Ouster Rallies 77% YTD, Outperforms Industry: Time to Buy the Stock?
Key Takeaways OUST shares have jumped 77.1% YTD, outperforming its industry, sector, and the S&P 500 composite. Ouster is targeting software-attached revenues, aiming for 30-50% annual growth and 35-40% gross margins. Post-Velodyne merger, OUST posted 9 quarters of growth, and holds $171M in cash with no debt.Shares of Ouster, Inc. (OUST) have rallied 77.1% year to date, zooming past its industry, sector and the Zacks S&P 500 composite in the same time frame.OUST is now trending above its 50-day simple mo ...