|Bid||0.00 x 1000|
|Ask||0.00 x 1800|
|Day's Range||74.49 - 78.88|
|52 Week Range||43.51 - 93.23|
|Beta (5Y Monthly)||1.33|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||95.53|
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
5G or fifth-generation telecom promises huge changes in the way we interact with technology. For investors, this means it's time to think about 5G stocks.5G will not only be faster, but it will provide more bandwidth. This means that we, and the companies that provide us with data, can provide more data simultaneously.If I can lean on the analogy of water through a hose -- not only will the water move faster through the hose, but the hose will also increase in size. This is going to mean that wireless connections will be as fast, and in some places faster, than the available wireline services.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt will mean technologies like smart cars and everything provided through cloud services will be accessed in near real time, wherever you are. It will also change providers' ability to share content like movies, games or teleconferences. Along the way, the companies facilitating all of this could see enormous upside in their share prices. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure And the seven 5G stocks looking to the future that I feature below are laying the tracks for the next telecom expansion across the U.S. and the world. * Ciena (NYSE:CIEN) * Intel (NASDAQ:INTC) * Lumentum (NASDAQ:LITE) * American Tower REIT (NYSE:AMT) * Crown Castle International (NYSE:CCI) * Qualcomm (NASDAQ:QCOM) * Texas Instruments (NASDAQ:TXN) 5G Stocks to Buy: Ciena (CIEN)Source: Michael Vi / Shutterstock.com This optical networking firm has been around since 1992. It's been around so long, it's headquartered in quiet Hanover, Maryland, since Silicon Valley was just glimmer in geeks' eyes back then.It was way ahead of its time. It specializes in optical networking equipment. The thing was, back then, fiber optic cable was as scarce as hen's teeth. It was a play on the future of the internet.Before the tech bubble burst, CIEN stock traded as high as $847 a share. But those were the days when brokers were telling clients that growth was the new income and a growth stock wasn't respectable if it didn't have a triple-digit price-earnings ratio.But CIEN made it through, which is testament to its management and its technology. Now, 20 years later, it is one of the leading companies in the vibrant and expanding optical networking space.The stock is up 56% in the past 12 months and 28% year to date. Yet, it still only trades at a P/E of 30. Intel (INTC)Source: JHVEPhoto / Shutterstock.com The computer you're using to read this likely has an Intel chip or two inside it. It's the largest semiconductor company in the world and invented the x86 chip that sits in almost every personal computer. And next month it will celebrate its 51st birthday.Intel has had its struggles remaining at the top of the chip heap. Management didn't get in the mobility sector until it was too late, and missed a huge opportunity in the smartphone world. But it is well-positioned in the internet of things (IOT), and has found opportunities in markets like 5G, AI, memory and networking as well.The competition is tough. CEO Bob Swan is an industry veteran but not a career Intel guy, and he took over in January 2019. Much of his leadership career was operating as a CFO for various large tech firms, so it will be interesting to see if he can keep INTC moving in the right directions. * 7 Cheap Stocks to Buy With Great Potential So far, so good. The stock is up 42% in the past year and 3% year to date. It also delivers a solid 2.1% dividend. And besides INTC itself, the 5G upgrade offers investors the chance to buy potentially the "next Intel" today. Lumentum (LITE)Source: Michael Vi / Shutterstock.com This company is also in the optical networking sector, but it launched just five years ago. And instead of focusing on the optical switching aspects, LITE focuses on the distribution and transmission of fiber optic networks.It also makes a variety of lasers for numerous applications. The lasers are used to build equipment in industries as varied as the automotive sector to mobile phones and semiconductors. And they are used for 3D sensing equipment.Just as cloud computing ultimately needs real hardware to operate, mobile networks need the fastest data transmission possible. And for now, that's fiber optic cables.That means that the greater the global demand for 5G, the more business LITE stands to gain. Also, the more we rely on advanced technologies, the more demand there will be to build more advance devices.The stock is up 72% in the past year and is off 9% year to date. American Tower REIT (AMT)Source: Pavel Kapysh / Shutterstock.com As you well know, mobile signals need mobile transmission towers. AMT is one of the top tower companies in the world, and it's one of the top 5G stocks to buy.It has operations across North America, Latin America, Europe, Africa and Asia. Since towers are property, AMT became a real estate investment trust (REIT), which has tax advantages for the company and the shareholders. All REITs consider shareholders direct owners and distribute net income via a dividend.5G is going to need towers because its antenna are different than previous generations of telecom services. Given the fact that AMT already has more than 180,000 towers around the world, and a solid history as a reliable partner, it's well