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

Synaptics Incorporated (NASDAQ:SYNA) shares surged after reporting Q1 earnings and sales that exceeded expectations, with several analysts raising price targets. Other stocks also saw gains following positive financial results, including Blink Charging Co. (NASDAQ:BLNK), which reported strong Q3 revenue and raised its 2023 revenue target. Stocks like Ouster, Inc. (NYSE:OUST), VIZIO Holding Corp. (NYSE:VZIO), and others mentioned in the article also experienced increases after reporting upbeat quarterly results.

Portfolio Pulse from Lisa Levin

November 10, 2023 | 4:51 pm

Rosenblatt analyst Kevin Cassidy has maintained a Buy rating on Ouster (NYSE:OUST) but reduced the price target from $17.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 3:36 pm

Ouster, a leading provider of high-resolution lidar sensors, has projected its Q4 2023 revenue to be between $23M and $25M, which is lower than the estimated $25.63M.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 11:08 pm

Ouster, Inc. (NYSE:OUST), a provider of lidar sensors, announced major software achievements to serve the growing demand for lidar-powered smart infrastructure solutions. This includes the unification of Blue City and Ouster Gemini, the addition of new AI perception models, and booking software coupled sales worth millions of dollars. Ouster expanded its product portfolio to include software solutions earlier this year, starting with the release of Ouster Gemini, its digital lidar perception platform. The company then added Blue City, a traffic management solution, to its offerings following its merger with Velodyne. Ouster booked software coupled sales worth millions of dollars in the third quarter, including a significant deal to deploy its digital lidar hardware coupled with Ouster Gemini at over 130 logistics sites.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:44 pm

Ouster (NYSE:OUST) reported Q3 2023 earnings per share (EPS) of $(0.89), beating the analyst consensus estimate of $(1.16) by 23.28%. This is a 55.5% increase over losses from the same period last year. The company also reported quarterly sales of $22.21 million, beating the analyst consensus estimate of $21.17 million by 4.91%. This is a 98.29% increase over sales from the same period last year.

Portfolio Pulse from totan@benzinga.com

November 09, 2023 | 9:33 pm

Several IT stocks experienced significant movement in Thursday's after-market session following the release of Q3 earnings reports. Crexendo, Ouster, Synaptics, Datasea, AgileThought, and Kopin saw increases, while Rigetti Computing, Unity Software, Vuzix, CS Disco, WiSA Technologies, and Onto Innovation experienced decreases.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:31 pm

Ouster is continuing its patent case against Hesai in district court and is seeking to bar infringing products in the U.S. The International Trade Commission (ITC) terminated the investigation on October 11 to allow for arbitration before a ruling was made on the merits of the patent infringement complaint.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:19 pm

The U.S. International Trade Commission (ITC) has terminated a patent infringement investigation initiated by Ouster (NYSE:OUST) against Hesai Group (NASDAQ:HSAI). The ITC confirmed Hesai's motion to terminate the investigation, affirming that Ouster's allegations were baseless. Hesai has accused Ouster of spreading false information about Hesai's lidar products and its ties to the Chinese government.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:20 pm

Ouster, Inc. (NYSE:OUST) has issued a statement regarding its ongoing patent infringement case against Hesai Group (NASDAQ:HSAI). The Administrative Law Judge recommended that the investigation be terminated to allow arbitrators time to decide whether Ouster is required to arbitrate based on a prior Settlement Agreement between Velodyne and Hesai. Ouster alleges that Hesai stole its patented technologies and incorporated them into competing products. The case is currently stayed pending the ITC investigation.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 1:01 pm

Hesai Group (NASDAQ:HSAI), a global leader in LiDAR solutions, has announced positive developments in its patent infringement lawsuit against Ouster, Inc. (OUST). The ITC Administrative Law Judge has granted Hesai's motion to terminate the patent infringement investigation brought by Ouster.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 9:02 am

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