The Latest Breaking News from LAZR

LiDAR company Luminar Technologies (LAZR) has fallen more than 55% year-to-date. However, the company has witnessed unusual options activity lately, indicating bullish investor sentiment. Given the stock’s fundamental weakness, it may not be wise to follow Wall Street’s bullishness and buy the stock. Read on to learn our view.

Luminar Technologies (LAZR) recorded significant growth in its total revenue for the second quarter ended June 2022. However, its bottom-line losses widened. The stock has declined almost 60% year-to-date and is trading near its 52-week low of $5.61. Let’s find out if you should buy LAZR at such lows or…

Although logistic disruptions and lingering macro issues might harm the auto parts industry in the short run, the industry’s long-term prospects look bright amid rapid technological advancement in automobiles and lucrative government initiatives. While quality auto parts stocks O'Reilly Automotive (ORLY), AutoZone (AZO), and Goodyear Tire & Rubber (GT) could…

Even though the market for electric vehicles (EVs) is growing, supply chain issues and a lack of EV charging stations are still holding it back. Moreover, rising geo-political conflicts might further deteriorate the supply chain. Therefore, beaten down and fundamentally-weak EV supplier stocks Wolfspeed (WOLF), Luminar (LAZR), and EVgo (EVGO)…

Luminar Technologies Inc (NASDAQ:LAZR) has officially joined the U.S. Russell 2000 Index, effective June 27, 2022. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. About 30 million shares of Luminar's stock are expected to be purchased and held by…

With the increasing demand for advanced sensor technology from the automotive, healthcare, aerospace, and defense industries, the LiDAR industry is expected to thrive. So, Wall Street analysts believe LiDAR stocks Luminar Technologies (LAZR) and AEye (LIDR) have plenty of upside left.

In this article I will analyze and compare Luminar Technologies ‌(LAZR) and MicroVision (MVIS) to determine which LiDar stock is currently a better investment.

Luminar Technologies Inc (NASDAQ:LAZR) has partnered with the mobility tech company ECARX to collaborate on automotive grade technologies. The partnership intends to enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks. The arrangement is expected to strengthen Luminar's presence in China and help to deploy its…

Luminar Technologies, Inc (NASDAQ:LAZR) roped in Christopher “CJ” Moore, a manager on Apple Inc’s (NASDAQ:AAPL) car project and a former director of Autopilot at Tesla Inc (NASDAQ:TSLA), to lead global software development, Bloomberg reports. Moore, who had joined Apple in August, will lead Luminar’s software team to develop autonomous safety features integrated with its lidar or…

Luminar Technologies (NASDAQ:LAZR) is set to give its latest quarterly earnings report on Thursday, 2022-05-05. Here's what investors need to know before the announcement. Analysts estimate that Luminar Technologies will report an earnings per share (EPS) of $-0.13.

Credit Suisse analyst Dan Levy initiated coverage of Luminar Technologies Inc (NASDAQ:LAZR) with an Outperform rating and a $22 price target (51% upside).  The analyst is optimistic about Luminar, as he believes the company is the "best of breed in the rapidly growing" mobility LiDAR market. Its commercial progress reflects a moat in LiDAR…