Analysts Lower Ambarella Price Targets: Shifting Focus From Earnings To Underlying Tech Amid Market Weakness
Analysts Lower Ambarella Price Targets: Shifting Focus From Earnings To Underlying Tech Amid Market Weakness
Ambarella Inc (NASDAQ:AMBA) reported a second-quarter FY23 revenue decline of 23% year-on-year to $62.12 million, beating the consensus of $62.05 million. EPS of $(0.15) beat the estimate of $(0.21).
Ambarella Inc 納斯達克股票代碼：AMBA）報告稱，23財年第二季度收入同比下降23％，至6,212萬美元，超過了共識的6,205萬美元。每股收益爲0.15美元，超過預期的0.21美元。
The company sees third-quarter revenue of $50 million, plus or minus 4%, versus estimates of $67.6 million. Adjusted gross margin is expected to be between 62% and 64%.
該公司預計第三季度收入爲5000萬美元，正負4％，而預期爲6,760萬美元。調整後的毛利率預計在62％至64％之間。
Analysts updated coverage on the company.
分析師更新了對該公司的報道。
Morgan Stanley (Joseph Moore): Overweight, Lowers Price Target From $89 To $81
摩根士丹利（約瑟夫·摩爾）：增持，將目標價從89美元下調至81美元
"The severity of revenue weakness is quite surprising to us, in the context that the company's biggest market (professional surveillance) is seeing a transition to computer vision (CV) technology that has more than 2x higher price points, and the automotive segment is still seeing the benefit of a number of design wins."
“收入疲軟的嚴重性令我們感到非常驚訝，因爲該公司最大的市場（專業監控）正在向價格高出2倍以上的計算機視覺（CV）技術過渡，而汽車領域仍能從多項設計勝利中受益。”
"Given the lack of earnings visibility near term, and the lack of certainty around longer term opportunities, we think that investor focus will shift towards the value of the underlying technology rather than conviction about earnings power."
“鑑於短期內缺乏收益可見性，以及對長期機會缺乏確定性，我們認爲投資者的注意力將轉移到基礎技術的價值上，而不是對盈利能力的信念上。”
Rosenblatt (Kevin Cassidy): Buy, Lowers Price Target From $95 To $85
羅森布拉特（凱文·卡西迪）：買入，將目標價從95美元下調至85美元
"While we expected an October guidance below consensus, Ambarella's end markets, particularly consumer surveillance video, end demand has weakened much more than we had expected. The second half of a year seasonal uptick will not happen this year. This has resetting estimates well below our previous estimates."
“儘管我們預計10月份的預期將低於共識，但安霸的終端市場，尤其是消費者監控視頻，終端需求的疲軟程度遠遠超過我們的預期。今年下半年不會出現季節性上漲。這使重置的估計值遠低於我們之前的估計。”
"End demand for professional surveillance camera is healthy, though inventory lingers. Management is turning to China automotive tier 1s with the lower cost CV72."
“儘管庫存揮之不去，但對專業監控攝像機的最終需求是健康的。管理層正在轉向成本更低的CV72的中國一級汽車。”
Needham (N. Quinn Bolton): Buy, Lowers Price Target From $100 To $90
Needham（N. Quinn Bolton）：買入，將目標價從100美元下調至90美元
"IoT is very weak. Management is experiencing more aggressive inventory corrections and end-market weakness now, but expects the channel to clear by FYE24."
“物聯網非常薄弱。管理層現在正在經歷更激進的庫存調整和終端市場疲軟，但預計該渠道將在 FYE24 之前清空。”
"While the non-core IoT business continues to experience broad weakness, the automotive pipeline is likely building and the company is making progress with AI Inferencing."
“儘管非核心物聯網業務繼續面臨廣泛疲軟，但汽車渠道可能正在建立，該公司在人工智能推理方面正在取得進展。”
Price Action: AMBA shares are trading lower by 18.14% at $62.03 on the last check Wednesday.
價格走勢: 在週三的最後一張支票中，AMBA股價下跌18.14％，至62.03美元。
譯文內容由第三人軟體翻譯。