Mobileye NV (MBLY) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 53 from a previous price target of $47 . RBC Capital Mkts advised their investors in a research report released on Jul 5, 2016.
Many Wall Street Analysts have commented on Mobileye NV. Mobileye NV was Downgraded by Goldman to ” Neutral” on Jun 28, 2016. Berenberg Initiated Mobileye NV on Jun 17, 2016 to “Buy”, Price Target of the shares are set at $51.Piper Jaffray Initiated Mobileye NV on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $50.
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 $45.52 and hit $47.48 on the upside on Friday, eventually ending the session at $47.11, with a gain of 2.10% or 0.97 points. The heightened volatility saw the trading volume jump to 77,68,917 shares. Company has a market cap of $10,310 M.
Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Companys 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.