The Latest Breaking News from Iteris

The tech industry is booming, and investors looking to tap into this growth could consider investing in quality tech stocks Canon Inc. (CAJPY), Iteris, Inc. (ITI), and Quantum Corp. (QMCO). With technological advancements leading the charge, savvy investors could reap significant gains tomorrow by buying these stocks today. Continue reading.

Despite facing a slowdown in customer demand, the technology industry is well-positioned to grow in the long term. Amid growing investments to transform digitally, the need for hardware components is expected to rise. To that end, it could be wise to buy fundamentally strong tech hardware stocks TDK Corporation (TTDKY),…

Iteris, Inc (NASDAQ:ITI) reported fourth-quarter FY22 revenue growth of 8% year-on-year to $34.2 million, missing the consensus of $34.7 million. The sustained strong customer adoption of Iteris' ClearMobility Platform drove the increase. Service revenue increased 8% Y/Y to $17.1 million, and Product revenue grew 8% Y/Y to $17.1 million. The bookings grew 27%…

Iteris (NASDAQ:ITI) brought in sales totaling $32.00 million during Q3 according to data provided by Benzinga Pro. However, earnings decreased 13.18%, resulting in a loss of $2.43 million.