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Ouster, Inc. - OUST STOCK NEWS

Welcome to our dedicated page for Ouster news (Ticker: OUST), a resource for investors and traders seeking the latest updates and insights on Ouster stock.

Ouster, Inc. (symbol: OUST) is a leading provider of advanced lidar sensors, catering to diverse industries such as automotive, industrial, robotics, and smart infrastructure. Founded with a vision to revolutionize autonomous vehicles and drones, Ouster develops high-performance sensor hardware and cutting-edge vision algorithms. The company's state-of-the-art products include high-resolution scanning and solid-state digital lidar sensors, complemented by their Velodyne Lidar sensors and sophisticated software solutions.

Ouster's commitment to innovation is evident as they continuously strive to push the boundaries in sensor technology. Their team of versatile engineers is dedicated to advancing autonomous systems that can navigate and thrive in the complexities of the real world. From coding to hardware development, every team member contributes to accelerating the reality of self-driving cars and drones.

Operating across the Americas, Asia and Pacific, Europe, Middle East, and Africa regions, Ouster derives the majority of its revenue from the Americas. Their strategic partnerships and ongoing projects highlight their significance in the industry.

Stay updated with the latest news and developments from Ouster, Inc., as they continue to lead the charge in transforming the future of autonomous technology.

Rhea-AI Summary
Ouster, Inc. (NYSE: OUST) will announce its Q4 2023 financial results on March 26, 2024, followed by a conference call to discuss the results. The call will be accessible via webcast and telephone replay. Registration details can be found on the company's investor website.
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Ouster, Inc. (NYSE: OUST) expects Q4 2023 revenue to be at or above the midpoint of the previous guidance range, with preliminary results indicating a range of $23 to $25 million. CEO Angus Pacala expressed confidence in the company's performance, attributing it to the team's delivery on its strategy of enabling autonomous solutions across various industries.
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Ouster, Inc. (NYSE: OUST) achieved certification to ISO/IEC 27001:2022, demonstrating the company's commitment to information security. The certification ensures the highest standards of data security for its customers and partners, covering its lidar system, firmware, SDK, and digital lidar visualizer.
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Ouster, Inc. (NYSE: OUST) reported over $22 million in revenue and $38 million in bookings for Q3 2023, achieving $120 million in cost savings. The company aims for revenue growth, gross margin expansion, and cost management. The PR highlights improved gross margins, strong bookings, and cost reductions. Ouster also announced targets for revenue growth, margin expansion, and cost management, reflecting a positive outlook for the company's financial performance and strategic direction.
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Ouster, Inc. (NYSE: OUST) announced major software achievements, unifying Blue City traffic management under the Ouster Gemini platform, introducing new AI perception models, and booking millions of dollars in software coupled sales. The company expanded software deployments to over 375 sites, catering to the growing demand for lidar-powered smart infrastructure solutions.
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Ouster, Inc. (NYSE: OUST) will report its Q3 2023 financial results on November 9, 2023. A conference call will be held at 5:00 p.m. ET on the same day to discuss the results. Registration for the conference call can be completed at https://conferencingportals.com/event/ERDXYEAl.
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Ouster announces progress in patent infringement case against Hesai Group
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Ouster, Inc. issues statement on ITC investigation into unfair trade practices of Hesai Group. ALJ recommends termination of investigation to allow arbitration. Ouster seeks to enforce patents and bar infringing products from the US.
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Cyngn secures pre-order of 100 DriveMod Forklifts from Arauco, representing up to $5 million in annual recurring EAS license revenues
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Ouster, Inc. has appointed Cyrille Jacquemet as the Senior Vice President of Global Sales. Cyrille will be responsible for overseeing worldwide sales, marketing, and customer success. He has been a strategic sales leader at Ouster since 2018 and brings significant global commercial experience to his new role. Cyrille has a fifteen-year career in building and guiding sales organizations for technology companies in the U.S. and Europe. Ouster is well-positioned for near and long-term growth with its technology and team.
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FAQ

What is the current stock price of Ouster (OUST)?

The current stock price of Ouster (OUST) is $11.98 as of December 20, 2024.

What is the market cap of Ouster (OUST)?

The market cap of Ouster (OUST) is approximately 546.5M.

What does Ouster, Inc. specialize in?

Ouster, Inc. specializes in advanced lidar sensors and vision algorithms for industries like automotive, industrial, robotics, and smart infrastructure.

What products does Ouster offer?

Ouster offers high-resolution scanning lidar sensors, solid-state digital lidar sensors, Velodyne Lidar sensors, and software solutions.

In which regions does Ouster operate?

Ouster operates in the Americas, Asia and Pacific, Europe, Middle East, and Africa regions.

What is the primary source of revenue for Ouster?

Ouster derives the majority of its revenue from the Americas.

What kind of projects is Ouster involved in?

Ouster is involved in projects related to autonomous cars and drones, focusing on high-performance sensors, localization, object detection, tracking, and classification.

Who makes up the team at Ouster?

Ouster's team is composed of versatile engineers who work on both software and hardware development, aiming to advance robotics and autonomous systems.

What industries benefit from Ouster's lidar technology?

Industries such as automotive, industrial, robotics, and smart infrastructure benefit from Ouster's advanced lidar technology.

What is unique about Ouster's development approach?

Ouster's engineers wear many hats, contributing to both coding and hardware, and focus on building systems that can handle real-world complexities.

How does Ouster contribute to the future of autonomous vehicles?

Ouster develops high-performance sensors and vision algorithms that are crucial for the advancement of autonomous vehicles, aiming to make self-driving cars and drones a reality sooner.

Where can I find the latest updates on Ouster, Inc.?

You can find the latest updates and news about Ouster, Inc. (OUST) on their official website and various financial news platforms.

Ouster, Inc.

NYSE:OUST

OUST Rankings

OUST Stock Data

546.48M
46.93M
8.66%
43.64%
9.64%
Electronic Components
General Industrial Machinery & Equipment, Nec
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United States of America
SAN FRANCISCO