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Stock Market & Financial Investment News

News Breaks
July 2, 2014
09:45 EDTAMBA, GRMNDougherty believes Garmin in process to switching to Ambarella silicon
Dougherty believes Garmin (GRMN) is in the process of switching to Ambarella (AMBA) silicon from CSR silicon for their next-gen Virb camera.
News For AMBA;GRMN From The Last 14 Days
Check below for free stories on AMBA;GRMN the last two weeks.
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September 18, 2014
07:26 EDTGRMNGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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September 10, 2014
11:37 EDTGRMNGarmin bounces back, Fossil continues slide after Apple Watch unveiled
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08:48 EDTGRMNGarmin unlikely to be derailed by Apple Watch, says Oppenheimer
Oppenheimer does not view Apple Watch as "a category killer" in the running or fitness band markets. The firm says that the necessity of pairing the Apple Watch with an iPhone, along with Apple Watch's use of a built-in optical hear rate sensor which is likely to be prone to malfunction are disadvantages. Additionally, Apple Watch's price is much higher than the prices that Garmin (GRMN) charges for its watches, while the Apple Watch's battery life is likely much shorter, according to Oppenheimer. The firm keeps an Outperform rating on Garmin.
07:18 EDTGRMNApple Watch does not compete with Garmin, says Citigroup
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September 9, 2014
14:03 EDTGRMNGarmin down 3% after Apple confirms launch of Apple Watch
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September 5, 2014
10:05 EDTAMBAGoPro climbs after supplier results beat expectations
Shares of GoPro (GPRO) are climbing after Ambarella (AMBA), which provides chips for processing video, reported stronger than expected results last night. GoPro develops mountable and wearable cameras. WHAT'S NEW: Ambarella reported second quarter earnings per share of 37c, versus analysts' consensus estimate of 28c. The company's revenue came in at $47M, compared with the consensus outlook of $44.67M. "We are delighted with our second quarter financial results," said Ambarella CEO Fermi Wang "We achieved revenue of $47M reflecting the success of our HD and Ultra-HD camera solutions in the expanding IP security camera, UAV and wearable sports camera markets," Wang added. ANALYST REACTION: Ambarella's results indicate that GoPro's near-term trends are tracking at least in-line with its guidance, wrote Piper Jaffray analyst Sean Naughton in a note to investors today. The analyst, who noted that Ambarella is a key GoPro supplier, raised his price target on GoPro to $60 from $48 and kept an Overweight rating on the shares. PRICE ACTION: In early trading, GoPro rose 3% to $54.50, while Ambarella jumped 8% to $39.
09:16 EDTAMBAOn The Fly: Pre-market Movers
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07:19 EDTAMBAAmbarella price target raised to $44 from $39 at Stifel
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07:19 EDTAMBAGoPro price target raised to $60 from $48 at Piper Jaffray
Piper Jaffray raised its price target for GoPro (GPRO) shares to $60 saying it remains positive on the company's near- and long-term outlook. Piper believes GoPro's near-term trends are tracking at least in-line with guidance following yesterday's strong results by supplier Ambarella (AMBA). The firm recommends using any weakness in the stock as a buying opportunity and keeps an Overweight rating on the name.
05:26 EDTAMBAAmbarella price target raised to $42 from $37 at Ascendiant
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