![]() Today’s Luminar Day event was so full of news, the company delivered three separate press releases in addition to the live webcast from its Orland HQ you can view in its entirety below. The Iris+ Lidar Sensor / Credit: Luminar Luminar Day filled with several key announcements Just last week, Mercedes-Benz announced an expansion of its existing partnership with Luminar with an investment reportedly in the “multi-billions,” which will enable it to implement Luminar’s next-generation sensor technology, Iris+, into all future Mercedes-Benz models.ĭuring its Luminar Day event held today, the company officially unveiled the long-anticipated Iris+ lidar sensor as well as several other key updates to its business strategy. Volvo brand Polestar has also tapped Luminar for its EVs beginning with the Polestar 3 SUV. Volvo has continued to expand its relationship with Luminar over the years, showcasing the latter’s lidar sensor technology in its upcoming EX90 SUV – an EV Volvo is already hailing as the safest it has ever produced. At the time, Luminar’s Iris lidar was being implemented in Volvo Cars vehicles as a prime component in the automaker’s Highway Pilot self-driving feature. We first learned of Luminar’s Iris lidar sensor following a $100 million funding round it received in 2019 before going public via SPAC deal in the summer of 2020. ($LAZR) is an automotive component company founded in 2012 that has established itself as one of the industry leaders in lidar and machine perception technology. If you weren’t already aware, Luminar Technologies Inc. ![]() ![]() Lots to unfold here, so let’s get started. This includes new lidar like its Iris+ sensor, a more clear product roadmap bolstered by a new high-volume production facility in North America, and consolidated subsidiaries into a new semiconductor business. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Global automotive tech company and lidar specialist Luminar Technologies hosted its annual Luminar Day event at its headquarters in Orlando, Florida, today, offering a slew of updates on its progress. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 177, putting it in the bottom 30% of all 250+ industries. The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. is currently sporting a Zacks Rank of #4 (Sell). Within the past 30 days, our consensus EPS projection has moved 4.05% lower. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. ![]() Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.88 million, up 4.4% from the year-ago period.Īny recent changes to analyst estimates for Luminar Technologies, Inc. This would mark a year-over-year decline of 83.33%. In that report, analysts expect Luminar Technologies, Inc. as it approaches its next earnings release. Investors will be hoping for strength from Luminar Technologies, Inc. In that same time, the Auto-Tires-Trucks sector gained 19.83%, while the S&P 500 gained 0.67%. Meanwhile, the Dow gained 0.33%, and the Nasdaq, a tech-heavy index, lost 5.2%.Ĭoming into today, shares of the company had gained 19.74% in the past month. This move outpaced the S&P 500's daily gain of 0.53%. (LAZR) closed at $7.46, marking a +0.81% move from the previous day. In the latest trading session, Luminar Technologies, Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |