Why Ambarella (AMBA) Stock Is Up Today

NEW YORK (TheStreet) -- Ambarella (AMBA) was gaining 4.3% to $43.59 Monday after GoPro (GPRO) announced three new cameras.

Among the new cameras are the HERO4 Black, GoPro's new flagship device that's capable of shooting 4K video, and the HERO4 Silver, the first GoPro camera with a built-in touch display. The company also announced the new HERO camera, an entry-level device that starts at $129.

GoPro uses Ambarella's system-on-a-chip video processors in its sports cameras.

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The new cameras go on sale on October 5.

TheStreet Ratings team rates AMBARELLA INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate AMBARELLA INC (AMBA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including premium valuation, weak operating cash flow and disappointing return on equity."

 

You can view the full analysis from the report here: AMBA Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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