Revenue Update on Mobileye NV(NYSE:MBLY)

Mobileye NV(NYSE:MBLY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $104.581M. Analysts estimated a revenue of $96.400M. The revenues were 8.49% above the estimates. Earnings per share were $0.22. The reported EPS was above estimates by 10%. Analysts had estimated an EPS of $0.2.

In a different note, On Feb 1, 2017, Morgan Stanley said it Downgrades its rating on Mobileye NV. The shares have been rated ‘Equal-Weight’ by the firm. On Jan 19, 2017, Goldman Sachs said it Upgrades its rating on Mobileye NV. According to the research note, Goldman Sachs Raises the price target to $50 per share from a prior target of $40. The shares have been rated ‘Buy’ by the firm. Monness Crespi Hardt said it Initiates Coverage On Mobileye NV, according to a research note issued on Jan 3, 2017. In the research note, the firm Announces the price-target to $47 per share. The shares have been rated ‘Buy’ by the firm. BMO Capital said it Initiates Coverage On Mobileye NV, according to a research note issued on Dec 21, 2016. In the research note, the firm Announces the price-target to $37 per share. The shares have been rated ‘Market Perform’ by the firm. Susquehanna said it Initiates Coverage On Mobileye NV, according to a research note issued on Dec 21, 2016. The shares have been rated ‘Neutral’ by the firm.

Mobileye NV (MBLY) made into the market gainers list on Wednesdays trading session with the shares advancing 2.82% or 1.3 points. Due to strong positive momentum, the stock ended at $47.42, which is also near the day’s high of $48.17. The stock began the session at $47.75 and the volume stood at 87,92,336 shares. The 52-week high of the shares is $51.15 and the 52 week low is $24.75. The company has a current market capitalization of $10,378 M and it has 21,88,47,430 shares in outstanding.

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.

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