We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Telenav Augments Parking Solutions With Parkopedia Tie-Up
Read MoreHide Full Article
Connected-car services provider, Telenav, Inc. recently announced a partnership with Parkopedia to introduce hassle-free parking services through its much-acclaimed In-Car Commerce (“ICC”) platform and VIVID Commerce solution. Markedly, the ICC platform saves valuable time and money of the drivers, enabling them to make on-the-go purchases in a safe and convenient manner. The partnership underscores Telenav’s commitment to deliver avant-garde Internet-based entertainment services, especially at a time when parking operators migrate toward advanced technologies for seamless parking experiences.
It is worth mentioning that in-car commerce is being considered as the new trendsetter in the domain of automated driving industry as well as for various e-commerce companies. With advanced parking facilities in 89 countries, Parkopedia leads the list of providing innovative in-car commerce solutions. The company provides real-time parking information and leverages in-car technology to create a seamless experience for drivers. Its innovative data collection technology includes proprietary software, computer vision and AI. Further, Parkopedia’s services are incorporated in more than 20 of the world’s leading automotive brands like BMW, Ford Motor Company (F - Free Report) , General Motors Company (GM - Free Report) and Toyota Motor Corporation (TM - Free Report) .
Telenav’s VIVID Commerce, a unit of VIVID connected-car platform, is a personalized cloud-connected infotainment platform that provides OEMs with a faster way to offer drivers with best-in-class features like entertainment, navigation and commerce with proper vehicle controls. Its all-in-one architecture and seamless cloud services are the primary revenue generators for the company. The incorporation of Parkopedia’s parking technology into VIVID Commerce platform will enable drivers to reserve and pay for off-street parking with first-hand access to real-time parking information. For extra safety and security, the combined solution will also feature voice assistance technologies.
Telenav has established itself as one of the premier companies in the auto industry, offering smarter and safer connected car solutions to Tier-1 automotive suppliers and OEMs. The Santa Clara, CA-based company also leverages its location-based service platform and data intelligence to develop advanced offerings for automotive consumers. With a flexible and scalable platform, Telenav is considered to be a pioneer in the field of mobile navigation and has incorporated the same in nearly 20 million vehicles. Notably, Telenav believes that its differentiated product portfolio, including connected navigation, VIVID infotainment platform and In-Car Commerce bode well for future opportunities with consistent investments in high-growth markets.
The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.4% downward in the past 30 days to 22 cents. The stock is currently trading with a forward P/E of 25X. Shares of Telenav have lost 24.3% against the industry’s growth of 5.5% in the past year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Telenav Augments Parking Solutions With Parkopedia Tie-Up
Connected-car services provider, Telenav, Inc. recently announced a partnership with Parkopedia to introduce hassle-free parking services through its much-acclaimed In-Car Commerce (“ICC”) platform and VIVID Commerce solution. Markedly, the ICC platform saves valuable time and money of the drivers, enabling them to make on-the-go purchases in a safe and convenient manner. The partnership underscores Telenav’s commitment to deliver avant-garde Internet-based entertainment services, especially at a time when parking operators migrate toward advanced technologies for seamless parking experiences.
It is worth mentioning that in-car commerce is being considered as the new trendsetter in the domain of automated driving industry as well as for various e-commerce companies. With advanced parking facilities in 89 countries, Parkopedia leads the list of providing innovative in-car commerce solutions. The company provides real-time parking information and leverages in-car technology to create a seamless experience for drivers. Its innovative data collection technology includes proprietary software, computer vision and AI. Further, Parkopedia’s services are incorporated in more than 20 of the world’s leading automotive brands like BMW, Ford Motor Company (F - Free Report) , General Motors Company (GM - Free Report) and Toyota Motor Corporation (TM - Free Report) .
Telenav’s VIVID Commerce, a unit of VIVID connected-car platform, is a personalized cloud-connected infotainment platform that provides OEMs with a faster way to offer drivers with best-in-class features like entertainment, navigation and commerce with proper vehicle controls. Its all-in-one architecture and seamless cloud services are the primary revenue generators for the company. The incorporation of Parkopedia’s parking technology into VIVID Commerce platform will enable drivers to reserve and pay for off-street parking with first-hand access to real-time parking information. For extra safety and security, the combined solution will also feature voice assistance technologies.
Telenav has established itself as one of the premier companies in the auto industry, offering smarter and safer connected car solutions to Tier-1 automotive suppliers and OEMs. The Santa Clara, CA-based company also leverages its location-based service platform and data intelligence to develop advanced offerings for automotive consumers. With a flexible and scalable platform, Telenav is considered to be a pioneer in the field of mobile navigation and has incorporated the same in nearly 20 million vehicles. Notably, Telenav believes that its differentiated product portfolio, including connected navigation, VIVID infotainment platform and In-Car Commerce bode well for future opportunities with consistent investments in high-growth markets.
Telenav currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for the company’s current-year earnings has been revised 21.4% downward in the past 30 days to 22 cents. The stock is currently trading with a forward P/E of 25X. Shares of Telenav have lost 24.3% against the industry’s growth of 5.5% in the past year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>