Ambarella: Timing Issues Impact Confidence
- Ambarella trades down sharply after concerning statements regarding revenue growth.
- The stock continues to trade at PS multiples that are lofty for decelerating revenue levels.
- Even with the stock down $50, AMBA remains a difficult stock to own at these values.
After the close on Tuesday, Ambarella (NASDAQ:AMBA) again smashed analyst estimates, though it didn't help the stock. The stock was already down significantly since the warning in early July that it was already fully priced due to drone hype.
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