Post-Earnings Review – Ambarella

LONDON, September 16, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings analysis and insight on Ambarella Inc. (NASDAQ: AMBA). The company reported its financial results for Q2 FY15 on Thursday, September 04, 2014. During Q2 FY15, Ambarella Inc.'s revenue increased 24.6% Y-o-Y, and GAAP net income grew $0.08 per diluted ordinary share, from Q2 FY14. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

During Q2 FY15, Ambarella Inc.'s revenue increased to $46.97 million, from $37.71 million in the preceding year quarter. The company's revenue during the reported quarter outperformed Bloomberg analysts' forecasts of $44.68 million. The company's GAAP gross margin during the reported quarter improved to 65.0%, from 61.8% in Q2 FY14. Ambarella Inc.'s GAAP net income for Q2 FY15 stood at $9.31 million, or $0.29 per diluted ordinary share, compared with $6.25 million, or $0.21 per diluted ordinary share, in the prior year quarter. Analysts from Bloomberg were anticipating the company to report GAAP net income of $6.58 million, or $0.19 per diluted ordinary share, during Q2 FY15. Further, on non-GAAP basis, the company's net income for the reported quarter broadened to $11.94 million, or $0.37 per diluted ordinary share, from $7.69 million, or $0.26 per diluted ordinary share, in the year ago quarter. The free research on AMBA can be downloaded as in PDF format at:

http://www.Investor-Edge.com/AMBAFreeReport

For the six months ended July 31, 2014, the company's revenue increased 22.7% to $87.89 million, from $71.65 million for the six months ended July 31, 2013. The company's GAAP gross margin for the six months ended July 31, 2014 improved to 63.9% from 62.8% in the six months ended July 31, 2013. Ambarella Inc.'s GAAP net income for the six months ended July 31, 2014 stood at $14.57 million, or $0.46 per diluted ordinary share, compared with $11 million, or $0.37 per diluted ordinary share, for the six month period ended July 31, 2013. In addition, the company's non-GAAP net income for the six months ended July 31, 2014 increased to $19.77 million, or $0.62 per diluted ordinary share, from $13.89 million, or $0.47 per diluted ordinary share, in the year ago comparable period.

Fermi Wang, President and CEO of Ambarella Inc., stated that the company was delighted with the second quarter financial results. He stated that the company's revenue of $47.0 million reflected the success of its HD and Ultra-HD camera solutions in the expanding IP security camera, UAV and wearable sports camera markets. Sign up and read the free analyst's notes on AMBA at:

http://www.Investor-Edge.com/AMBA-16092014

Stock Performance 

A day after the earnings release, on September 05, 2014, Ambarella Inc.'s shares gained 3.16%, ending the session at $36.90. However, the stock has fallen by 6.72% since then, and on the last close, Monday, September 15, 2014, it finished at $34.42, 6.65% below its previous day's closing price. The stock vacillated between $34.10 and $37.15 during the last session. A total of 2.29 million shares were traded, which was above its three months average volume of 1.22 million shares. Over the last one month and from the beginning of 2014, the company's shares have advanced 18.12% and 1.56%, respectively, although, the shares have declined 8.04% in the previous three trading sessions. Ambarella Inc.'s shares are trading above their 50-day and 200-day moving averages of $31.50 and $29.02, respectively. Further, the stock traded at a PE ratio of 36.62 and has a Relative Strength Index (RSI) of 67.67. Visit Investor-Edge and access the latest research on AMBA at:

http://www.Investor-Edge.com/AMBAEarningsCoverage

Sneak Peek to Corporate Insider Trading  

In the last one month, there were twelve insider transactions made by four insiders. On August 25, 2014, Les Kohn, CTO and Board Member of Ambarella Inc., bought a total of 20,000 shares of the company, worth $168,396.80, at an average price of $8.42 per share, while on the same day he sold an equal number of shares for $640,000, at an average price of $32.00 per share. On August 29, 2014 Didier LeGall, Executive Vice President of Ambarella Inc., purchased 10,000 shares of the company worth $29,300 at a price of $2.93 per share, while on September 10, 2014, he sold a total of 15,000 shares for $558,392, at an average price of $37.23 per share. On September 09, 2014, Christopher B. Paisley, Director at Ambarella Inc., bought 1,500 shares of the company, worth $9,000, at a price of $6.00 per share, while on the same day, he sold equal number of shares for $58,558.50, at an average price of $39.04 per share. Further, on September 09, 2014, Fermi Wang, Chairman, President and CEO of Ambarella Inc., disposed 15,000 shares of the company, for $581,815.10, at an average price of $38.79 per share. Complimentary in-depth research on AMBA is available at:

http://www.Investor-Edge.com/AMBAInsiderTrading

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