Streetbeat News

OUST

Ouster, Inc.

https://www.ouster.com

Industry

Hardware, Equipment & Parts

Ouster, Inc. designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

Open

8.87

Mkt cap

462M

Volume

High

9.56

P/E Ratio

-3.98

52-wk high

16.88

Low

8.85

Div yield

N/A

52-wk low

4.65

Cyngn has secured a preorder of 100 DriveMod forklifts from Arauco, a global provider of sustainable forestry products. This represents up to $5M in annual recurring EAS license revenues. Cyngn uses Ouster's REV7 lidar sensors to maximize DriveMod's self-driving capabilities and detect pallet stack attributes.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 11:05 am

Citigroup analyst Itay Michaeli has maintained a Neutral rating on Ouster (NYSE:OUST) and raised the price target from $6.1 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 1:29 pm

Several stocks experienced significant price movements in Friday's mid-day session. Amyris, Inc. (AMRS) and Proterra Inc. (PTRA) both filed for Chapter 11 bankruptcy, causing their shares to jump 179.1% and 37% respectively. Rigetti Computing, Inc. (RGTI), Telesat Corporation (TSAT), Ouster, Inc. (OUST), Evolv Technologies Holdings, Inc. (EVLV), Innodata Inc. (INOD), Apyx Medical Corporation (APYX), IonQ, Inc. (IONQ), 2U, Inc. (TWOU), Groupon, Inc. (GRPN), Bitdeer Technologies Group (BTDR), MicroCloud Hologram Inc. (HOLO), Tango Therapeutics, Inc. (TNGX), Eton Pharmaceuticals, Inc. (ETON), ModivCare Inc. (MODV), WeWork Inc. (WE), Arco Platform Limited (ARCE), Semler Scientific, Inc. (SMLR), Soho House & Co Inc. (SHCO), CleanSpark, Inc. (CLSK), Consolidated Water Co. Ltd. (CWCO), Apellis Pharmaceuticals, Inc. (APLS), Pagaya Technologies Ltd. (PGY), Erasca, Inc. (ERAS), NextNav Inc. (NN), and Holley Inc. (HLLY) all reported better-than-expected results, causing their shares to rise. Cano Health, Inc. (CANO) reported worse-than-expected results and is pursuing a sale process, causing its shares to dip 70.7%. Yield10 Bioscience, Inc. (YTEN) announced pricing of a $3.7 million public offering, causing its shares to fall 58.1%. Maxeon Solar Technologies, Ltd. (MAXN) reported mixed results and issued FY23 revenue guidance below estimates, causing its shares to fall 32%.

Portfolio Pulse from Lisa Levin

August 11, 2023 | 5:47 pm

Ouster, Inc. (NYSE:OUST) reported better-than-expected Q2 financial results and issued Q3 revenue guidance, leading to a rise in its stock price. The company reported a 10% decrease in losses and an 87.78% increase in sales year-over-year. Ouster also issued a Q3 revenue guidance of between $20 million and $22 million. Rosenblatt analyst Kevin Cassidy reiterated a Buy rating and maintained a price target of $17.50 on OUST.

Portfolio Pulse from Erica Kollmann

August 11, 2023 | 3:49 pm

Ouster reported better-than-expected Q2 financial results and issued Q3 revenue guidance, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 2:24 pm

Rosenblatt analyst Kevin Cassidy has reiterated a 'Buy' rating on Ouster (NYSE:OUST) and maintained a price target of $17.5.

Portfolio Pulse from richadhand@benzinga.com

August 11, 2023 | 11:02 am

Ouster, a leading provider of high-resolution lidar sensors, expects its Q3 revenue to be between $20M and $22M.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 8:40 pm

Ouster (NYSE:OUST) reported Q2 adjusted EPS of $(1.44), beating the estimate of $(1.45) by 0.69%. This is a 10% increase over losses from the same period last year. The company also reported quarterly sales of $19.40M, beating the estimate of $19.32M by 0.39%. This is an 87.78% increase over sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

August 10, 2023 | 8:22 pm

NASA plans to issue a sole source contract to Ouster for 3D Light Detection and Ranging (LIDAR) sensors, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:57 pm

Several companies have had their price targets adjusted by various analysts. Keybanc raised Spotify's target from $180 to $205, while Morgan Stanley increased Boyd Gaming's target from $69 to $75. Chardan Capital raised Ouster's target from $1 to $10, and Raymond James reduced NOV's target from $29 to $27. Stephens & Co. raised McDonald's target from $300 to $325 and Starbucks' from $103 to $110. Needham increased Coinbase's target from $70 to $120, while JP Morgan cut AT&T's target from $22 to $17. UBS raised Microsoft's target from $345 to $400, Baird increased Albany International's target from $101 to $120, and HC Wainwright & Co. raised ACADIA Pharmaceuticals' target from $28 to $33.

Portfolio Pulse from Lisa Levin

July 14, 2023 | 12:02 pm

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