positioned for the 5G wave.It continues to acquire smaller broadcast companies around the globe, including India and Africa, where mobile telecom is much denser than traditional wireline services. * 25 Stocks to Buy for the Reopening Rally The stock is up 27% in the past year and 12% year to date. It also provides a 1.7% dividend. It's among my top stocks for the worldwide 5G upgrade taking hold now. Crown Castle International (CCI)Source: Casimiro PT / Shutterstock.com This is another tower company, but it has two difference from AMT. First, it focuses its operations on the U.S., where it has over 40,000 towers.Second, it also has a significant small cells business for denser spots like office buildings and stadiums, as well as more than 80,000 miles of fiber optic cable. These are key sectors for 5G stocks because 5G has unique challenges in cities, and venues like stadiums will have growing challenges as events become carried on live streams and guests will be sharing across social media.CCI is also a REIT and is delivering an impressive 3% dividend currently. The stock is up 34% in the past 12 months, and 19% year to date.Owning both AMT and CCI stock captures a significant amount of the potential 5G transmission sector, but both stocks are trading at premiums currently. Qualcomm (QCOM)Source: JHVEPhoto / Shutterstock.com This telecom chipmaker has been around since 1985 and has been a major player in the mobility revolution. Its origins were building out CDMA telecom technology for commercial trucking operations. When mobile phones came out, one of the leading channels used for phones in the U.S. became CDMA.Now, CDMA and GSM run all the phones around the world and most chips can switch from one channel to the other if necessary.QCOM makes more money on licensing its patents than it does on actually shipping chips. That means it doesn't have to build massively expensive chip plants, and focuses on design rather than production.However, Qualcomm has run into antitrust issues. A few years ago it had to pay out massive fines to China and other countries that sued it because of its monopolistic hold on mobile phone infrastructure.But those days are behind it, and it is certainly going to be a major player as 5G starts to roll out globally.The stock is up 20% in the past year and off almost 12% year to date. It has an impressive 3.2% dividend and is trading at a reasonable P/E of 23. Texas Instruments (TXN)Source: Katherine Welles / Shutterstock.com Many people remember TXN as the company that built the coolest calculators around. And the fact is, it continues to make the default calculators for most high school students.But Texas Instruments, which has been around since 1930, is also one of the biggest chipmakers in the world. Nearly 80% of its revenue comes from analog chips and embedded processors. Analog chips convert analog inputs -- like voice -- into digital form for processing. And embedded processors are dedicated systems that provide a function within a larger piece of equipment or system. Think a sound system inside a car.These aren't sexy, but they are everywhere. And TXN can produce high-quality, reliable chips and processors in huge quantities. With everything going digital, that means TXN is in a growth business and is already producing at scale, and making money doing it.Not every aspect of our digital lives has to be built from cutting-edge designs; keeping some things simple makes high-performance equipment easier to maintain and more reliable. And TXN is certainly keeping up with the biggest trends, including 5G, but it is a significant supporting player, not a headliner.The stock is up nearly 14% in the past 12 months, and off 10% year to date. It also offers a durable and generous 3% dividend.Texas Instruments and other hardware makers I've mentioned here today are great examples of 5G stocks that stand to benefit from the 5G revolution.And I see even better potential with the companies that are making this massive infrastructure upgrade possible in the first place! The 5G Buildout Is an Incredible Opportunity for Investors Right NowWithin two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we'll have cable modem speeds on any device; no need to plug in. That's a big deal for rural areas … the very same areas that are also key to President Donald Trump's reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base -- and strike a blow against Chinese rivals like Huawei Technologies.But, in the big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it'll allow your internet devices to work in real time. That advancement is a game changer for tech companies.With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now.Cable companies can do their best to fight back with fiber optics … but they can't compete with the convenience of a smartphone, once it's got ultra-fast 5G. That's how my 5G infrastructure play will capture more market share from the broadband cable companies.The stock I'm targeting is enjoying an influx of big money on Wall Street, and it has strong fundamentals, too -- making it an A-rated "Strong Buy" in my Portfolio Grader system.Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks.When you do, you'll see how to claim a free copy of my investment report, The King of 5G "Turbo Button" Technology, which has full details on this company -- and what makes it such a great buy now.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post 7 5G Stocks to Buy for the Future of Telecom appeared first on InvestorPlace.
