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Ambarella (AMBA) Looks Good: Stock Adds 9.4% in Session

Ambarella, Inc.AMBA was a big mover last session, as the company saw its shares rise over 9% on the day. Shares gained after the company released better-than-expected first-quarter fiscal 2017 results. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 31.4% since May 12, 2016.

The company has seen one negative estimate revision in the last 30 days, while the Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Ambarella has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

A better-ranked stock in the Semiconductor industry is Amkor Technology, Inc. AMKR , sporting a Zacks Rank #1 (Strong Buy).

Is AMBA going up? Or down? Predict to see what others think: Up or Down

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AMKOR TECH INC (AMKR): Free Stock Analysis Report

AMBARELLA INC (AMBA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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