Earnings Estimate Forecast on Ambarella, Inc.(AMBA)

Ambarella, Inc.(AMBA): For the most recent quarter end, Ambarella, Inc. reported Annual Earnings of $0.84. Based on the filings, last years Annual Earnings was, $2.49. For the most recent quarter end, AMBA reported a surprise Earnings per Share of 23.53% . The consensus estimate for current quarter is $0.49 and for the current fiscal year, the estimate is $1.67. For the Next fiscal year, the estimate is $2.05 based on the consensus.

Ambarella Inc Last issued its quarterly earnings results on Dec 1, 2016. The company reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.17. Analyst had a consensus of $0.94. The company had revenue of $100.50 million for the quarter, compared to analysts expectations of $97.30 million. The companys revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Company has reported several Insider transactions to the SEC, on Dec 16, 2016, George Laplante (CFO) sold 4,476 shares at 54.21 per share price.On Dec 16, 2016, Christopher Day (VP, Marketing) sold 1,656 shares at 54.21 per share price.On Dec 16, 2016, Leslie Kohn (CTO) sold 5,083 shares at 54.21 per share price.

Ambarella, Inc. (NASDAQ:AMBA) witnessed a decline in the market cap on Wednesday as its shares dropped 0.12% or 0.07 points. After the session commenced at $57.85, the stock reached the higher end at $58.49 while it hit a low of $57.05. With the volume soaring to 738,905 shares, the last trade was called at $57.64. The company has a 52-week high of $74.949. The company has a market cap of $1,909 million and there are 33,112,114 shares in outstanding. The 52-week low of the share price is $35.26.

Ambarella, Inc. develops video compression and image processing semiconductors. The Companys products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California.


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