Mobileye NV(NYSE:MBLY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $83.48M. Analysts estimated a revenue of $77.64M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.15.
In a different note, JP Morgan said it Initiates Coverage on Mobileye NV, according to a research note issued on Jul 19, 2016. The shares have been rated ‘Neutral’ by the firm. On Jun 28, 2016, Goldman Sachs said it Downgrades its rating on Mobileye NV. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm. Berenberg said it Initiates Coverage on Mobileye NV, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Buy’ by the firm. Piper Jaffray said it Initiates Coverage on Mobileye NV, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Overweight’ by the firm.
Mobileye NV (MBLY) shares turned negative on Fridays trading session with the shares closing down -0.3 points or -0.62% at a volume of 28,60,927. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.33. The peak price level was also seen at $48.33 while the days lowest was $46.84. Finally the shares closed at $47.91. The 52-week high of the shares is $64.4799 while the 52-week low is $23.57. According to the latest information available, the market cap of the company is $10,485 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.