Mobileye Global (MBLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a ...

[Executive Summary](index=1&type=section&id=Executive%20Summary) Mobileye's Q1 2024 results reflect an anticipated supply chain reset, with significant progress in ADAS design wins and advanced product pipelines [CEO Commentary](index=1&type=section&id=CEO%20Commentary) Mobileye's CEO noted Q1 2024 results align with anticipated supply chain reset, emphasizing progress in design wins and advanced program execution - Q1 2024 financial results reflect a supply chain reset as excess customer inventory is consumed, with recovery on track as laid out in January[3](index=3&type=chunk) - Q1 was productive in generating traction across multiple waves of future growth, including record ADAS design wins and expansion of SuperVision and Chauffeur development pipelines, partly due to the Volkswagen Group design win[3](index=3&type=chunk) - The main focus for 2024 is to successfully execute current advanced programs and convert unprecedented opportunities into series production awards[3](index=3&type=chunk) [Q1 2024 Financial & Business Highlights](index=1&type=section&id=Q1%202024%20Financial%20%26%20Business%20Highlights) Mobileye reported a **48% revenue decrease** to **$239 million** in Q1 2024 due to inventory drawdown, yet maintained strong financial health and secured a major Volkswagen Group award Q1 2024 Key Financial Highlights | Metric | Q1 2024 | YoY Change | | :-------------------------------- | :------ | :--------- | | Revenue | $239M | (48)% | | Diluted EPS (GAAP) | $(0.27) | - | | Adjusted Diluted EPS (Non-GAAP) | $(0.07) | - | | Net Cash from Operating Activities | $40M | - | | Cash and Cash Equivalents (as of March 30, 2024) | $1.2B | - | | Debt | $0 | - | - Inventory consumption and EyeQ SoC deliveries are on track with prior guidance[4](index=4&type=chunk) - Volkswagen Group announced a wide-ranging production award for Mobileye's advanced products, expanding the pipeline of advanced discussions with other global OEMs[4](index=4&type=chunk) [First Quarter 2024 Business Overview](index=2&type=section&id=First%20Quarter%202024%20Business%20Highlights) Mobileye advanced its core ADAS, SuperVision, Chauffeur, and Drive products, securing major design wins and progressing towards scalable self-driving systems [Core ADAS and Cloud-Enhanced ADAS Developments](index=2&type=section&id=Core%20ADAS%20and%20Cloud-Enhanced%20ADAS%20Developments) Mobileye's EyeQ6L SoC began production-candidate shipments, contributing to a record **26 million units** in Q1 design wins for core ADAS - EyeQ6L System-on-Chip achieved first production-candidate shipments and will be in production vehicles during 2024, offering incremental advanced features at a similar price[5](index=5&type=chunk) - Core ADAS business remains strong, with Q1 design wins totaling over **26 million units** in projected future volume, a record amount[5](index=5&type=chunk) [SuperVision, Chauffeur, and Drive Product Expansion](index=2&type=section&id=SuperVision%2C%20Chauffeur%2C%20and%20Drive%20Product%20Expansion) A multi-billion dollar Volkswagen Group award for SuperVision, Chauffeur, and Drive products expanded Mobileye's OEM pipeline, affirming the importance of these features - Volkswagen Group announced a potential **multi-billion dollar** production award for SuperVision, Chauffeur, and Drive products, a milestone achievement that expanded Mobileye's OEM discussion pipeline[5](index=5&type=chunk) - OEMs are increasingly recognizing SuperVision-type feature sets as critical for competitiveness in the medium and long term, supporting a scalable platform for Level 3 eyes-off driving and beyond[5](index=5&type=chunk) [Mobility-as-a-Service (MaaS) Progress](index=2&type=section&id=Mobility-as-a-Service%20(MaaS)%20Progress) Mobileye advanced its MaaS ecosystem with new production awards from Volkswagen and P3, expecting first Drive 64 ECU samples in 2024 - Progress in creating a MaaS ecosystem with multiple vehicle platforms and customers, including new production awards from Volkswagen and P3[5](index=5&type=chunk) - First samples of the Drive 64 ECU are expected to be delivered during 2024, representing