Telenav (TNAV) spotted trading -0.57% off 52-week high price. On the other end, the stock has been noted 158.21% away from the low price over the last 52-weeks. The stock changed 0.58% to recent value of $8.65. The stock transacted 317424 shares during most recent day however it has an average volume of 298.43K shares. The company has 45.08M of outstanding shares and 35.07M shares were floated in the market.
Telenav®, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, stated that it has selected Hewlett Packard Enterprise (HPE) executive Adeel Manzoor to become the company’s Chief Financial Officer. Manzoor comes to Telenav after serving as Chief Financial Officer & Vice President of Storage & Big Data; Chief Financial Officer & Vice President of Mission Critical Systems & High Performance Compute and as Chief Financial Officer & Vice President of Converged Infrastructure for HPE. At Telenav, he succeeds Fuad Ahmad, who has served as Telenav’s consulting interim CFO since January 2019. Ahmad, a partner of consulting firm FLG Partners, LLC, plans to continue to provide financial consulting services to the company until the end of September for transition purposes.
HP Jin, Telenav Chairman and CEO said “Adeel is an accomplished financial executive, and we are extremely pleased to have him join Telenav,”. “His years of successful and meaningful leadership at HPE and its predecessor Hewlett-Packard Company (HP) are a clear indication of his capabilities. We will leverage his extensive operational and financial expertise as Telenav delivers its next generation of enabled software and services for automobile manufacturers.”
In Manzoor’s multiple CFO positions at HPE, his key responsibilities spanned across full P&L management, short-term forecasting, budgeting, strategic planning, Go-to-Market, OPEX management, R&D portfolio planning, NPI, executive scorecard, executive communications, business intelligence, and strategic initiatives, including M&A.
Other positions he held at HPE or HP include: Head of Strategic Finance & Business Intelligence – Enterprise Group; Director Finance – Investor Relations; Finance Leader, Worldwide Financial Planning & Analysis and Business Performance Analytics; and several Finance Manager positions.
Prior to joining HP, Manzoor worked for Big Four accounting and professional services firm Ernst & Young LLP in the assurance and advisory practice.
Manzoor said “I am honored and very excited as I start the next chapter in my career at Telenav,”. “This is an exciting time for Telenav, as the company evolves from a respected leader in in-car navigation services to a company whose goal is to create the world’s largest network of connected vehicles. To me, being a part of that is exciting and challenging.”
Manzoor holds two master’s degrees, an MBA in International Business from ESCP-EAP Oxford/Asian Institute of Technology and a MS in Accounting and Finance from New Mexico State University. He also holds a bachelor’s degree in both Commerce and Marketing from Punjab University. He joined Telenav on July 1, and is based in the company’s headquarters in Santa Clara, California.
Its earnings per share (EPS) expected to touch remained -44.60% for this year while earning per share for the next 5-years is expected to reach at 25.00%. TNAV has a gross margin of 42.20% and an operating margin of -26.80% while its profit margin remained -25.80% for the last 12 months.
According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 9.94% from the mean of 20 days, 17.47% from mean of 50 days SMA and performed 55.26% from mean of 200 days price. Company’s performance for the week was 3.84%, 19.81% for month and YTD performance remained 113.05%.
Jeffrey Peterson a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Jeffrey has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Top Movers category.
Email Contact: [email protected]
House Address: 4226 St Jean Baptiste St, Lac Edouard, Quebec
Zip Code: G0A 2G0
Phone Number: 819-653-7101