LITE Stock Recent News

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 2024, after the market closes. Lumentum will hold a conference call the same day at 2:00 p.m. PT/5:00 p.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (833) 470-1428 or (404) 975-4839.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that its experts will contribute to technical sessions, presentations, and panel discussions at the Optical Fiber Communication Conference (OFC) being held in San Diego, California from March 26 - 28, 2024. Alan Lowe, CEO and President of Lumentum, will take part in the Optica Executive Forum's CEO Panel at OFC, discussin.

Lumentum beat expectations on both the top and bottom lines this morning. Sales and profit margins remain on the decline, however, and the only thing growing at Lumentum is the losses.

Lumentum (LITE) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $1.52 per share a year ago.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2024 financial results on Thursday, February 8, 2024, before the market opens. Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (833) 470-1428 or (404) 9.

On Friday morning, Craig-Hallum analyst Richard Shannon upgraded Lumentum stock to buy. Shannon forecasts a rebound in telecommunications equipment spending in 2024, spurred by AI and cloud computing needs.

Lumentum faces tough macro and competitive challenges. Acquisitions are helping reduce customer concentration issues, but its core businesses lack clear competitive advantages.

Coherent and Lumentum are both leading laser and optical chip makers. Coherent is larger and operates a growing silicon carbide business.

Coherent expanded through acquisitions over the past three decades. It expects to profit from the growth of the silicon carbide and AI markets.

Optical and photonics manufacturer Lumentum Holdings Inc. NASDAQ: LITE provides optical components and lasers to data centers, cloud providers, telecoms and the manufacturing industry. Its optical products enable telecom networks to transmit data and connect servers in data centers.