Streetbeat News

ESLOY

EssilorLuxottica

https://www.essilorluxottica.com/

Industry

Ophthalmic Goods Manufacturing

Open

120.30

Mkt cap

110B

Volume

575

High

121.39

P/E Ratio

45.92

52-wk high

123.57

Low

120.30

Div yield

0.01

52-wk low

94.55

Meta CEO Mark Zuckerberg has criticized the current social media experience on smartphones as 'anti-social' and is focusing on developing Ray-Ban smart glasses to offer a more natural interaction. Meta has acquired a 5% stake in EssilorLuxottica to support this development. Rival Apple is also reportedly working on its own smart glasses, while Google has shown interest in partnerships with EssilorLuxottica.

Portfolio Pulse from Benzinga Neuro

August 09, 2024 | 5:40 am

EssilorLuxottica (OTC:ESLOY) has seen a rise in its stock price following interest from major tech companies, including Alphabet Inc's Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META), in potential partnerships. This interest comes after EssilorLuxottica's collaboration with Meta to develop Ray-Ban smart glasses. Meta is also reportedly considering acquiring a 5% stake in EssilorLuxottica.

Portfolio Pulse from Vandana Singh

July 26, 2024 | 5:35 pm

Meta Platforms Inc. (NASDAQ:META) is set to acquire a 5% stake in EssilorLuxottica (OTC:ESLOY), the maker of Ray-Ban smart glasses. Financial expert Jim Cramer believes this move could significantly impact Meta's future in the wearable tech space. The deal, valued at approximately $5 billion, is expected to strengthen the partnership between the two companies and enhance Meta's position in the competitive wearable tech market. Meta's stock saw a rise following the news.

Portfolio Pulse from Benzinga Neuro

July 19, 2024 | 1:58 am

Meta Platforms Inc (NASDAQ:META) is trading higher after the Wall Street Journal reported that it plans to acquire a 5% stake in eyewear company EssilorLuxottica (OTC:ESLOY). The partnership aims to leverage the success of Ray-Ban Meta smart glasses, with future developments including 'full holographic' glasses and a third generation of smart glasses expected by 2025. Meta's stock has gained over 50% in the last 12 months, and investors can gain exposure via Vanguard Communication Services ETF (NYSE:VOX) and Communication Services Select Sector SPDR Fund (NYSE:XLC).

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 4:04 pm

Eastman Kodak Co (KODK) has signed a perpetual, global brand licensing deal with Essilorluxottica (ESLOF, ESLOY). The deal, effective from January 1, 2024, grants EssilorLuxottica exclusive rights to use the Kodak registered trademarks for its products and services. The financial terms of the deal were not disclosed. Following the news, KODK shares rose by 2.22%.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 6:09 pm

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