Lumentum Holdings Inc. (LITE)
Market Cap | 4.15B |
Revenue (ttm) | 1.36B |
Net Income (ttm) | -546.50M |
Shares Out | 67.90M |
EPS (ttm) | -8.12 |
PE Ratio | n/a |
Forward PE | 38.29 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 2,636,595 |
Open | 60.03 |
Previous Close | 58.28 |
Day's Range | 58.98 - 62.21 |
52-Week Range | 35.35 - 62.21 |
Beta | 0.89 |
Analysts | Buy |
Price Target | 59.08 (-3.37%) |
Earnings Date | Nov 6, 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: Cloud & Networking and Industrial Tech. The Cloud & Networking segment offers components, modules, and subsystems to support the high-speed transmission of data over high-capacity fiber optic links in cloud data center, AI/ML, enterprise and communications services networking applications that enable the transmission and transport of data, video, and audio ... [Read more]
Financial Performance
In 2024, Lumentum Holdings's revenue was $1.36 billion, a decrease of -23.08% compared to the previous year's $1.77 billion. Losses were -$546.50 million, 315.3% more than in 2023.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for LITE stock is "Buy." The 12-month stock price forecast is $59.08, which is a decrease of -3.37% from the latest price.
News
Lumentum Showcases Enhanced Photonic Innovations for AI-Driven, Next-Generation Networks at ECOC 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today its participation in the...
Why Lumentum Holdings Rose After Posting Fourth-Quarter Results
Investors hurried to buy back Lumentum stock after the company posted quarterly results. Lumentum Holdings saw a V-shaped rebound last week, with shares up 20% for the week. The company reported Q4 re...
Lumentum Set For Growth: Analysts See Strong Recovery Ahead With AI And Telecom Momentum
Lumentum Holdings Inc. LITE shares are trading higher after the company reported fourth-quarter results and several analysts raised the price target on the stock.
Lumentum Stock Is Soaring. Earnings Look Back on Track.
Optical-components maker Lumentum reported strong earnings for the quarter ended June. The company also provided upbeat guidance.
Lumentum Holdings Inc. (LITE) Q4 2024 Earnings Call Transcript
Lumentum Holdings Inc. (NASDAQ:LITE) Q4 2024 Earnings Conference Call August 14, 2024 5:30 PM ET Company Participants Kathy Ta - Vice President, Investor Relations Alan Lowe - President & Chief Execu...
Lumentum Announces Fiscal Fourth Quarter and Full Year 2024 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 June 29, 2024. “We exceeded our guidanc...
Lumentum to Announce Fiscal Fourth Quarter 2024 Financial Results on August 14, 2024
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter 2024 financial results on Wednesday, August 14, 2024, after the ma...
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...
Lumentum Holdings Inc. (LITE) Q3 2024 Earnings Call Transcript
Lumentum Holdings Inc. (NASDAQ:LITE) Q3 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Kathy Ta - Vice President, Investor Relations Alan Lowe - President & Chief Executive...
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...
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...
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...
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 ...
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...
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...
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...
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...
Lumentum Holdings Inc. (LITE) Q2 2024 Earnings Call Transcript
Lumentum Holdings Inc. (LITE) Q2 2024 Earnings Call Transcript
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...
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...
Lumentum Holdings: Very Positive On The Cloud Light Technology Acquisition
I revised my rating for Lumentum Holdings from neutral to buy as I am positive about the potential of the Cloud Light Technology acquisition. The acquisition of CLT has significantly improved Lumentum...
Lumentum Holdings Inc. (LITE) Q1 2024 Earnings Call Transcript
Lumentum Holdings Inc. (NASDAQ:LITE) Q1 2024 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Kathy Ta - Vice President of Investor Relations Alan Lowe - President and Chief ...
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...
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...
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...