Lumentum Holdings Inc. (LITE)
Market Cap | 3.65B |
Revenue (ttm) | 1.42B |
Net Income (ttm) | -354.20M |
Shares Out | 67.60M |
EPS (ttm) | -5.25 |
PE Ratio | n/a |
Forward PE | 53.83 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,491,737 |
Open | 51.30 |
Previous Close | 51.43 |
Day's Range | 51.17 - 54.00 |
52-Week Range | 35.35 - 60.99 |
Beta | 0.95 |
Analysts | Buy |
Price Target | 52.18 (-3.26%) |
Earnings Date | Aug 15, 2024 |
About LITE
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for LITE stock is "Buy." The 12-month stock price forecast is $52.18, which is a decrease of -3.26% from the latest price.
News
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Lumentum Announces Upcoming Investor Events
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that company management is currently scheduled to participate in the following investor events: Event: 52nd Annua...
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Lumentum Announces Fiscal Third Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal third quarter ended March 30, 2024. “Lumentum is well-positioned to capita...
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Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced that it has received the...
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Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 2024, after the market clo...
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Lumentum Enhances Performance in 800ZR+ Transceivers for Broader Applications
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced significant performance ...
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Lumentum Unveils Breakthrough Innovations and Demonstrations at OFC 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, introduced today the latest additions to...
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Lumentum Thought Leaders to Present on Leading Edge Innovations and the Role of Photonics in AI Data Centers at OFC 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that its experts will co...
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Lumentum Appoints Jae Kim as Senior Vice President, General Counsel and Secretary
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the appointment of Jae K...
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Lumentum Recognized in Three Optical Communications Product Categories at 2024 Lightwave Innovation Reviews
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced that several of its groundbrea...
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Lumentum Announces Fiscal Second Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal second quarter ended December 30, 2023. “Lumentum stands at the leading ed...
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Lumentum to Announce Fiscal Second Quarter 2024 Financial Results on February 8, 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2024 financial results on Thursday, February 8, 2024, before the m...
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Lumentum Announces Fiscal First Quarter 2024 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal first quarter ended September 30, 2023. “We are thrilled to welcome the ta...
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Lumentum Announces Completion of Cloud Light Acquisition
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) today announced that it has completed its previously announced acquisition of Cloud Light Technology Limited (“Clo...
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Lumentum to Acquire Cloud Light to Accelerate Data Center Speed and Scalability
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (NASDAQ: LITE) (“Lumentum”) and Cloud Light Technology Limited (“Cloud Light”) today announced that they have entered into a definitive agreem...
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Lumentum to Announce Fiscal First Quarter 2024 Financial Results on November 8, 2023
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal first quarter 2024 financial results on Wednesday, November 8, 2023, before the m...
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Lumentum Releases Fiscal 2023 Corporate Sustainability Report
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the publication of its f...
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Lumentum Addresses Surge in AI and ML Data Traffic with High-Performance Optical Solutions at ECOC 2023
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, is showcasing its latest solutions, cond...
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Lumentum Stock Falls on Weak Guidance
The company says it expects fiscal first-quarter adjusted earnings of between 20 cents and 35 cents a share, below Wall Street estimates.
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Lumentum Announces Fiscal Fourth Quarter and Full Year 2023 Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal fourth quarter and full year ended July 1, 2023. “With generational upgrad...
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Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results on August 17, 2023
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter and fiscal year 2023 financial results on Thursday, August 17, 202...
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Apple Supplier Lumentum's Stock Is Falling After Downgrade
Barclays downgraded shares of laser maker Lumentum to Underweight from Equal Weight. The stock's valuation “doesn't make sense,” writes analyst Tom O'Malley.
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Lumentum Holdings Inc. Announces Upsize and Pricing of $525 Million Convertible Notes Offering
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced the pricing of $525 million aggregate principal amount of convertible senior notes due 2029 (the “...
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Lumentum Holdings Inc. Announces $500 Million Convertible Notes Offering
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate pri...
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Lumentum Announces Fiscal Third Quarter 2023 Financial Results
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal third quarter ended April 1, 2023. “Our third quarter results reflect the ...
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lumentum Holdings Inc. - LITE
NEW YORK , April 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Lumentum Holdings Inc. ("Lumentum" or the "Company") (NASDAQ: LITE). Such investors are advise...