|Bid||167.53 x 1200|
|Ask||167.61 x 1300|
|Day's Range||162.40 - 167.87|
|52 Week Range||53.52 - 174.50|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 22, 2021 - Nov. 26, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||143.56|
Terrific growth in revenue and earnings at Ambarella (NASDAQ: AMBA) and Fortinet (NASDAQ: FTNT) has translated into outstanding stock market gains. What's more, both companies are growing at a faster pace than the markets they operate in, which makes them ideal bets to tap into the booming demand for internet-enabled cameras and the increasing need for cybersecurity solutions. Let's look at reasons Ambarella and Fortinet could sustain their impressive stock market momentum and keep delivering eye-popping upside to investors.
The S&P 500 has gotten more volatile in September due to several factors, including trouble in China involving the country's second-largest real estate developer, a jump in novel coronavirus cases due to the Delta variant, and the stock market's history of underperforming in September. Ambarella (NASDAQ: AMBA) and Match Group (NASDAQ: MTCH) are two such stocks that have shot up this month. Ambarella released terrific results on Aug. 31 for the second quarter of fiscal 2022 that blew past Wall Street's expectations, and that seems to have supercharged the stock in September.
Ambarella (AMBA) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.