a meaningful step towards a scalable self-driving system[5](index=5&type=chunk) [Advanced Technology Development](index=2&type=section&id=Advanced%20Technology%20Development) Mobileye is on track to deploy B-samples of EyeQ6H-based ECUs for next-gen SuperVision, Chauffeur, and Drive products in Q3 2024, incorporating advanced AI - B-samples of EyeQ6H-based ECUs for next-generation SuperVision, Chauffeur, and Drive products are on track for deployment in **Q3 2024**[5](index=5&type=chunk) - The software stack for these systems will include state-of-the-art novel AI systems, such as end-to-end perception and end-to-end actuation running in parallel for redundancy[5](index=5&type=chunk) [First Quarter 2024 Financial Summary and Key Explanations](index=3&type=section&id=First%20Quarter%202024%20Financial%20Summary%20and%20Key%20Explanations%20(Unaudited)) Q1 2024 financial results show significant declines in revenue and profitability due to customer inventory drawdown and SuperVision's impact on gross margins [GAAP Financial Results](index=3&type=section&id=GAAP%20Financial%20Results) Mobileye's Q1 2024 GAAP results show a **48% revenue decrease** to **$239 million**, leading to a diluted EPS of **$(0.27)** and significant declines in profitability Q1 2024 GAAP Financial Summary | U.S. dollars in millions | Q1 2024 | Q1 2023 | % Y/Y Change | | :----------------------- | :------ | :------ | :----------- | | Revenue | $239 | $458 | (48)% | | Gross Profit | $54 | $207 | (74)% | | Gross Margin | 23% | 45% | (2,260)bps | | Operating Income (Loss) | $(238) | $(81) | (194)% | | Operating Margin | (100)% | (18)% | (8,190)bps | | Net Income (Loss) | $(218) | $(79) | (176)% | | EPS - Diluted | $(0.27) | $(0.10) | (174)% | [Non-GAAP Financial Results](index=3&type=section&id=Non-GAAP%20Financial%20Results) Q1 2024 Non-GAAP results reflect a **54% decrease** in Adjusted Gross Profit to **$148 million**, resulting in an Adjusted Operating Loss of **$(65) million** and Adjusted Diluted EPS of **$(0.07)** Q1 2024 Non-GAAP Financial Summary | U.S. dollars in millions | Q1 2024 | Q1 2023 | % Y/Y Change | | :--------------------------- | :------ | :------ | :----------- | | Revenue | $239 | $458 | (48)% | | Adjusted Gross Profit | $148 | $324 | (54)% | | Adjusted Gross Margin | 62% | 71% | (876)bps | | Adjusted Operating Income (Loss) | $(65) | $124 | *NM | | Adjusted Operating Margin | (27)% | 27% | *NM | | Adjusted Net Income (Loss) | $(55) | $115 | *NM | | Adjusted EPS - Diluted | $(0.07) | $0.14 | *NM | [Key Financial Explanations](index=3&type=section&id=Key%20Financial%20Explanations) Q1 2024 financial declines were primarily due to lower EyeQ shipments from customer inventory drawdown and SuperVision's impact on gross margins, with operating expenses remaining stable - All key operating metrics were impacted by significantly lower EyeQ shipments due to the expected large drawdown of inventory at Tier 1 customers[7](index=7&type=chunk) - Gross margin was impacted by the higher percentage of revenue attributed to SuperVision, which has lower percentage gross margin due to higher hardware content, despite generating more gross profit dollars per unit[7](index=7&type=chunk) - Operating margin was impacted by lower gross profit without an associated reduction in operating expenses, as the company remains confident in its business outlook and long-term strategy[7](index=7&type=chunk) [Revenue and Average System Price Analysis](index=4&type=section&id=Revenue%20and%20Average%20System%20Price%20Analysis) Q1 2024 revenue decreased **48% year-over-year** to **$239 million** due to lower EyeQ SoC shipments, partially offset by increased SuperVision revenue and a higher Average System Price - Revenue decreased **48% YoY** to **$239 million**, driven by a **58% decrease** in EyeQ SoC-related revenue due to Tier 1 customer inventory usage, partially offset by increased SuperVision revenue[10](index=10&type=chunk) Average System Price Trend | Metric | Q1 2023 | Q1 2024 | Change | | :-------------------------- | :------ | :------ | :----- | | Average System Price (USD) | $53.9 | $61.0 | +$7.1 | [Gross Margin Analysis](index=4&type=section&id=Gross%20Margin%20Analysis) GAAP