Apple supplier Lumentum Holdings on Tuesday reported earnings for its fiscal third quarter that topped views, while guidance fell short of Wall Street targets amid the coronavirus lockdown.
The number of deaths from COVID-19, the illness caused by the novel coronavirus, rose above 250,000 on Tuesday, amid news reports that internal projections used by White House officials were forecasting a jump in U.S. cases to come, even as President Donald Trump urges states to reopen.
The Dow Jones Industrial Average lags stronger moves by the Russell 2000 and the Nasdaq; yet it's making a solid rebound off its 50-day moving average.
Lumentum (LITE) delivered earnings and revenue surprises of 18.87% and -2.55%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The Dow Jones futures, along with S&P; 500 and Nasdaq futures, were higher early Tuesday after the stock market rebound.
Shares of Lumentum Holdings Inc. dropped 3.0% in premarket trading Tuesday, after the optical networking and photonic products company beat fiscal third-quarter profit expectations but missed on revenue and provided a downbeat outlook, as the COVID-19 pandemic limited the ability to supply products to customers. The Apple Inc. supplier said it swung to net income of $43.4 million, or 56 cents a share, from a loss of $74.3 million, or 98 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to $1.26 from 92 cents, topping the FactSet consensus of $1.05. Revenue fell 7% to $402.8 million, missing the FactSet consensus of $408.5 million. "As the outbreak spread outside of China late in the quarter, we experienced supply disruptions in excess of our prior assumptions," the company said in a statement. For the fourth quarter, the company expects adjusted EPS of 70 cents to 90 cents, below the FactSet consensus of $1.05, and revenue of $325 million to $365 million, below expectations of $411 million. The stock has lost 10.1% over the past three months through Monday, while the S&P 500 has shed 14.8%.
Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter of 2020 ended March 28, 2020.
You can't follow all of this week's reports, but keep an eye on Shopify, PayPal, Apple supplier Lumentum and others near buy points with earnings due.
Lumentum Holdings Inc. ("Lumentum") today announced that management is scheduled to participate in the virtual J.P. Morgan Global Technology, Media and Communications Conference.
With earnings on tap for May 5, IBD 50 member Lumentum is currently about 9% under a 93.33 buy point. The current formation is a second-stage consolidation. Buying a stock just ahead of earnings can be risky since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out.
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2020 financial results for the period ended March 28, 2020, on Tuesday, May 5, 2020, before the market opens.
By buying an index fund, investors can approximate the average market return. But if you pick the right individual...
Goldman Sachs analyst Rod Hall cut ratings on five companies and sounded the alarm about the prospects for consumer-electronics hardware companies.
Dow futures fell after the OPEC+ crude oil production deal. Microsoft, Netflix, Nvidia and Veeva eye buy points in the coronavirus stock market rally.
Lumentum Holdings Inc. ("Lumentum") today announced it has joined the Responsible Business Alliance (RBA). As a member, Lumentum fully supports the RBA's vision for a global electronics industry that creates sustainable value for workers, the environment, and businesses. Lumentum also supports the RBA's mission to ensure members, suppliers, and stakeholders collaborate to continuously improve working and environmental conditions through leading standards and practices.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]