- With the help of a market rally, Ambarella (AMBA +4.5%) has rallied to fresh highs even as top customer GoPro continues to trade nearly 60% below its September highs. Today's gains come on volume of 2.15M shares vs. a 3-month daily average of 1.97M.
- The video processor developer now trades for 32x its FY16 (ends Jan. '16) EPS consensus of $2.24; the FY16 revenue growth consensus is at 29.3%. A hefty 9.2M shares (32% of the float) were shorted as of Feb. 27.
- Two weeks ago: Ambarella jumps thanks to strong FQ1 guidance
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