Mobileye Announces Fourth Quarter and Fiscal Year 2015 Financial Results
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February 25, 2016 8:42 AM EST
Wells Fargo analyst, Richard Kwas, is positive on MobileEye (NYSE: MBLY) after earnings but uses the event to trim his valuation range on a lower multiple. No change to Outperform rating.
Total revenues were $71.8MM (+81% yr/yr), above the $70.7MM consensus. OEM revenues were $61.2MM (+89% yr/yr) and Aftermarket revenues were $10.6MM (+43% yr/yr). OEM pricing was better than expected. Gross margin was 75.4% (+228bp yr/yr). The companys adjusted operating margin was 53.5% (vs. 43.3% last year). Yr/yr operating... More
February 24, 2016 1:14 PM EST
Deutsche Bank reiterated a Buy rating on Mobileye N.V (NYSE: MBLY) with a price target of $72. Shares weakened after Mobileye reported Q4 results. Analyst Rod Lache said he views the update as relatively positive.
"The only slight negatives that can be pointed out were 1) Net income guidance was 2 MM lower... More
