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Ambarella Inc. (NASDAQ: AMBA) is scheduled to release its fiscal third-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters call for $0.94 in earnings per share (EPS) and $97.3 million in revenue. The same period of last year reportedly had EPS of $1.08 and $93.2 million in revenue.

The company’s second-quarter results reflected strong execution across the business despite several hurdles in the period. Solid product development and customer support continued to result in new design win momentum in all markets, led by new projects in drone, home monitoring, virtual reality and wearable applications.

Management noted in the last report that it believes the continued investment in the development of advanced technologies in video capture and computer vision will help to expand market opportunities well into the second half 2016.

The proliferation of smart devices and ubiquitous access to broadband connections is driving exponential growth in the capture, transmission, consumption and analytics of video content. Some analysts see Ambarella products as uniquely positioned to enable a new wave of professional and consumer devices to capture and stream high-quality video with real-time analytics.

Ambarella provides the highest-performance video processing systems-on-chips with the lowest power consumption, according to its management. The company’s proprietary video processing architecture and deep domain expertise in video processing and delivery make the company the go-to high-end solution provider in markets such as IP camera, wearable camera, drone camera and automotive dashboard cameras.

A few analysts weighed in on Ambarella ahead of the earnings report:

• KeyCorp has an Overweight rating with a $70 price target.
• Pacific Crest reiterated a Buy rating with a $70 price target.
• Stifel has a Buy rating with an $86 price target.
• Canaccord Genuity has a Buy rating with an $87 price target.
• Roth Capital has a Buy rating with an $80 price target.
• Deutsche Bank has a Hold rating with a $68 price target.
• FBN Securities has an Outperform rating with an $80 price target.

So far in 2016, Ambarella has outperformed the broad markets, with the stock up about 10%.

Shares of Ambarella were last seen down 1% at $60.83 on Thursday, with a consensus analyst price target of $75.22 and a 52-week trading range of $33.39 to $74.95.