Cepton (NASDAQ:CPTN) Announces Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Cepton (NASDAQ:CPTN) released its quarterly earnings data on Monday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.26, Zacks reports. The business had revenue of $10.43 million during the quarter, compared to analysts’ expectations of $11.00 million.

Cepton Stock Down 0.3 %

Shares of CPTN opened at $3.03 on Wednesday. Cepton has a twelve month low of $2.38 and a twelve month high of $7.21. The stock has a market cap of $48.24 million, a PE ratio of -1.18 and a beta of 0.07. The business’s 50-day moving average price is $2.71 and its 200-day moving average price is $2.74.

Analysts Set New Price Targets

Separately, Westpark Capital reiterated a “hold” rating on shares of Cepton in a research report on Wednesday.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.