AMBA - What's Going On With Ambarella Stock Today? | Benzinga
Ambarella, Inc (NASDAQ: AMBA) shares are trading lower Wednesday after the company reported second-quarter results and issued weak guidance. Multiple analysts lowered price targets following the print.
What Happened: Ambarella said second-quarter revenue fell 23% year-over-year to $62.12 million, which beat estimates of $62.05 million. The company reported a quarterly loss of 15 cents per share, which beat estimates for a loss of 21 cents per share.
"The near-term environment is very challenging, as customers ...