|Bid||59.70 x 800|
|Ask||60.50 x 800|
|Day's Range||59.05 - 60.30|
|52 Week Range||41.95 - 74.40|
|PE Ratio (TTM)||15.75|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.13|
Leading Lumentum Holdings Inc (NASDAQ:LITE) as the CEO, Alan Lowe took the company to a valuation of US$3.74b. Recognizing whether CEO incentives are aligned with shareholders is a crucial partRead More...
Shares of Viavi Solutions Inc. (viav) are up 2.7% in premarket trading Monday after Needham analyst Alex Henderson upgraded the stock to buy from hold. "3D has been priced in at Lumentum (lite) II-VI (iivi) and Finisar (fnsr) we think it's less in the numbers at Viavi due to the slow start," Henderson wrote.
Apple's key supplier of augmented-reality vision components for the iPhone X reported better-than-expected June-quarter results, which implied a quicker ramp up of next-generation iPhones.
Lumentum (LITE) delivered earnings and revenue surprises of 44.62% and 3.49%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
MILPITAS, Calif. (AP) _ Lumentum Holdings Inc. (LITE) on Wednesday reported fiscal fourth-quarter net income of $33.5 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Milpitas, California-based company said it had profit of 40 cents.
Shares of Lumentum Holdings Inc. (lite) shot up 7.3% in premarket trade Wednesday, after the maker of optical and photonic products reported fiscal fourth-quarter earnings that were well above expectations and provided an upbeat revenue outlook. Excluding non-recurring items, adjusted earnings per share came to 95 cents, beating the FactSet consensus of 65 cents. Lumentum expects first-quarter adjusted EPS of 90 cents to $1.10, compared with the FactSet consensus of 92 cents, and revenue of $340 million to $350 million, which is above expectations of $337.3 million.
Achieved record Net revenue of $1.25 billion , up 25% relative to the prior year, and record profitability for fiscal year 2018 Fiscal Fourth Quarter Highlights: - Net revenue of $301.1 million - GAAP ...
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / Lumentum Holdings, Inc. (NASDAQ: LITE ) will be discussing their earnings results in their Q4 Earnings Call to be held on August 8, 2018 at 8:30 AM Eastern ...
MILPITAS, Calif. , July 30, 2018 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") will announce its fiscal fourth quarter and full year 2018 financial results for the period ended June 30, ...
Or put another way — are there legitimate augmented reality stocks out there? Most publicly traded companies that could be considered augmented reality plays have their hands in many other tech pots beyond just AR, which is still a relatively emerging market. Names like Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT) are just a few established tech companies working augmented reality into their offering, whether through software or hardware.
Under evaluation this morning are these four stocks: Lumentum Holdings Inc. (NASDAQ: LITE), Mitel Networks Corp. (NASDAQ: MITL), Motorola Solutions Inc. (NYSE: MSI), and Impinj Inc. (NASDAQ: PI). Shares in Milpitas, California headquartered Lumentum Holdings Inc. rose slightly by 0.75%, ending Wednesday's trading session at $53.55.
Moody's Investors Service ("Moody's") assigned first time ratings to the debt of the Lumentum Holdings, Inc. ("Lumentum")-- Corporate Family Rating ("CFR") of Ba3 and Probability of Default Rating ("PDR") of Ba3-PD, a Ba2 rating to the Senior Secured Term Loan B ("Term Loan"), and a Speculative Grade Liquidity ("SGL") rating of SGL-2. Lumentum intends to use the proceeds of the Term Loan and balance sheet cash to acquire Oclaro ("Oclaro") for $5.60 cash and 0.0636 Lumentum shares per Oclaro share, or about $1.6 billion of equity value (excluding transaction expenses).
Here are some things going on today in the world of tech: Alphabet’s New High Shares of Alphabet (GOOGL) are up $47.67, or almost 4%, to $1258.67, after the company yesterday afternoon reported Q2 revenue and profit that topped analysts’ expectations. The company, which makes parts used in "3-D sensing” functions, including for Apple’s (AAPL) iPhone, said that it sees “major ramps in consumer optical sensing underway,” and projected this quarter’s revenue to be up sharply, by 46% to 59%.
MARKET PULSE Optical stocks were hit Friday after President Donald Trump said he was prepared to "go to 500" in a tariff battle with China, referring to the idea that the U.S. may levy tariffs on $505 billion in Chinese products, or the whole import balance from last year.
For example, Apple’s (AAPL) iPhone X has a front-facing camera that lets it measure the contours of your face, in order to recognize you and unlock the phone. Key suppliers for the technology are Lumentum Holdings (LITE) and Finisar (FNSR). "WIN expects VCSEL sales in CY2H18 to be less than previously expected,” writes Alex Henderson of Needham & Co., who follows shares of Lumentum, “and up less than 100% year over year.” He was referring to “vertical cavity surface emitting lasers,” the light source used in the iPhone X’s front-facing camera that does the Face ID.
The auto and agriculture industries are getting plenty of headlines related to the international trade war. However, B. Riley analyst Dave Kang says the trade war could have a big under-the-radar impact ...
The ban on China's No. 2 telecommunications equipment maker will be removed once the company deposits $400 million in an escrow account, the U.S. Commerce Department said in a statement announcing that an escrow agreement had been signed. The ban, which was imposed in April and caused ZTE to cease major operations, has been a source of friction between Washington and Beijing, which are engaged in an escalating trade dispute. ZTE did not immediately respond to a request for comment.
SAN JOSE, Calif., July 10, 2018 /PRNewswire/ -- Oclaro, Inc. (OCLR) ("Oclaro") announced that, based on the vote tally from Oclaro's Special Meeting of Stockholders held earlier today, Oclaro's stockholders approved the merger agreement under which Lumentum Holdings Inc. (LITE) ("Lumentum") will acquire Oclaro. Stockholders also approved other proposals relating to the transaction.