Ambarella, Inc. (NASDAQ:AMBA) is set to announce second quarter earning results on Wednesday 2nd September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AMBA to report 2Q21 loss of $ 0.02 per share from revenue of $ 50.03 million.
For the full year, analysts anticipate top line of $ 212.88 million, while looking forward to income of $ 0.06 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 47.00 million ~ $ 53.00 million
Previous Quarter Performance
Ambarella, Inc. announced income for the first quarter of $ 0.04 per share, from the revenue of $ 54.65 million. The quarterly earnings 300.00 percent compared with the same quarter last year. According to street consensus, AMBA was expected to report 1Q21 loss of $ 0.01 per share from revenue of $ 54.31 million. The bottom line results beat street analysts by $ 0.05 or 500.00 percent, at the same time, top line results outshined analysts by $ 0.34 million or 0.63 percent.
Shares of Ambarella, Inc. traded up $ 3.85 or 7.30 percent on Tuesday, reaching $ 56.55 with volume of 1.19 million shares. The stock opened positive for the day at $ 52.95, after closing the previous day trading at $ 52.70.
According to the previous trading day, closing price of $ 52.70, representing a 46.31 % increase from the 52 week low of $ 36.02 and a 28.39 % decrease over the 52 week high of $ 73.59.
The company has a market capital of $ 1.94 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 7th July 2020, upgraded by Needham & Company LLC to Buy from Underperform rating.
Ambarella, Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd September 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, 877-304-8963 U.S. 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 edge.media-server.com/mmc/p/jyexupp7
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.