10/3/2023 0 Comments Buy luminar technologies stock![]() ![]() LIDAR technology has become particularly useful in the development of autonomous vehicles. PICs are an important component of light detection and ranging ("LIDAR") technologies, which have become useful for a variety of industries, including the automotive industry in which Luminar operates. The Company purports to develop, inter alia, photonic integrated circuits ("PICs")-a type of chip that contains photonic components, as opposed to merely electronic components-for its semiconductor products. Luminar is an automotive technology company that provides sensor technologies and software for passenger cars and commercial trucks in domestic and international markets. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Luminar had misappropriated an image of a competitor's PIC to market the Company's own products and capabilities (ii) the foregoing conduct subjected the Company to a heightened risk of, inter alia, litigation and/or regulatory enforcement action (iii) all the foregoing, once revealed, was likely to negatively impact Luminar's business and reputation and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. You may also click here for additional information: There is no cost or obligation to you.įaruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia. If you suffered losses exceeding $100,000 investing in Luminar stock or options between Februand March 17, 2023, inclusive (the "Class Period") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 87 or 21 (Ext. ("Luminar" or the "Company") (NASDAQ: LAZR) and reminds investors of the Jdeadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. July 25, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Luminar Technologies, Inc. This article was generated by Benzinga's automated content engine and reviewed by an editor.Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Luminar To Contact Him Directly To Discuss Their Options If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. ![]() Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. Typically, analysts will rate each stock once a quarter. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. How Are Analyst Ratings Determined?Īnalysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. Stay up to date on Luminar Technologies analyst ratings.
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