What's Going On With Ambarella Stock After Earnings?
What's Going On With Ambarella Stock After Earnings?
"In our second quarter, we achieved record revenue for our edge AI inference products, and we are anticipating double-digit sequential growth in our total revenue for the third quarter," said Ambarella, Inc. (NASDAQ:AMBA) shares are trading higher Wednesday after the company posted better-than-expected second-quarter results. Here's a look at the details from the report.
摩根士丹利（NASDAQ:AMBA）的股票正在週三交易中上漲，因公司發佈了超出預期的第二季度業績。以下是報告的詳細信息。
The Details:
細節：
Ambarella beat analyst expectations on the top and bottom lines with quarterly losses of 13 cents per share and revenue of $63.724 million.
安霸（Ambarella）在每股虧損13美分和營業收入6,372.4萬美元的季度上超過了分析師的預期。
"In our second quarter, we achieved record revenue for our edge AI inference products, and we are anticipating double-digit sequential growth in our total revenue for the third quarter," said Fermi Wang, President and CEO.
公司總裁兼首席執行官Fermi Wang表示：「在我們的第二季度中，我們實現了邊緣人工智能推理產品的創紀錄營業收入，並預計我們第三季度的總收入將實現兩位數的環比增長。」
"Company specific drivers are more than offsetting the mixed global economic environment. We are now realizing initial revenue ramps from certain IoT and Automotive customers, especially from our new products. "
公司特定的驅動因素超過了複雜的全球經濟環境。我們現在正在實現來自某些物聯網和汽車客戶的初始營業收入增長，特別是來自我們的新產品。”
Multiple analysts updated coverage on Ambarella following the print:
多名分析師對安霸股票進行了更新:
- Craig-Hallum analyst Richard Shannon maintained Ambarella with a Buy and raised the price target from $80 to $85.
- Morgan Stanley analyst Joseph Moore maintained an Overweight rating and raised the price target from $67 to $73.
- Needham maintained its Buy rating and $90 price target on the stock.
- TD Cowen analyst Matthew Ramsay maintained a Hold rating and raised the price target from $65 to $75.
- Stifel maintained its Buy rating and raised the price target from $75 to $80.
- 克雷格哈勒姆（Craig-Hallum）分析師理查德·香農（Richard Shannon）維持了對安霸的買入評級，並將目標價從80美元上調至85美元。
- 摩根士丹利（Morgan Stanley）分析師約瑟夫·爾（Joseph Moore）維持了超配評級，並將目標價從67美元上調至73美元。
- Needham維持了對該股票的買入評級和90美元的目標價。
- TD Cowen分析師Matthew Ramsay維持了對該股票的持有評級，並將目標價從65美元上調至75美元。
- Stifel維持了對該股票的買入評級，並將目標價從75美元上調至80美元。
AMBA Stock Prediction 2024:
AMBA股票2024年預測：
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
股權研究是了解公司基本面的寶貴來源。分析師們基於公司的基本面和預期的未來收益創建財務模型，以得出股票的價格目標和建議。
Shares of Ambarella have an average 1-year price target of $78.08, representing an expected upside of 47.91%.
Ambarella的股票平均1年目標價爲78.08美元，預計上漲幅度爲47.91%。
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Ambarella, while 10 analysts have bullish ratings. The street high price target from Needham is $90, while the street low from Wells Fargo is $55.
因爲假設不同，分析師們可能得出非常不同的目標價和建議。沒有分析師對Ambarella持有看淡的建議，而有10位分析師給予看好的評級。Needham最高目標價爲90美元，而Wells Fargo最低目標價爲55美元。
AMBA Price Action: According to Benzinga Pro, Ambarella shares are up 12.7% at $59.47 at the time of publication Wednesday.
AMBA股票價格動態：根據Benzinga Pro的數據，在週三發佈時，Ambarella股票上漲12.7%，股價爲59.47美元。
Read Also:
閱讀更多：
- SentinelOne Reports Q2 Results: EPS In-Line, Revenues Beat
- SentinelOne報告Q2業績：每股收益符合預期，收入超預期
Image: Courtesy of Ambarella, Inc.
