|Bid||45.270 x 800|
|Ask||45.330 x 1300|
|Day's Range||45.22 - 47.00|
|52 Week Range||37.00 - 74.40|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||10.12|
|Earnings Date||Feb 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.06|
# Lumentum Holdings Inc ### NASDAQ/NGS:LITE View full report here! ## Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate and declining ## Bearish sentiment Short interest | Positive Short interest is moderate for LITE with between 5 and 10% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on December 21. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $370 million over the last one-month into ETFs that hold LITE are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
MILPITAS, Calif. , Jan. 17, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") will announce its fiscal second quarter 2019 financial results for the period ended December 29, 2018 , on ...
If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Lumentum Holdings (LITE).
Lumentum's exposure to the 3-D sector hasn't progressed as quickly as investors and sell-side analysts had hoped for, but at the same time the market is overlooking $1 to $1.50 in earnings power from the 2018 Oclaro acquisition, Marshall said in a Monday note. Despite an encouraging outlook, the Street is pricing in an additional "world-facing VCSEL" module on the back of certain upcoming new iPhone devices, Marshall said.
Weakness Continues to Plague Apple’s iPhone Sales ## Apple cuts iPhone production again As per the latest report by the Nikkei Asian Review on January 9, Apple (AAPL) is cutting the production of its latest iPhone models by ~10% in the first quarter due to sluggish iPhone sales. The recent cut in iPhone production comes within two months of the iPhone maker telling its suppliers to produce fewer-than-expected iPhones for the March quarter. Soft demand for the latest iPhone models has led the company’s suppliers, including Lumentum Holdings (LITE), Qorvo (QRVO), Universal Display, Cirrus Logic (CRUS), and Skyworks Solutions (SWKS), to cut their sales outlooks. Apple’s iPhone sales weakness was also reflected in the reduction of its sales guidance, which it announced last week. Apart from the soft iPhone sales expected in Greater China, Apple expects the weakening Chinese economy to further dent iPhone sales. ## Lower demand for Apple’s newest iPhones The company’s trimmed-down production plan for its smartphones—including its new iPhone models the XS Max, XS, and XR—signals that its new models aren’t seeing robust demand. Reportedly, the company’s planned production volumes for new and old iPhones will now be ~40 million–43 million units for the first quarter, down from the earlier forecast of 47 million–48 million units. Apple has been witnessing sluggish demand for its iPhones, which are a crucial driver of its revenue. The company also missed its iPhone shipment estimate on November 1. It reported iPhone unit shipments of 46.9 million in the fourth quarter of fiscal 2018, down from analysts’ expectation of 47.5 million units.
Apple Lowers Its Outlook: What’s Next? (Continued from Prior Part) ## Apple’s revenue expectation shrinks Being a part of Apple’s (AAPL) supply chain can be a huge benefit to suppliers, but can also pose a liability. Several large Apple supplier stocks fell after Apple lowered its outlook for fiscal 2019’s first quarter. While Apple originally expected ~$93 billion in revenue in the December quarter, it now expects only ~$84 billion because of soft iPhone demand. Apple stock fell 10% on the first full trading day after its outlook cut, as did several Apple suppliers. ## Suppliers feel the effect Intel (INTC), which replaced Qualcomm (QCOM) as Apple’s modem chip supplier for iPhones, saw its stock fall 5.5%, while Qorvo (QRVO), a radio frequency chip supplier for Apple, fell 9.1%. Lumentum (LITE), which supplies technology for Apple’s facial recognition system, Face ID, fell 8.4%. ## Apple on track to double services revenue While weak hardware demand prompted Apple to reduce its revenue outlook, the company’s services business has continued to strengthen. The company expects its services revenue to be $10.8 billion in the December quarter, and it rose 17% year-over-year to $10 billion in the September quarter. Apple generated $24.3 billion in services revenue in 2016 and reports that it is on track to double that by 2020. Browse this series on Market Realist: * Part 1 - How Apple Was Affected by Its iPhone Battery Discount * Part 2 - A Look at Apple’s Revised Outlook * Part 3 - Why China Could Pose a Challenge for Apple
Lumentum (LITE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MILPITAS, Calif. , Jan. 7, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") announced it would exhibit at six tradeshows worldwide in the next three months. Lumentum will be displaying ...
NEW YORK, NY / ACCESSWIRE / January 4, 2019 / U.S. markets plunged on Thursday, with the Dow Jones falling more than 600 points, as fears of a possibility of a global economic slowdown intensified after Apple lowered revenue forecasts. The Dow Jones Industrial Average dropped 2.83 percent to close at 22,686.22, dragged mostly lower by losses in Apple’s stock, while the S&P 500 Index decreased 2.48 percent to close at 2,447.89. The Nasdaq Composite Index slumped 3.04 percent to close at 6,463.50.
Apple stock tumbled after the consumer electronics giant warned that holiday-quarter sales would come in well below prior estimates amid weak iPhone demand. Revenue is set to decline.
U.S. stocks tumbled after Apple lowered its outlook for quarterly revenue, validating concerns of deteriorating demand for flagship products from one of the country's largest tech companies and propelling worries of a global growth slowdown.
If anything has become abundantly clear over the past several months, it is that the once red-hot global semiconductor market is starting to rapidly cool. The iShares Semiconductor Sector Index ETF (NASDAQ:SOXX) is in bear market territory. At some point, this big selloff in chip stocks will turn into a buying opportunity.
Shares of Apple (AAPL) plummeted over 9% Thursday morning after the firm lowered its quarterly sales guidance for the first time in more than a decade Wednesday.
Shares of Apple Inc. suppliers took a beating in premarket trade Thursday, in the wake of Apple slashing its revenue outlook because of much weaker-than-anticipated iPhone sales in China. Shares of Lumentum Holdings Inc. dropped 8.7% ahead of the open, Cirrus Logic Inc. slumped 8.5% and Qorvo Inc. gave up 5.3%. Lumentum and Qorvo had warned in November of revenue shortfalls, citing weakening demand for their smartphone customers. Shares of Austria-based AMS AG , which is also an Apple supplier, plunged 20% in overseas trading. Apple's stock had already tumbled 32% over the past three months through Wednesday, while the Dow Jones Industrial Average had shed 13%.
The bullish case for optical component supplier Lumentum Holdings Inc (NASDAQ: LITE ) remains unchanged despite Apple Inc. (NASDAQ: AAPL ) cautioning investors Wednesday afternoon , according to Raymond ...
Apple unexpectedly slashed its revenue forecast for the fiscal first quarter of 2019, citing weakness in its key market in China and lower-than-anticipated iPhone revenue.
NEW YORK , Dec. 28, 2018 /PRNewswire/ -- Bluebird Bio, Inc. (BLUE) Lifshitz & Miller announces investigation into possible securities laws violations in connection with a report on Seeking Alpha noting ...
Apple (AAPL) stock rose 7.04% on Wednesday after getting butchered in the last four trading days. The stock has been in a slowdown since October 3, when it touched an all-time high of $233.47, as a result of the global sell-off due to worries over the trade war with China, slowing economic growth, and the recent hike in interest rates. Apple’s market capitalization also hit below $700 billion on December 24 for the first time since February 2017.
Will Apple Announce Reduced Outlook for March Quarter? Apple (AAPL) stock has lost 33% in the last three months. Expectations of a weak December quarter for Apple and the broader market sell-offs (QQQ) (VTI) are some of the reasons for this decline.
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is there a possibility that Warren Buffett and Charlie Munger will step in an buy Apple stock. With CNBC's Scott Wapner, and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami.