|Bid||59.00 x 1000|
|Ask||60.68 x 900|
|Day's Range||58.98 - 61.02|
|52 Week Range||37.00 - 63.95|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.55|
Alan Lowe became the CEO of Lumentum Holdings Inc. (NASDAQ:LITE) in 2015. This report will, first, examine the CEO...
[Editor's note: This story was previously published in June 2019. It has since been updated and republished.]Augmented reality is quietly growing quickly. According to a report released last year, AR was worth $350 million in 2018, and its value is expected to surge at a compound annual growth rate of around 150% from 2019-2024. Among the areas in which AR is expected to be used in the near-future are social media, mobile devices, virtual conference calls, and automotive devices. * 7 Deeply Discounted Energy Stocks to Buy Here's a run-down of nine names investors will want to keep an eye on as the harbingers of the (fruitful and rapidly approaching) AR era.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Vuzix Corp (VUZI)Source: Shutterstock Although the project was actively pursued by Alphabet (NASDAQ:GOOGL) afterward, the first go-around for Google Glass was pretty much a flop. The idea of projecting information onto glass a user/wearer is looking through, however, it never really went away. It just has far more applications as an industrial or commercial tool than it does for a consumer.Enter Vuzix Corp (NASDAQ:VUZI). You may know it as the company that developed an apparatus that helps blind people get around better. But products lite its M300 and Blade smart glasses were "built for enterprise." The company has quietly made a compelling case for using them as a means of getting more done in the workplace at a reasonable price… for a corporation. QUALCOMM (QCOM)Source: Michael Vi / Shutterstock.com Yes, it's best known as a telecom and semiconductor play and not often lumped in with a list of AR stocks. But, QUALCOMM, Inc. (NASDAQ:QCOM) is very well-positioned to capitalize on the mainstreaming of augmented reality.It's gone relatively unrealized (or at least unappreciated), but AR requires the delivery of massive amounts of data, and it requires plenty of computing power to deliver that information in real-time. AR glasses and goggles also burn through batteries relatively quickly. * 7 Tech Industry Dividend Stocks for Growth and Income QUALCOMM as addressing all three needs, announcing in 2018 that it would be developing a chipset specifically for AR and VR applications. This turn-key solution will make it easier for other developers to bring new glasses to the marketplace. Lumentum (LITE)If the name Lumentum (NASDAQ:LITE) rings a bell, there's a reason. It's a stock that was thrust into the spotlight in the latter part of 2017 when Apple CEO Tim Cook began talking up augmented reality's prospects.Though he didn't explicitly say at the time how (or even if) Apple would aim at the AR market, nor did he mention Lumentum by name, the potentially-bullish connection makes a lot of sense. Lumentum makes the kind of 3D sensor lasers that can turn a smartphone into something of a radar -- an important piece of the augmented reality movement. Apple (AAPL)Source: View Apart / Shutterstock.com Speaking of Apple(NASDAQ:AAPL), it, too, is a name to keep in mind if you believe augmented reality is a serious opportunity.Yes, its smartphones are powerful computers that seem to become more powerful with each iteration. That's not why the company is such an interesting AR prospect though. Rather, Apple is reportedly developing its own augmented reality headset, a la Google Glass. * 10 Companies Using AI to Grow The device likely wouldn't launch until 2021, according to Loup Ventures' Gene Munster. But the market rewards potential about as much as it does real results, so it's something that could begin to positively impact the stocks soon and continue as the presumed launch date nears. Immersion Corporation (IMMR)Source: Immersion.com Immersion Corporation (NASDAQ:IMMR) has earned a spot on a list of noteworthy AR stocks to watch with its TouchSense(r) Force technology that makes displays screens a tactile, haptic experience. It's been particularly impressive in the VR gaming world, but the possibilities are just now starting to be realized in full. Axon Enterprise (AAXN)Source: Shutterstock Axon Enterprise Inc (NASDAQ:AAXN) isn't an augmented reality play… yet. But, it appears it soon will be. In 2018, the maker of TASERs and body-worn cameras suggested AR and VR would be its next frontier.It's not entirely clear what this might mean. But, given the nature of its target markets -- law enforcement and military personnel -- it's reasonably safe to assume the company is mulling ways to better protect and equip people that wear a uniform -- and a gun -- to work. * 7 "Boring" Stocks With Exciting Prospects * 9 Best Stocks to Buy on U.S.-China Trade Optimism A marketable product is still years away, but like any other company, the market is likely to reward progress en route to results. Microsoft Corporation (MSFT)Source: gguy / Shutterstock.com Don't get the wrong idea. Productivity software, the cloud and operating systems are still the company's break and butter, and will be for a long, long time. Microsoft Corporation (NASDAQ:MSFT) is wading into augmented reality waters, though, quickly enough that it just might make a modest impact on the stock's value.How so? The HoloLens. It's arguably the most market-ready, and marketable, AR/VR headset available today, even if interest has been tepid thus far.In May 2018, the software giant demonstrated two practical apps that make good use of the hardware: Layou, and Remote Assist. Layout allows for structural designing beyond mere blueprints, while Remote Assist shares what you see with people who aren't on-site.It may be just the 'aha' app that convinces companies they can't live without the HoloLens. Microvision (MVIS)Source: Microvision For the record, Microvision, Inc. (NASDAQ:MVIS) and Microsoft are two different companies. The aforementioned Microsoft is the maker of the HoloLens, which may be on the verge of becoming a must-have. Microvision's role in the augmented reality movement, however, it a little bit different. It's the maker of laser (and the supporting technologies) that can project images and data into glass.The most practical and tangible use of its PicoP(r) technology is the projection of the information normally found on a car's dashboard up to the windshield, allowing a driver to keep his or her eyes on the road. It's the same basic concept being used by Google Glass, Microsoft's HoloLens and the like though -- melding the benefits of a transparent material with valuable information overlaid. NVIDIA (NVDA)Source: Hairem / Shutterstock.com Last but not least, it may be a tad obvious, but add NVIDIA Corporation (NASDAQ:NVDA) to your list of AR stocks to keep tabs on.NVIDIA has already proven itself capable of handling the big visual data loads associated with virtual reality; making augmented reality even better is proving relatively easily by comparison.One area it's making that happen is on the automotive front. Like Microvision, NVIDIA is working on improving the driving experience by melding AR with artificial intelligence. That's only a taste of what's to come though. While other companies are still perfecting their first-generation augmented reality hardware, NVIDIA is already thinking about the next generation of AR technologies. Two improvements on NVIDIA's radar are varifocal displays, which improve clarity of an object for a user, and the integration of tactile/haptic information with visually-augmented reality.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential The post 9 Augmented Reality Stocks to Buy appeared first on InvestorPlace.
Markets have been so volatile this summer on U.S.-China trade tensions that investors might not have noticed: Tech stocks are absolutely red-hot in 2019.Indeed, the technology sector of Standard & Poor's 500-stock index is leading the broader market by a mile this year, with a year-to-date gain of 29% through Aug. 21. By comparison, the S&P; 500 is up about 17%, while the tech-heavy Nasdaq Composite Index has risen 21%. (The second-best performing sector is real estate, up 25%.)Stellar gains are always welcome, but they do pose a challenge for investors. After such a big run-up, is there anything left worth buying at current levels?Analysts sure think so. Between momentum and the sector's outsize growth prospects, plenty of tech stocks have nowhere near topped out, they say.To see which picks analysts like best at this point, we screened the Nasdaq Composite for the top-rated small, midsize and large tech stocks. S&P; Global Market Intelligence surveys analysts' ratings on stocks and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the better.Here are the 12 tech stocks the analysts love right now. This group is broken down into the four best-rated stock picks in the small-, mid- and large-cap spaces. SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In
CEO of Lumentum Holdings Inc (30-Year Financial, Insider Trades) Alan S Lowe (insider trades) sold 20,775 shares of LITE on 08/28/2019 at an average price of $56.74 a share. Continue reading...
MILPITAS, Calif., Aug. 27, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the appointment of Penny Herscher as chair of its board of directors. "Penny has been an invaluable resource and trusted advisor on Lumentum's board since our inception when we spun off from JDSU," said Alan Lowe, President and CEO.
EVP, Global Sales of Lumentum Holdings Inc (30-Year Financial, Insider Trades) Jason Reinhardt (insider trades) sold 25,000 shares of LITE on 08/22/2019 at an average price of $59.56 a share. Continue reading...
Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded to new tariffs from China with a tweet saying he's demanding that American companies "immediately start looking for an alternative to China."
MILPITAS, Calif. , Aug. 20, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that management is scheduled to participate in the following investor conferences: Event: ...
CEO of Lumentum Holdings Inc (30-Year Financial, Insider Trades) Alan S Lowe (insider trades) sold 10,779 shares of LITE on 08/19/2019 at an average price of $59.87 a share. Continue reading...
Lumentum Holdings' (LITE) fourth-quarter fiscal 2019 results benefit from strength in telecom, Datacom revenues, partially offset by decline in sales to Huawei.
Lumentum fiscal fourth-quarter earnings and revenue beat analyst estimates, while guidance topped Wall Street targets, the company said Thursday. Lumentum stock moved above a buy point.
Lumentum Holdings (NASDAQ: LITE ) shares are trading higher after the company reported better-than-expected fourth-quarter earnings and sales results . The company also issued first-quarter EPS guidance ...
Shares of Lumentum Holdings Inc. soared shot up 6.7% in premarket trading Thursday, after the optical equipment and Apple Inc. supplier reported fiscal fourth-quarter profit and revenue that beat expectations, and provided an upbeat full-year earnings outlook. For the quarter to June 29, the company swung to a net loss of $25.8 million, or 34 cents a share, from net income of $25.7 million, or 40 cents a share, in the year-ago period. Excluding non-recurring items, such as the impact of the Oclaro acquisition and other restructuring charges, adjusted EPS slipped to 92 cents from 95 cents, but topped the FactSet consensus of 72 cents. Revenue rose 34% to $404.6 million, above the FactSet consensus of $383.5 million, as optical communications revenue rose 45.7% to $356.8 million and lasers revenue fell 14.9% to $47.8 million. For the fiscal first quarter, Lumentum expects adjusted EPS of $1.12 to $1.26, which is above the FactSet consensus of $1.11, and revenue of $435 million to $455 million, which surrounds expectations of $439.8 million. The stock has lost 8.3% over the past three months, while the SPDR Technology Select Sector ETF has gained 1.4% and the S&P 500 has edged up 0.2%.
Achieved record Net revenue of $1.57 billion for fiscal year 2019, up 25% relative to the prior year Fiscal Fourth Quarter Highlights: - Net revenue of $404.6 million - GAAP operating loss of (3.4)%; Non-GAAP ...
MILPITAS, Calif. , Aug. 7, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today shares with great sadness the recent passing of the Chairman of Lumentum's Board of Directors, Martin ...
Lumentum (LITE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...