On Friday, Ambarella Inc (NASDAQ:AMBA)’s shares declined -3.01% to $71.46.
Ambarella, Inc. ( AMBA) has raised a little over 30 percent, year to date.
Stifel’s Kevin Cassidy has maintained a Buy rating and price target of $115 on Ambarella.
Cassidy believes that the company’s market strategy and core video processing technology would continue to drive revenue growth significantly above the industry average.
“We believe the company has at least a one year lead over its competitors and we expect this lead to expand with the addition of computer vision to its processors,” Cassidy elaborated, while mentioning that the recent pullback in the stock offers an attractive entry point.
According to the Stifel report, “Ambarella’s engineering team is converting newly attained VisLab’s computer vision algorithms to a new silicon architecture, which is likely to be a crucial step towards the company adding intelligence to the video” that its processors capture, thereby expanding its edge over the competition.
The administration has also highlighted that sports camera revenue is predictable to decline sequentially and year on year, due to the launch of new models, although there is no change predictable in the overall growth.
Ambarella, Inc. develops semiconductor processing solutions for video that enable high-definition (HD) video capture, sharing, and display worldwide. The companys system-on-a-chip designs integrated HD video processing, image processing, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption. Its solutions enable the creation of video content for wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP) security cameras, telepresence cameras, and unmanned aerial vehicles in the camera market; and manage IP video traffic, broadcast encoding and transcoding, and IP video delivery applications in the infrastructure market.
Office Depot Inc (NASDAQ:ODP)’s shares gained 0.67% to $7.54.
Office Depot, Inc. (ODP), a leading global provider of office products, services and solutions and parent company of Office Depot and OfficeMax, recently declared new partnerships in Romania and Malta to expand its geographical reach in Europe.
Austral Trade S.R.L., has been selected as the new local partner for Office Depot in Romania, and in Malta, Complete Supplies LTD is Office Depot’s new local partner.
Office Depot, Inc., together with its auxiliaries, supplies office products and services. The companys North American Retail division sells an assortment of merchandise, counting office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores.
At the end of Friday’s trade, Juniper Networks, Inc. (NYSE:JNPR)‘s shares dipped -1.01% to $25.55 .
NEC and Telenor Group Sign a Global Framework Agreement to Deliver End-to-End Transport Network Solutions; NEC Selects Juniper Netoperates and Infinera to Assist Provide IP Transport Routers and Optical Communications Equipment, NEC Corporation (NEC) together with Juniper Netoperates and Infinera, recently declared that NEC has signed a global framework agreement with the Telenor Group, a Norway-based worldwide telecommunications operator. With this new contract, NEC becomes an end-to-end, turnkey solution provider for Telenor. As the system integrator, NEC will supply all major aspects of the operator’s transport network, counting microwave, IP routers and optical and will manage the delivery, installation and commission of equipment.
NEC has supported Telenor Group’s successful rollout of 3G and 4G mobile services across the globe as a global supplier of microwave communications systems since 2006. Under the new contract, NEC, Juniper Netoperates and Infinera will provide IP transport routers and wavelength division multiplexing (WDM) optical communications equipment to the Telenor Group’s 13 telecommunications associates worldwide (*) to handle the ever increasing volume of traffic and content over recently’s netoperates.
Juniper Netoperates, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; and T series routers.
Air Products & Chemicals, Inc. (NYSE:APD), ended its Friday’s trading session with -3.19% loss, and closed at $134.60.
Air Products (APD), a global leader in helium production, recently held a grand opening at its new Doe Canyon helium production facility in Colorado. The Doe Canyon helium plant is the only one in the world extracting helium from a gas stream composed primarily of carbon dioxide (CO2). The helium from this new facility further diversifies Air Products’ supply chain to ensure a reliable and stable supply of product for its customers.
Much of the helium produced in the United States recently comes from the United States Bureau of Land Administration (BLM) system, however, the BLM system is in decline, and eventually that storage supply will be depleted. At the same time, the world’s demand for helium is likely to continue to grow and is why new sources of helium are needed. The purified helium at the new Colorado facility will be liquefied on-site for subsequent delivery to Air Products’ customers. The plant is predictable to produce up to 230 million standard cubic feet of helium per year, replacing more than 15 percent of the current BLM reserve helium supply as that system declines.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. The Merchant Gases segment sells atmospheric gases, such as oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, and carbon dioxide; specialty gases; temporary gas supply services; and equipment for the metals, glass, electronics, chemical processing, food processing, healthcare, general manufacturing, and petroleum and natural gas industries.
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