Commodity Channel Index
|Bid||41.98 x 1200|
|Ask||42.34 x 1400|
|Day's Range||41.91 - 42.59|
|52 Week Range||27.93 - 48.95|
|Beta (5Y Monthly)||1.98|
|PE Ratio (TTM)||9.77|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
Russia's top search engine Yandex is considering possible restructuring of its participation in joint projects, the company said on Tuesday. Russian media The Bell reported previously on Tuesday, citing unnamed sources, that Yandex and Sberbank, Russia's largest lender, could terminate their partnership in two projects - Yandex.Money and Yandex.Market. Yandex may place 5% of its additional A-class shares as part of the restructuring of this partnership, the Bell added.
(Bloomberg) -- Yandex NV will test a driverless car it developed with Hyundai Motor Co. in Detroit as the Russian technology giant makes plans to approximately double its fleet of self-driving vehicles.Yandex plans to buy 100 of the cars, which are souped-up versions of Hyundai’s Sonata, the company said in a statement on Tuesday. The test-drives, which had been planned around the now-canceled Detroit Auto Show, will commence on public roads in the city once lockdown restrictions are lifted, it said.Yandex and the South Korean company announced their partnership last year, seeking to create both a prototype of a driverless car and an autonomous control system that could be marketed to rival car manufacturers and car-sharing startups. The new, fourth-generation Hyundai model has been tweaked to help the system better detect what’s around the vehicles.The new Sonata has nine sensors, up from six, and has moved the radar system from underneath the bumpers to the roof, improving the system’s ability to distinguish objects around the car. Lidars, laser-based systems for measuring distance from a target, have also been moved to improve visibility. A human driver will be present in the car, but the vehicle should operate autonomously.Yandex operates a taxi service with its autonomous vehicles in the Russian city of Innopolis, though most of its fleet is currently occupied with test runs, which will gradually teach its driving software the skills it needs to react to incidents on the road. The company’s autonomous fleet, which recently exceeded 100 cars, have run 3 million autonomous miles, in cities including Moscow and Tel-Aviv.The road to mass-market robo-taxis has been fraught, with developers burning cash to create cars that can safely operate without a driver and win regulators’ approval. And the Covid-19 pandemic and accompanying lockdowns have hit the industry hard.Read more: The State of the Self-Driving Car Race 2020Competitors including General Motors Co.’s Cruise and Uber Technologies Inc. have cut staff recently, while Ford Motor Co. shifted plans to start self-driving services by a year to 2022. Self-driving trucks startup Starsky Robotics shut down in March with its founder saying that “supervised machine learning doesn’t live up to the hype.”Still, the promise of driverless vehicles and the revolution they could bring to everything from personal transportation to logistics, means the technology is still attracting investors. Amazon.com Inc. is in talks to acquire autonomous vehicle startup Zoox Inc., the Wall Street Journal reported last week. Analysts from Morgan Stanley estimate that Amazon could save $20 billion a year with the technology, which would also allow the e-commerce giant to compete in ride-sharing and food delivery.Read more: Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its HeelsYandex, Russia’s largest internet-search engine and ride-hailing operator, has spent $35 million over the past three years to develop its self-driving cars, using technologies such as machine learning and image recognition from its other businesses.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
London-based ride-hailing service Wheely risks being banned in Moscow after it said it refuses to share vehicle geolocation data with the authorities, citing passenger privacy rights. Popular among wealthy Muscovites, Wheely - which also operates in London and Paris - suspended its operations in the Russian capital in April after the mayor's office banned premium transport services under measures to curb the coronavirus. With Moscow now easing those measures, Wheely was given permission to resume its services, provided it complied with a new requirement issued by the mayor on May 21 that ride-hailing firms must share geolocation data for health and safety reasons.
Yandex (YNDX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
As COVID-19 continues to transform our economic reality, two megatrends are converging to create a once in a lifetime investment opportunity
Visa (NYSE: V) is pushing deeper into the ever-growing digital payments sphere by signing up a raft of global players in that segment to be part of its Visa Token Service. The card giant announced Wednesday that it had added 28 partners for the service, including prominent Russian internet company Yandex's Yandex.Money and other international "gateway" payment service providers. Once these partners are certified, they will be able to tokenize all transactions effected by and through their clients on Visa cards.
A flotation of Yandex.Taxi, a joint venture between Russia's top search engine Yandex and Uber Technologies Inc, is currently not a priority for the Russian company, its managing director told the Bell news outlet on Wednesday. Yandex.Taxi, the country's top online taxi service and the fastest growing business for Yandex, hired investment banks late last year to prepare for its long-awaited initial public offering in the first half of 2020.
On the call today we have Tigran Khudaverdyan, our Deputy Chief Executive Officer; Daniil Shuleyko, our Chief Executive Officer of Yandex.Taxi; and Greg Abovsky, our Chief Operating and Chief Financial Officer. Arkady Volozh, our Founder and Chief Executive Officer; Vadim Marchuk, our VP of Corporate Development; and Yevgeny Senderov, Chief Financial Officer of Yandex.Taxi will be available on the Q&A session.
Yandex.Taxi, the ride-hailing arm of Russian internet giant Yandex <YNDX.O>, is hoping to remain profitable in the second half of this year despite a sharp drop in sales as coronavirus restrictions keep people across the country at home. Yandex.Taxi, part of Yandex's taxi segment, which also includes its driverless cars and food delivery service, brought the company almost 25% of its first-quarter revenue, with adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) returning a profit for the fourth consecutive quarter, company results showed on Tuesday. Yandex was preparing for a initial public offering (IPO) of its taxi segment in the first half of 2020, three banking sources told Reuters in November, and had already hired three investment banks for the purpose, but the coronavirus outbreak has put market events on hold.
