Velodyne Lidar: Pipeline Builds, Execution Wanes

 

  • Velodyne Lidar reported another disaster quarter with Q3'21 revenues missing analyst targets by a wide margin.
  • The company guided to ongoing weakness in Q4'21, but the contract pipeline continues to build.
  • The stock only trades at ~3x conservative '23 revenue targets, but the turnaround will be volatile.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
In just a year as a public company, Velodyne Lidar (VLDR) has gone from lidar sensor market leader to a dysfunctional company. The market opportunity remains as impressive as prior, but the company has to improve execution in the competitive market. My investment thesis remains Bullish on the stock due to the strong contract pipeline and reduced market cap.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Update - Nov. 11

The stock has held up well after missing Q3'21 targets and cutting full-year numbers. Always a bullish sign. 


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