Is Mobileye Global Stock a Buy Now?
Mobileye's (NASDAQ: MBLY) stock dropped 6% on July 27 after the producer of advanced driver-assistance systems (ADAS) and computer vision chips posted its second-quarter earnings report. Revenue declined 1% year over year to $454 million but beat analysts' estimates by $3 million. Adjusted net income dropped 14% to $135 million, or $0.17 per share, which still beat the consensus forecast by $0.05.
Mobileye cleared Wall Street's low bar, but the bulls weren't impressed. Should investors go against the herd and still buy it as a long-term investment? Let's review its business model, near-term challenges, and valuation to decide.
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Source Fool.com