Shares of Yandex (NASDAQ:YNDX) rose 1.4% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 31.03% year over year to $0.20.Revenue of $604,700,000 higher by 4.98% year over year.Guidance Yandex hasn't issued any earnings guidance for the time being.Yandex hasn't issued any revenue guidance for the time being.Details Of The Call Date: Apr 28, 2020View more earnings on YNDXTime: 09:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/nh557czyRecent Stock Performance 52-week high: $48.95Company's 52-week low was at $27.93Price action over last quarter: down 17.18%Company Profile Yandex NV is an internet and technology company and operating internet search engines in Russia. It builds products and services powered by machine learning. The company operates through following segments namely, Search and Portal; Taxi; E-commerce; Classifieds; Media Services; Other Bets and Experiments. Search and Portal segment offers services in Russia, Belarus, Kazakhstan which generates most of the revenue.See more from Benzinga * 11 Communication Services Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Russian internet firm Yandex is working with local laboratories to offer a new service allowing Moscow's residents to get tested for the novel coronavirus at home during the lockdown, it said on Thursday. Yandex, sometimes referred to as "Russia's Google," offers a wide array of online services including an internet search engine, taxi reservations and food deliveries. Yandex said the tests would be made available to people in other age groups and regions when more laboratories begin testing for the novel coronavirus.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Russian online retailer Ozon plans to spend more than $300 million on logistics in the next two to three years, its CFO Daniil Fedorov told Reuters, and has also talked to investment banks about a possible stock market listing. Ozon, which sells everything from white goods to children's clothes, wants to increase market share in Russia's crowded e-commerce sector, which analysts expect to grow significantly in the coming years, as large companies, including Yandex and Mail.Ru and Sberbank jostle for space. Ozon's sales increased 93% to 80.7 billion roubles ($1.1 billion) in 2019 and the volume of orders more than doubled to 32.2 million.
Russian technology giant Yandex wants to launch a worldwide fleet of 'robotaxis' using its driverless car software and thinks this is possible within a few years, the company's head of driverless cars Dmitry Polishchuk told Reuters. Yandex, which provides an array of online services including ride-hailing and food delivery services, began testing its driverless car technology in 2017 and continues to do so in Moscow and Israel, with a licence to begin testing in the United States from June 2020. It is competing to build technology that could operate alongside that of ride-hailing firms, such as Lyft and Uber, and provide driverless taxi services globally.
Sberbank and Chinese technology giant Huawei said on Tuesday they had formed a strategic partnership to provide cloud services for Russian businesses, extending the reach of Russia's largest bank into the country's digital economy. SberCloud.Advanced clients, which Sberbank hopes will range from large businesses to small and medium-sized enterprises (SMEs) and start-ups, will have access to 37 new cloud services, and will represent a first on the Russian market because all services will be fully integrated into one system. State-owned Sberbank, which has investments in Russian internet giants Yandex and Mail.Ru, has been steadily transforming itself from banking to online services.
(Bloomberg) -- Alphabet Inc.’s Google has reached a settlement with state attorneys general over the states’ use of consultants in their antitrust investigation of the internet search giant.Google in October went to court to restrict the Texas Attorney General’s office from disclosing sensitive information to consultants who have worked for competitors and other companies such as News Corp. and Microsoft Corp that have complained about Google to regulators.Both sides reached a settlement that places some restrictions on how the experts can access confidential business information, Google said on Friday.Google had raised concerns over Texas Attorney General Ken Paxton’s hiring of consultants including Cristina Caffarra, an economist with Charles River Associates. She has worked for Google adversaries News Corp. and Microsoft as well as Russia’s Yandex NV, according to court filings.“We remain concerned with the irregular way this investigation is proceeding, including unusual arrangements with advisers who work for our rivals and vocal critics,” Google said in a statement.Paxton later released a statement saying, “With this agreement, experts retained by the state will not be burdened with the unreasonable prohibitions sought by Google. They will be able to lend their important expertise to the state without fear of being frozen out of other employment within their field.”(Updates with Paxton statement, in final paragraph.)To contact the reporters on this story: David McLaughlin in Washington at email@example.com;Ben Brody in Washington, D.C. at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. Cognitive Pilot develops components for self-driving cars as well as autonomous control systems for agricultural machinery, trains and trams. It lists state rail operator Russian Railways, farming conglomerate Rusagro and South Korean auto parts maker Hyundai Mobis among its clients.
Yandex (NASDAQ: YNDX) is a company with a wide range of online services, such as internet search, ride-hailing, food delivery, and payments. 49% of Yandex's year-on-year growth belongs to the ride-hailing division, Yandex.Taxi, which covers activities like taxi, food delivery, and driverless cars. Development of technology for Driverless cars was started in 2016 and is currently ready to be tested outside Russia.
Internet company Yandex, which reported lower growth in fourth-quarter profit on Friday, is poised to test its driverless cars outside Russia this year. Yandex has invested 2.2 billion roubles ($34.66 million) in driverless cars since it began working on the technology in 2016, the company's Deputy CEO Tigran Khudaverdyan said on Friday. Yandex is racing to develop driverless vehicles for mass consumption along with several other companies, including Google parent Alphabet, which has the self-driving car division Waymo.