Ambarella, Inc. (NASDAQ:AMBA) is reporting third quarter financial results on Monday 23rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AMBA is expected to report 3Q21 income of $ 0.05 per share from revenue of $ 55.04 million.
For the full year, analysts anticipate top line of $ 212.00 million, while looking forward to income of $ 0.16 per share bottom line.
The Company Outlook
Revenue for 3Q21 are expected in a range of $ 52.00 million ~ $ 56.00 million
Click Here For More Historical Outlooks Of Ambarella, Inc.
Previous Quarter Performance
Ambarella, Inc. recorded income for the second quarter of $ 0.06 per share, from the revenue of $ 50.11 million. The quarterly earnings dropped 71.43 percent while revenues fell 11.17 percent compared with the same quarter last year.
Street analysts expected Ambarella, Inc. to report loss of $ 0.02 per share on revenue of $ 50.03 million for the second quarter. The bottom line results beat street analysts by $ 0.08 or 400.00 percent, at the same time, top line results outshined analysts by $ 0.08 million or 0.16 percent.
Stock Performance
Shares of Ambarella, Inc. traded up $ 1.12 or 1.71 percent on Friday, reaching $ 66.46 with volume of 635.30 thousand shares. Ambarella, Inc. has traded high as $ 66.98 and has cracked $ 64.71 on the downward trend
According to the previous trading day, closing price of $ 66.46, representing a 81.43 % increase from the 52 week low of $ 36.02 and a 11.2 % decrease over the 52 week high of $ 73.59.
The company has a market capital of $ 2.30 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Rosenblatt Securities at Buy rating, with $ 65.00 target price.
Conference Call
Ambarella, Inc. will be hosting a conference call at 4:30 PM eastern time on 23rd November 2020, to discuss its 3Q21 financial results with the investment community. The participants may dial, 877-304-8963 Toll Free, (United States) or 760-666-4834 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.ambarella.com
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The companys system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
