Streetbeat News

LIDR

AEye, Inc.

https://www.aeye.ai

Industry

Auto - Parts

AEye, Inc. provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels. The company was formerly known as US LADAR, Inc. and changed its name to AEye, Inc. in March 2016. The company was founded in 2013 and is headquartered in Dublin, California.

Open

1.09

Mkt cap

9.8M

Volume

74K

High

1.13

P/E Ratio

-0.11

52-wk high

6.54

Low

1.09

Div yield

N/A

52-wk low

0.92

Several Information Technology stocks experienced significant movements in Friday's intraday session, with notable gains and losses attributed to recent earnings reports. AEye, Inseego, Ouster, Gen Digital, SkyWater Technology, and LightPath Technologies saw their stocks rise following their earnings announcements. Conversely, Evolv Technologies, Microvision, Baijiayun Group, JFrog, CS Disco, and Issuer Direct faced declines after their earnings reports.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 4:30 pm

Nasdaq fell by 0.2% amid mixed U.S. stock trading, influenced by a significant drop in U.S. consumer sentiment in May to its lowest in six months. Novavax and Sweetgreen surged following positive business developments, while MacroGenics, Evolv Technologies, and Flux Power Holdings faced steep declines due to disappointing financial results.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 4:22 pm

AEye Inc (NASDAQ:LIDR) shares surged 75% to $2.06 after announcing a partnership with LITEON Technology Corporation to supply 4Sight™-based lidar products to automotive OEMs, leveraging LITEON's expertise in automotive electronics.

Portfolio Pulse from Henry Khederian

May 10, 2024 | 2:52 pm

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. DNOW Inc. reported weaker-than-expected Q1 earnings. Novavax surged 128% after announcing a COVID-19 vaccine licensing agreement with Sanofi. iTeos Therapeutics and AEye also saw significant gains, while MacroGenics, Evolv Technologies, and Greenwave Technology Solutions experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 2:01 pm

Natera, Inc. shares surged 15% in pre-market trading following strong Q1 earnings, outperforming market expectations with lower losses and higher sales. Other stocks also showed significant pre-market movements, with notable gainers including Novavax, AEye, and Sensus Healthcare, and losers like MacroGenics and Progyny due to disappointing financial results.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 12:44 pm

Shares of iTeos Therapeutics, Novavax, and AEye are trading higher due to significant corporate developments. iTeos announced a $120 million offering and Q1 results, Novavax reported strong Q1 earnings and updated guidance, and AEye revealed a partnership with LITEON Technology.

Portfolio Pulse from ryanfaloona@benzinga.com

May 10, 2024 | 12:41 pm

In Friday's pre-market session, several Information Technology stocks showed significant movement. AEye, Inseego, WiSA Technologies, SoundHound AI, Movano, and Ouster were among the gainers, with notable increases in their stock prices. Conversely, Microvision, Evolv Technologies, Applied Optoelectronics, JFrog, X3 Holdings, and Navitas Semiconductor experienced declines. The movements were largely attributed to the release of Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 12:07 pm

AEye, Inc. (LIDR) shares are trading higher following the announcement of a partnership with LITEON Technology Corporation, indicating a positive market response to the new collaboration.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 10:54 am

AEye, Inc. (LIDR) shares surged following the announcement of a partnership with LITEON Technology Corporation, signaling a positive development for the company.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:13 pm

AEye, Inc. (NASDAQ:LIDR) and LITEON Technology Corporation have announced a partnership to supply AEye's 4Sight-based lidar products to automotive OEMs for use in Advanced Driver Assistance Systems (ADAS). This collaboration aims to leverage AEye's capital light business model and LITEON's industrialization capability to deliver competitive long-range lidar solutions.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:12 pm

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