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

7.75

Mkt cap

413M

Volume

878K

High

7.98

P/E Ratio

-3.42

52-wk high

16.88

Low

7.55

Div yield

N/A

52-wk low

4.68

In Thursday's intraday session, notable movements were observed in the Information Technology sector. Ouster, Strong Global, Meta Materials, Argo Blockchain, Bit Digital, and The9 were among the gainers, with Ouster leading by a 20% increase following its Q4 earnings report. On the downside, Data Storage, Movella Holdings, WeTrade Group, Presto Automation, Braze, and Intellinetics experienced declines, with Data Storage dropping 22.3% after its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 4:31 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Ouster (NYSE:OUST) and maintained a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:20 pm

In Wednesday's intraday session, several Information Technology stocks showed significant movement. MariaDB (MRDB) and Ouster (OUST) were among the top gainers, with MRDB shares rising 70.2% and OUST by 34.93%, following their Q4 earnings reports. Conversely, Wetouch Technology (WETH) and Bit Origin (BTOG) led the losers, with declines of 35.2% and 24.15%, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 4:31 pm

Ouster's stock price increased following the announcement of its Q4 financial results and future guidance.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:59 pm

Ouster reported Q4 2023 GAAP EPS of $(0.95), missing the $(0.83) estimate, but its sales of $24.444M exceeded the $24.063M estimate, marking a 123.48% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 8:43 pm

Ouster projects its Q1 2024 revenue to be between $25 million and $26 million, aligning closely with the estimated $25.01 million.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 8:29 pm

Ouster (NYSE:OUST) reported Q4 earnings with a per-share loss of $(0.95), missing the $(0.83) estimate, but sales of $24.44M exceeded the $24.06M forecast. This represents a significant improvement over the previous year's results.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 8:27 pm

Numerous companies are scheduled to report their earnings on March 26, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include bluebird bio with an expected quarterly loss, Elbit Systems projecting earnings, and GameStop anticipated to report earnings. Other companies like McCormick & Co and TD Synnex are also expected to report significant earnings, while firms like AEye and Ouster are projected to report losses.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:47 am

Ouster, a provider of high-resolution digital lidar sensors, anticipates its Q4 revenue to meet or exceed the midpoint of its previously issued guidance range of $23 million to $25 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 1:01 pm

Ouster, Inc. (NYSE:OUST) shares have been trending higher since November, with significant gains following their Q3 earnings report, which surpassed top and bottom line estimates. The company provided Q4 revenue guidance between $23 million and $25 million, compared to the $25.63 million estimate. Recently, Ouster achieved ISO 27001 InfoSec certification, demonstrating a commitment to high standards of data security, which led to a stock increase of over 25% after the announcement. OUST shares closed up 13.5% at $8.20.

Portfolio Pulse from Ryan Gustafson

December 27, 2023 | 1:27 am

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