LITE Stock Recent News

Lumentum Holdings (LITE 0.13%) may not be a household name among investors, but a closer look at its stock price chart for the past four and a half months will tell us that it has been on a tearing run on the market.

Lumentum's consensus growth outlook is significantly higher than its past historical growth rate. We believe the company has a strong competitive position in the VCSEL market while being exposed to high growth opportunities in the Optical Transceiver market. In terms of geography, the company's US segment has been growing the fastest with a 13.9% average growth rate and remains the company's largest market.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to the company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent.

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LOS ANGELES, CALIFORNIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" “Omni-Lite”; TSXV: OML) today is reporting that California Nanotechnologies Corp. (“Cal Nano”; TSXV: CNO) has fully paid off the outstanding debt owed to the Company aggregating approximately US$600,000, comprised of principal and interest related to the loan and promissory note previously advanced to Cal Nano. Accordingly, the debt repayment will result in an increase to the Company's cash position, a corresponding reduction, or extinguishment, in the carrying value of the outstanding debt receivable, along with a one-time gain, or to “Other Income” of approximately US$200,000. Additionally, the Company has realized cash proceeds from the recent sale of approximately 230,000 shares of Cal Nano common stock, which will result in an additional increase in cash in the fiscal fourth quarter 2024.

Boosted by Lumentum and Applied Optoelectronics earnings reports, IBD's Telecom-Fiber Optics group has climbed to No. 3 out of 197 industries tracked.

Lumentum Holdings Inc. LITE reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates on Thursday.

Lumentums Q1 2025 results exceeded expectations with a 20% stock surge, driven by strong datacom optics and AI market exposure. The company forecasts double-digit sequential revenue growth in Q2, with significant future growth in cloud and AI opportunities. Despite challenges in the 3D sensing and automotive markets, LITE stock's valuation grade improved, and it retains a 'buy' rating.

Lumentum Holdings Inc. (LITE) Q3 2024 Earnings Call Transcript

Lumentum (LITE) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.35 per share a year ago.