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Mobileye's driver assistance and autonomous vehicle tech have enabled it to win big business. Management predicts revenue will decline in 2024 due to a buildup of excess customer inventory.
Israeli automotive tech company Mobileye said on Wednesday it had secured orders to ship 46 million of its EyeQ6 Lite assisted-driving chips over the next few years as automakers race to makes cars safer and easier to drive.
Analysts say Wall Street doesn't fully appreciate the company's competitive advantages.
JERUSALEM--(BUSINESS WIRE)--Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today announced that it will release its financial results for the first quarter 2024 on Thursday, April 25, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO.
After a share-price crash in January, Mobileye recovered strongly in March. The company reiterated that the anticipated recovery following a first-quarter inventory correction was on track.
Mobileye (MBLY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week highs.
Stocks are up today and investors wondering why have come to the right place as we know why shares are climbing on Tuesday! The biggest factor moving stocks up today is the meeting of the Federal Open Market Committee (FOMC).
Shares of autonomous driving technology company Mobileye Global (NASDAQ: MBLY ) are rising after the firm won an expanded agreement with Volkswagen (OTCMKTS: VWAGY ). The agreement is set to bring Mobileye features to Volkswagen vehicles, as well as the Audi, Bentley, Lamborghini and Porsche brands.
Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe's biggest carmaker said on Wednesday.