Cepton downgraded by Craig Hallum with a new price target
$CPTN
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Craig Hallum downgraded Cepton from Buy to Hold and set a new price target of $2.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/14/2023 | $2.50 | Buy → Hold | Craig Hallum |
| 9/20/2022 | Neutral | JP Morgan | |
| 6/29/2022 | $5.50 | Outperform | Northland Capital |
| 3/22/2022 | $4.00 | Sector Perform | RBC Capital Mkts |
| 3/16/2022 | $19.00 | Buy | Craig Hallum |
| 2/23/2022 | $22.00 | Buy | Maxim Group |
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the third quarter ended September 30, 2024. "As we enter the fourth and final quarter of 2024, we are making significant strides in the commercialization of our lidar technology," said Jun Pei, Cepton's Co-Founder and CEO. "With an RFQ with a Top 10 global automotive OEM for our long-range lidar in its final stages and a growing pipeline of opportunities, we are well-positioned to further strengthen our leadership in the automotive lidar market. Additionally, the recently announced acquisition by Koito underscores o
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the second quarter ended June 30, 2024. "We are in the final stage of RFQ with a Top 10 global automotive OEM for our long-range lidar, and we anticipate final decision in the second half of this year," said Jun Pei, Cepton's Co-Founder and CEO. "We are excited about the next stage of Cepton's growth to better support our automotive OEM customers in the commercialization of our lidar technology." Business Highlights Signed an Agreement and Plan of Merger providing for the acquisition by Koito Manufacturing Co.
After closing of the proposed transaction, Cepton will operate as a privately held indirect subsidiary of Koito in the U.S., with corporate headquarters in San Jose, CA. Cepton and Koito have partnered since 2017 to industrialize high-performance lidar solutions for mass-market automotive, smart infrastructure and industrial applications. The proposed transaction is poised to accelerate the commercialization of Cepton's lidar technology through increased financial stability and scalability. The integration of Cepton through the proposed transaction is expected to enhance Koito's capabilities in automotive sensing solutions with strengthened technology advancement, product offer
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Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the third quarter ended September 30, 2024. "As we enter the fourth and final quarter of 2024, we are making significant strides in the commercialization of our lidar technology," said Jun Pei, Cepton's Co-Founder and CEO. "With an RFQ with a Top 10 global automotive OEM for our long-range lidar in its final stages and a growing pipeline of opportunities, we are well-positioned to further strengthen our leadership in the automotive lidar market. Additionally, the recently announced acquisition by Koito underscores o
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the second quarter ended June 30, 2024. "We are in the final stage of RFQ with a Top 10 global automotive OEM for our long-range lidar, and we anticipate final decision in the second half of this year," said Jun Pei, Cepton's Co-Founder and CEO. "We are excited about the next stage of Cepton's growth to better support our automotive OEM customers in the commercialization of our lidar technology." Business Highlights Signed an Agreement and Plan of Merger providing for the acquisition by Koito Manufacturing Co.
Cepton, Inc. ("Cepton") (Nasdaq ticker: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the first quarter 2024 ended March 31, 2024. "We started fiscal year 2024 with strong results in our commercial activities, securing a new series production award along with our tier 1 partner, Koito, from a global OEM for our near-range lidar," said Jun Pei, Cepton's Co-Founder and CEO. "We believe we have positioned ourselves as a leader in industrializing lidar for the automotive market." Business Highlights Automotive Secured a new series production award with a global OEM over a multi-year period fo
Cepton (NASDAQ:CPTN) reported quarterly losses of $(0.52) per share which beat the analyst consensus estimate of $(0.66) by 21.21 percent. This is a 28.77 percent increase over losses of $(0.73) per share from the same period last year. The company reported quarterly sales of $1.946 million which missed the analyst consensus estimate of $4.400 million by 55.77 percent. This is a 31.04 percent increase over sales of $1.485 million the same period last year.
Key development contract to jump-start execution of new OEM programCepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has announced today that it has signed a significant Engineering Services Agreement (the "Agreement") with its long-term automotive Tier 1 partner and current shareholder, KOITO MANUFACTURING CO., LTD. ("Koito") (TSE: 7276) on May 9, 2024.The contract will fuel Cepton's customer-specific product development and program execution efforts for its near-range lidar. © Cepton, Inc.Under the terms of the Agreement, Koito will provide Cepton with a tot
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Automotive and semiconductor industry veteran continues to enable business growth by driving commercial strategy and execution as Cepton expands leadership in lidar adoption Cepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced the appointment of Mitch Hourtienne to Chief Commercial Officer, overseeing the Company's business growth and market success. In the newly created role, Mr. Hourtienne will continue to lead Cepton's business development, product management and marketing teams to solidify the Company's leadership in automotive and smart infrastructure markets and strengthen strategic partn
Stanford Ph.D. and proven industry veteran continues to drive operational excellence as Cepton readies for scale production Cepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced the appointment of Dr. Liqun Han to Chief Operating Offer, overseeing the Company's product development and operations teams. In the newly created role, Dr. Han will continue to lead execution of Cepton's flagship ADAS lidar program and drive product success to support the Company's growing presence across automotive and smart infrastructure markets. Since joining the Company in 2016, Dr. Han has led Cepton's product
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced the appointment of Paul Anawalt to the newly created position of General Counsel, effective today. Dr. Jun Pei, Cepton's Co-Founder, Chairman and CEO said: "On behalf of the company I would like to welcome Paul to Cepton. He will be a great addition to our executive team. Cepton is enabling safe and autonomous transportation for everyone. As our General Counsel, Paul's work will help Cepton accelerate our commercial success and help shape the lidar industry." Mr. Anawalt joins Cepton from the Intel Corporation and is a seasoned lawyer with more than 25 yea
Craig Hallum downgraded Cepton from Buy to Hold and set a new price target of $2.50
JP Morgan initiated coverage of Cepton with a rating of Neutral
Northland Capital initiated coverage of Cepton with a rating of Outperform and set a new price target of $5.50