Mobileye NV (MBLY) is Initiated by JP Morgan to Neutral

Mobileye NV (MBLY) was Initiated by JP Morgan to “Neutral”. JP Morgan advised their investors in a research report released on Jul 19, 2016.

Many Wall Street Analysts have commented on Mobileye NV. Company shares were Reiterated by Piper Jaffray on Jul 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Jul 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $47 .Mobileye NV was Downgraded by Goldman to ” Neutral” on Jun 28, 2016.

On the company’s financial health, Mobileye NV reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.14. The company had revenue of $75.20 million for the quarter, compared to analysts expectations of $73.20 million. The company’s revenue was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Mobileye NV opened for trading at $48.68 and hit $49.01 on the upside on Monday, eventually ending the session at $48.48, with a gain of 1.11% or 0.53 points. The heightened volatility saw the trading volume jump to 33,97,089 shares. Company has a market cap of $10,610 M.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Company’s software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles pedestrians cyclists animals debris and other obstacles. Its products are also able to detect roadway markings such as lanes road boundaries barriers and similar items as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment it sells a complete system which includes its software algorithms and EyeQ chip as well as the camera and other necessary components.

Mobileye NV

Leave a Reply

Mobileye NV - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mobileye NV. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.