks" will "limit visibility and cause the duration, severity and impact" of a slowdown to be unknown." The long-term outlook for "the higher levels of automation" it enables remains healthy, the company said. The shares ended the regular trading session 6.5% higher.
Shares of Ambarella (NASDAQ:AMBA) fell 4% in after-market trading after the company reported Q1 results.Quarterly Results Earnings per share were up 300% over the past year to $0.04, which beat the estimate of ($0.01).Revenue of $54,645,000 higher by 15.80% from the same period last year, which beat the estimate of $54,310,000.Looking Ahead Ambarella hasn't issued any earnings guidance for the time being.How To Listen To The Conference Call Date: Jun 02, 2020Time: 04:30 PMView more earnings on AMBAET Webcast URL: https://edge.media-server.com/mmc/p/izki6qxzRecent Stock Performance 52-week high: $73.5952-week low: $36.02Price action over last quarter: Up 12.34%Company Profile Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm's solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella's system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. The firm derives majority of revenue from Taiwan.See more from Benzinga * Charles Schwab: P/E Ratio Insights * Stocks That Hit 52-Week Lows On Tuesday * A Peek Into Aduro Biotech's P/E Ratio(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SANTA CLARA, Calif., June 02, 2020 -- Ambarella, Inc. (NASDAQ: AMBA), an AI vision silicon company, today announced financial results for its first quarter of fiscal year 2021.
The number of Americans with confirmed case of the coronavirus that causes COVID-19 climbed above 1.8 million on Tuesday, amid concerns that protests about the death of George Floyd last week, and people gathering in groups as lockdowns are lifted, will spark a fresh wave of infections.
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them.
A hint of optimism is wafting through an M&A market desperately in need of some good news. “The market is starting to open up,” one banker said. In a market devastated by coronavirus, that counts as progress.