09-02-2016, 12:29 AM
We have to agree with that, the stock has rallied over 100% from the lows in March and April..
Ambarella is scheduled to report FQ2 earnings after the closed on September 1. The stock has rallied over 100% off the lows in part due to excitement over the release of two key products my previous top customer GoPro. Without the GoPro products shipping, the market is bound to face disappointment over the guidance for FQ3.
Ambarella: Market Expects Too Much From FQ3 Guidance - Ambarella (NASDAQ:AMBA) | Seeking Alpha