Notable Downgrades: Ambarella (AMBA), SeaDrill (SDRL), Pericom Semiconductor Corp. (PSEM), Verint Systems (VRNT)

Analysts at Barrington Research downgraded Ambarella, Inc. (AMBA) from ‘Outperform’ to ‘Market Perform’ in a research report issued to clients on Thursday. The firm set its 12-month base case estimate for the name at $115 a share. On valuation measures, Ambarella Inc. stock it’s trading at a forward P/E multiple of 21.08x, and at a […] View the full post at: Notable Downgrades: Ambarella (AMBA), SeaDrill (SDRL), Pericom Semiconductor Corp. (PSEM), Verint Systems (VRNT) Related posts: Abu Dhabi’s ATIC to Acquire Chartered Semiconductor for $1.8B Did Dell Overpay for Perot Systems? Apache Corp. in final talks to buy Energy Corp’s shallow Gulf assets