|Bid||45.52 x 1200|
|Ask||46.30 x 900|
|Day's Range||45.37 - 46.52|
|52 Week Range||37.00 - 69.95|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||153.77|
|Earnings Date||Aug 6, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.54|
Lumentum Holdings Inc NASDAQ/NGS:LITEView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and increasing * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NegativeShort interest is moderately high for LITE with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 7. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding LITE totaled $69.65 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording 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, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.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.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Shares of Ciena Corp. rocketed 26.3% in morning trade Thursday, putting it on track for the biggest one-day gain in 18 years, after the optical networking company reported big profit and revenue beats for its fiscal second quarter. The stock's trading volume has already topped 10.6 million shares, or more than 4-times the full-day average. The last time the stock, currently the biggest gainer on the NYSE, had a bigger gain was when it closed up 26.5% on Oct. 3, 2001. The rally is also helping to boost the shares of Lumentum Holdings Inc. , up 2.7%, and NeoPhotonics Inc. , up 5.1%. Ciena accounted for 11% of Lumentum's revenue in the fiscal year ending June 2018, and 16% of NeoPhontoics's revenue in the year ended December 2018. Among Ciena's largest customers, shares of both AT&T Inc. and Verizon Communications Inc. tacked on 1.3%. Ciena derived 12.1% of its fiscal 2018 revenue from AT&T and 10.3% of its revenue from Verizon. Ciena's stock has run up 34% year to date, while the S&P 500 has gained 13%.
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The United States has effectively banned its companies from doing business with Huawei, exacerbating an ongoing Sino-U.S. trade war. Huawei is allowed to buy U.S. goods until Aug. 19 to maintain existing telecoms networks and provide software updates to its smartphones. - ALPHABET INC: Google on May 19 suspended the transfer of hardware, software and technical services to Huawei, except what it has made publicly available via open source licensing.
Huawei Ban Encourages Qorvo and Lumentum to Cut Earnings Guidance(Continued from Prior Part)Lumentum’s exposure to Huawei The United States has made it difficult for US firms to sell technology to Huawei, a major customer for the semiconductor
Huawei Ban Encourages Qorvo and Lumentum to Cut Earnings GuidanceQorvo and Lumentum cut their guidance after the Huawei ban The semiconductor industry—and smartphone chipmakers in particular—have started to feel the impact of the Huawei ban
Lumentum Holdings stock arrested a four-session, 22% decline after the U.S. government signaled an easing of actions taken against Huawei Technologies, a major customer for Lumentum.
(Reuters) - Radio frequency chipmaker Qorvo on Tuesday joined mobile parts maker Lumentum Holdings Inc in halting shipments to Huawei Technologies, following export restrictions by the United States government. ...
It has gone from bad to worse for the beleaguered semiconductor industry. The escalating trade war between the U.S. and China deepened Monday on reports that some Huawei Technologies suppliers had halted shipments to the Chinese company. Shares of (LITE) (ticker: LITE), a maker of optical and photonic products, dropped 4% after it trimmed its profit guidance for the current quarter as a result of ceasing all shipments to Huawei.
Shares of optoelectronics company NeoPhotonics Corp. were up more than 10% in Monday trading after B. Riley analyst Dave Kang upgraded the stock to buy from neutral, arguing that the uncertainty over a U.S. ban on sales to Huawei Technologies Co. has been "de-risked." Shares dropped more than 30% last week after the ban was announced. "One of the reasons for our renewed bullishness is that we believe the Huawei ban could be another leverage point for President Trump, who is set to meet with China's President Xi at the G20 Summit in late June, and as such, we believe the ban could be fairly brief," Kang wrote. "Furthermore, we believe the Huawei ban will pressure NeoPhotonics management to weigh strategic options, including the potential sale of the company." The upgrade comes as fellow optoelectronics company Lumentum Holdings Inc. lowered its outlook as a result of the Huawei ban and as companies like Alphabet Inc.'s Google began to comply with the order. NeoPhotonics shares are still off 35% on the year, as the S&P 500 has risen 14%.
The company, which is seen as a major supplier of Apple Inc's Face ID technology, said it cannot predict when it will be able to resume shipments. The Trump administration last week added Huawei to a trade blacklist, a move that bans the company from buying parts and components from American firms without U.S. government approval. While most of the U.S. suppliers have not issued statements on their position on the Huawei ban, Bloomberg reported that Intel Corp, Qualcomm Inc, Xilinx Inc and Broadcom Inc have told their employees they will not supply to Huawei until further notice.
supplier, cut its current quarter revenue outlook after saying it discontinued all shipments to China's Huawei Technologies. Lumentum said it now sees revenues for the three months ending in June in the region of $375 million to $390 million, down from its prior forecast of $405 million to $425 million issued on May 7. The cut will hit earnings, as well, Lumentum said, with EPS now guided in the range of 65 cents to 77 cents a share, down from 85 cents to $1.00.
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve's interest rates policies this week. China accused the United States of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as the U.S. action last week against Huawei began to hit the global tech sector.
Lumentum is the canary in the coal mine, and investors should prepare for a slew of guidance cuts from other tech equipment suppliers. Xilinx, Nvidia, and Intel could be among the stocks at risk, according to analysts.