Gross Margin declined by nearly **23 percentage points** in Q1 2024, primarily due to increased SuperVision revenue percentage and consistent amortization costs on a lower revenue base - GAAP Gross Margin declined by nearly **23 percentage points YoY**, primarily due to the increased percentage of SuperVision revenue and similar amortization costs on a significantly lower revenue base[10](index=10&type=chunk) - Adjusted Gross Margin declined by nearly **9 percentage points YoY**, primarily due to the increase in percentage of revenue attributable to SuperVision[10](index=10&type=chunk) [Operating Income (Loss) / Margin Analysis](index=4&type=section&id=Operating%20Income%20(Loss)%20%2F%20Margin%20Analysis) GAAP Operating Margin turned negative in Q1 2024 due to lower Gross Margin and operating expenses remaining similar despite a significantly reduced revenue base - GAAP Operating Margin declined to a negative margin YoY, primarily due to lower Gross Margin and similar operating expenses on a significantly lower revenue base[10](index=10&type=chunk) - Adjusted Operating Margin declined to a negative margin YoY, due to lower Adjusted Gross Margin and higher operating expenses as a percentage of the unusually low revenue base[10](index=10&type=chunk) [Operating Cash Flow](index=4&type=section&id=Operating%20Cash%20Flow) Mobileye generated **$40 million** in operating cash flow for Q1 2024, with **$22 million** used for property and equipment purchases Q1 2024 Cash Flow Highlights | Metric | Q1 2024 (USD in millions) | | :-------------------------------- | :------------------------ | | Operating Cash Flow | $40 | | Purchases of Property and Equipment | $(22) | [Financial Guidance for the 2024 Fiscal Year](index=5&type=section&id=Financial%20Guidance%20for%20the%202024%20Fiscal%20Year) Mobileye reaffirmed its full-year 2024 financial guidance, projecting revenue between **$1.83 billion** and **$1.96 billion**, with an adjusted operating income range [Full Year 2024 Outlook](index=5&type=section&id=Full%20Year%202024%20Outlook) Mobileye reaffirmed its 2024 financial guidance, projecting revenue between **$1.83 billion** and **$1.96 billion**, and an Adjusted Operating Income between **$270 million** and **$360 million** - Financial guidance for the full year 2024 remains unchanged from expectations first disclosed on January 4, 2024[11](index=11&type=chunk) Full Year 2024 Financial Guidance | U.S. dollars in millions | Low | High | | :------------------------ | :---- | :---- | | Revenue | $1,830 | $1,960 | | Operating Loss | $(468) | $(378) | | Adjusted Operating Income | $270 | $360 | - Adjusted Operating Income excludes significant non-cash expenses such as amortization of acquisition-related intangibles (**$444 million**) and share-based compensation expense (**$294 million**)[12](index=12&type=chunk)[13](index=13&type=chunk) [Non-GAAP Financial Measures](index=6&type=section&id=Non-GAAP%20Financial%20Measures) Mobileye uses non-GAAP measures, excluding amortization and share-based compensation, to provide clearer insights into operational performance and trends [Definitions and Rationale](index=6&type=section&id=Definitions%20and%20Rationale) Mobileye uses non-GAAP measures, excluding specific non-cash expenses, to enhance transparency for investors and facilitate period-over-period performance comparisons - Non-GAAP measures (Adjusted Gross Profit/Margin, Operating Income/Margin, Net Income, EPS) exclude amortization of acquisition-related intangibles and share-based compensation expense, and related income tax effects[15](index=15&type=chunk) - These non-GAAP measures are used by management for strategic decisions, business planning, trend identification, and performance evaluation, providing greater transparency for investors and enabling comparison of financial trends[16](index=16&type=chunk) [Company Information & Disclaimers](index=7&type=section&id=Company%20Information%20%26%20Disclaimers) Mobileye, a leader in autonomous driving technologies, provides company background and cautions on forward-looking statements due to inherent risks and uncertainties [About Mobileye Global Inc.](index=7&type=section&id=About%20Mobileye%20Global%20Inc.) Mobileye Global Inc. is a leader in autonomous driving and driver-assistance technologies, with approximately **170 million vehicles** globally incorporating its innovations since 1999 - Mobileye leads the mobility revolution with autonomous driving and driver-assistance technologies, utilizing computer vision, AI, mapping, and data analysis expertise[17](index=17&type=chunk) - Pioneered technologies include REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety (RSS), with approximately **170 million vehicles** worldwide built with Mobileye technology[17](index=17&type=chunk) - Mobileye listed as an independent company separate from Intel in 2022, with Intel retaining majority ownership[17](index=17&type=chunk) [Forward-Looking Statements](index=8&type=section&id=Forward-Looking%20Statements) Mobileye's forward-looking statements are subject to risks and uncertainties, including market trends, product development, and geopolitical factors, and are not guarantees of future performance - Statements regarding business outlook, guidance, and future expectations are forward-looking and subject to risks, uncertainties, and assumptions, and are not guarantees of performance[19](index=19&type=chunk) - Important factors affecting forward-looking statements include future business performance, market trends, consumer demand, product and technology development, regulatory frameworks, cost and pricing trends, production capacity, and adverse conditions in Israel due to war and geopolitical conflict[20](index=20&type=chunk) - Estimates for future production volumes and sales prices are based on OEM projections and management estimates, but actual results may deviate, and achieving design wins is not a guarantee of revenue[21](index=21&type=chunk) [Condensed Consolidated Financial Statements (Unaudited)](index=10&type=section&id=Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The unaudited Q1 2024 financial statements detail significant declines in revenue and net income, alongside a stable cash position and total assets [Condensed Consolidated Statements of Operations](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20(unaudited)) The Q1 2024 statements show a net loss of **$(218) million**, driven by a **48% revenue decrease** and increased operating loss, despite stable operating expenses Condensed Consolidated Statements of Operations (Q1 2024 vs Q1 2023) | U.S. dollars in millions | March 30, 2024 | April 1, 2023 | | :------------------------------------------ | :------------- | :------------ | | Revenue | $239 | $458 | | Cost of revenue | 185 | 251 | | Gross profit | 54 | 207 | | Research and development, net | 243 | 235 | | Sales and marketing | 34 | 33 | | General and administrative | 15 | 20 | | Total operating expenses | 292 | 288 | | Operating income (loss) | (238) | (81) | | Net income (loss) | (218) | (79) | | Earnings (loss) per share: Basic and diluted | (0.27) | (0.10) | [Condensed Consolidated Balance Sheets](index=11&type=section&id=Condensed%20Consolidated%20Balance%20sheets%20(unaudited)) As of March 30, 2024, Mobileye maintained **$1.223 billion** in cash and cash equivalents, with total assets of **$15.342 billion** and total equity of **$14.763 billion** Condensed Consolidated Balance Sheets (March 30, 2024 vs Dec 30, 2023) | U.S. dollars in millions | March 30, 2024 | December 30, 2023 | | :-------------------------- | :------------- | :---------------- | | Cash and cash equivalents | $1,223 | $1,212 | | Trade accounts receivable, net | 120 | 357 | | Inventories | 456 | 391 | | Total current assets | 1,931 | 2,066 | | Total non-current assets | 13,411 | 13,511 | | TOTAL ASSETS | $15,342 | $15,577 | | TOTAL LIABILITIES | $579 | $653 | | TOTAL EQUITY | 14,763 | 14,924 | [Condensed Consolidated Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Cash%20Flows%20(unaudited)) Mobileye generated **$40 million** in operating cash flow in Q1 2024, with cash and cash equivalents increasing by **$12 million** to **$1.238 billion** by period-end Condensed Consolidated Cash Flows (Q1 2024 vs Q1 2023) | U.S. dollars in millions | March 30, 2024 | April 1, 2023 | | :------------------------------------ | :------------- | :------------ | | Net cash provided by operating activities | $40 | $171 | | Net cash used in investing activities | $(22) | $(26) | | Net cash used in financing activities | $(4) | $(3) | | Increase in cash, cash equivalents and restricted cash | $12 | $138 | | Balance of cash, cash equivalents and restricted cash, at end of period | $1,238 | $1,173 | [Reconciliation of Non-GAAP Financial Measures](index=13&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures%20(Unaudited)) This section reconciles GAAP to Non-GAAP financial measures, highlighting the impact of non-cash expenses like amortization and share-based compensation on profitability [Gross Profit and Margin Reconciliation](index=13&type=section&id=Reconciliation%20of%20GAAP%20Gross%20Profit%20and%20Margin%20to%20Non-GAAP%20Adjusted%20Gross%20Profit%20and%20Margin%20(unaudited)) Q1 2024 GAAP Gross Profit of **$54 million** was adjusted to Non-GAAP Adjusted Gross Profit of **$148 million** by adding back **$94 million** in amortization of acquired intangible assets Q1 2024 Gross Profit and Margin Reconciliation | U.S. dollars in millions | Q1 2024 Amount | Q1 2024 % of Revenue | Q1 2023 Amount | Q1 2023 % of Revenue | | :---------------------------------- | :------------- | :------------------- | :------------- | :------------------- | | Gross Profit (GAAP) | $54 | 23% | $207 | 45% | | Add: Amortization of acquired intangible assets | 94 | 39% | 116 | 25% | | Add: Share-based compensation expense | — | —% | 1 | —% | | Adjusted Gross Profit (Non-GAAP) | $148 | 62% | $324 | 71% | [Operating Income and Margin Reconciliation](index=13&type=section&id=Reconciliation%20of%20GAAP%20Operating%20Income%20and%20Margin%20to%20Non-GAAP%20Adjusted%20Operating%20Income%20and%20Margin%20(unaudited)) Q1 2024 GAAP Operating Loss of **$(238) million** was adjusted to a Non-GAAP Adjusted Operating Loss of **$(65) million**, primarily by adding back amortization and share-based compensation Q1 2024 Operating Income and Margin Reconciliation | U.S. dollars in millions | Q1 2024 Amount | Q1 2024 % of Revenue | Q1 2023 Amount | Q1 2023 % of Revenue | | :---------------------------------------- | :------------- | :------------------- | :------------- | :------------------- | | Operating Income (Loss) (GAAP) | $(238) | (100)% | $(81) | (18)% | | Add: Amortization of acquired intangible assets | 111 | 46% | 133 | 29% | | Add: Share-based compensation expense | 62 | 26% | 72 | 16% | | Adjusted Operating Income (Loss) (Non-GAAP) | $(65) | (27)% | $124 | 27% | [Net Income Reconciliation](index=14&type=section&id=Reconciliation%20of%20GAAP%20Net%20Income%20to%20Non-GAAP%20Adjusted%20Net%20Income%20(unaudited)) Q1 2024 GAAP Net Loss of **$(218) million** was reconciled to a Non-GAAP Adjusted Net Loss of **$(55) million**, after accounting for amortization, share-based compensation, and tax effects Q1 2024 Net Income Reconciliation | U.S. dollars in millions | Q1 2024 Amount | Q1 2024 % of Revenue | Q1 2023 Amount | Q1 2023 % of Revenue | | :---------------------------------- | :------------- | :------------------- | :------------- | :------------------- | | Net Income (Loss) (GAAP) | $(218) | (91)% | $(79) | (17)% | | Add: Amortization of acquired intangible assets | 111 | 46% | 133 | 29% | | Add: Share-based compensation expense | 62 | 26% | 72 | 16% | | Less: Income tax effects | (10) | (4)% | (11) | (2)% | | Adjusted Net Income (Loss) (Non-GAAP) | $(55) | (23)% | $115 | 25% | [Supplemental Financial Data](index=14&type=section&id=Supplemental%20Financial%20Data) Supplemental data reveals an increase in Average System Price to **$61.0** in Q1 2024, driven by a higher proportion of SuperVision revenue despite fewer units shipped [Average System Price Trend](index=14&type=section&id=Supplemental%20Information%20-%20Average%20System%20Price%20(unaudited)) Mobileye's Average System Price increased to **$61.0** in Q1 2024, driven by a higher proportion of SuperVision revenue despite a significant decrease in units shipped Average System Price and Shipments Trend | Metric | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | | :------------------------------------ | :------ | :------ | :------ | :------ | :------ | | EyeQ and SuperVision revenue (USD in millions) | $438 | $430 | $507 | $611 | $219 | | Number of systems shipped (in millions) | 8.1 | 8.3 | 9.4 | 11.6 | 3.6 | | Average system price (USD) | $53.9 | $51.7 | $53.8 | $52.7 | $61.0 | [Additional Information](index=6&type=section&id=Additional%20Information) This section provides details on the Q1 2024 earnings conference call and contact information for investor and media relations [Earnings Conference Call Webcast Information](index=6&type=section&id=Earnings%20Conference%20Call%20Webcast%20Information) Mobileye hosted a conference call on **April 25, 2024**, to discuss Q1 2024 results and provide a business update, with a webcast replay available online - Mobileye hosted a conference call on **April 25, 2024, at 8:00 am ET** to review Q1 2024 results and provide a business update, with a webcast replay available on ir.mobileye.com[14](index=14&type=chunk) [Contacts](index=14&type=section&id=Contacts) Contact information for Mobileye's Investor Relations and Media Relations is provided for inquiries - Contact information for Investor Relations (Dan Galves) and Media Relations (Justin Hyde) is provided[30](index=30&type=chunk)

Mobileye Global (MBLY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...

Move over, Nvidia! These fast-paced artificial intelligence (AI) stocks can more-than-double in value, based on the Street-high price targets of three analysts.For more than a year, no investment trend on Wall Street has captivated investors' attention quite like artificial intelligence (AI). Utilizing software and systems in place of humans, and giving these systems the ability to learn over time without human intervention in order to become more proficient at their tasks, gives AI a use case in almost eve ...

The company possesses impressive technology, but management expects revenue to slump in 2024.The explosion in artificial intelligence (AI) technology last year brought the possibility of fully self-driving vehicles closer to reality. One of the companies working to bring autonomous cars to the masses is Mobileye Global (MBLY -3.89%).Founded in 1999, the company possesses decades of experience with advanced driver assistance systems (ADAS), technology that helps drivers avoid accidents. It has built an impre ...

The maker of autonomous driving solutions made favorable comments at an industry conference, and announced a high-profile customer win.Shares of autonomous driving software and semiconductor company Mobileye Global (MBLY -2.58%) rallied 26.2% in March, according to data from S&P Global Market Intelligence.Mobileye was perhaps poised for a rally at the beginning of the month. In early January, the company warned that its first-quarter revenue would decline about 50% sequentially, and eventually recover but s ...

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. MBLY stock is trading today at around $29.60 per share, up more than 4% from its close on March 19. Mobileye has a market capitalization of almost $24 billion.Still, Mobileye stock is down more than 25% so far in 20 ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Mobileye Global. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Mobileye Global (MBLY) shares rallied 11.4% in the last trading session to close at $27.81. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 8.3% loss over the past four weeks.Shares of Mobileye popped yesterday following optimistic remarks from the company's executives at Morgan Stanley's Technology, Media, and Telecom conference. MBLY reiterated that the sales volumes of EyeQ is estimated at 3.4 million unit ...

It’s another green day in the stock market, with many tech stocks leading the way higher. Investors in Mobileye (NASDAQ:MBLY) have seen some of the most significant gains, with MBLY stock surging more than 11% this afternoon. This sees MBLY recovering some of the losses the company has seen since the beginning of the year.This move follows some bullish commentary from the company’s management team during a presentation at Morgan Stanley’s (NYSE:MS) Technology, Media and Telecom conference this morning. Mobi ...