Ambarella

Ambarella Inc: Channel Checks Point to Earnings Miss, Significant Downside

Prescience Investment Group, the short biased value research firm, has just issued a strong sell on Ambarella Inc (NASDAQ:AMBA). Their channel checks point to earnings Miss, and they see significant downside.  They believe that the stock which is trading at $15.05 in pre market hours, is worth closer to $11.40 a share.

We believe Ambarella Inc (NASDAQ:AMBA) (“AMBA” or “the company”) will miss the Street’s FQ3’14 consensus estimates, resulting in downward revisions to . . .

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