LITE Stock Recent News

Lumentum Holdings has generally fared well in recent years, even though 2022 fiscal data came in a bit weak. 2023 is set up to be a great year for investors and shares of the enterprise look to be quite affordable.

Lumentum's (LITE) fourth-quarter fiscal 2022 results reflect a positive impact from the commercial lasers business. However, growth decelerates due to weakness in the optical communications business.

Lumentum Holdings Inc. (NASDAQ:LITE ) Q4 2022 Results Conference Call August 16, 2022 8:30 AM ET Company Participants Kathy Ta - VP, IR Alan Lowe - President and CEO Wajid Ali - EVP and CFO Chris Coldren - SVP, Chief Strategy and Corporate Development Officer Conference Call Participants Alex Henderson - Needham George Notter - Jefferies Simon Leopold - Raymond James Tom O'Malley - Barclays Meta Marshall - Morgan Stanley Christopher Rolland - Susquehanna Samik Chatterjee - JP Morgan Ananda Baruah - Loop Capital Tim Savageaux - Northland Capital Markets Richard Shannon - Craig-Hallum Michael Genovese - Rosenblatt Operator Good day, everyone, and welcome to the Lumentum Holdings Fourth Quarter Fiscal Year 2022 Earnings Call. All participants will be in listen-only mode.

Lumentum (LITE) delivered earnings and revenue surprises of 8.89% and 0.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Shares of Lumentum Holdings Inc. LITE, +2.04% slumped 8.5% in premarket trading Tuesday, after the optical networking products company reported fiscal fourth-quarter earnings that beat expectations but provided a downbeat profit outlook for the current quarter. Net income for the quarter to July 2 rose to $34.7 million, or 49 cents a share, from $21.5 million, or 28 cents a share, in the year-ago period.

Lumentum Holdings Inc. provides optical and photonic products for optical communications and commercial lasers for manufacturing, inspection, and life-science applications. The growing demand for Lumentum's products will likely bring Lumentum's revenue growth up. Automobiles, machine vision, biometric security, LiDAR, and driver monitoring are some of the new technologies.

IQE PLC (AIM:IQE), the semiconductor wafers supplier, said it has signed a multi-year contract with existing client Lumentum, effective immediately. The Welsh company will supply epiwafers supporting 3D sensing, LiDAR for automotive, and optical networking applications to its long-term customer.

During the technology sell-off, Lumentum has not only been outperforming the technology sector, but is also outperforming the S&P 500. The reason is because the company has a competitive advantage when it comes to its laser-based 3D-sensing and optical networking solutions.

Lumentum Holdings Inc. (NASDAQ:LITE ) Q3 2022 Results Earnings Conference Call May 4, 2022 8:30 AM ET Company Participants Kathryn Ta - Vice President of Investor Relations Alan Lowe - President and Chief Executive Officer Wajid Ali - Executive Vice President and Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy and Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James & Associates Samik Chatterjee - J.P. Morgan Alex Henderson - Needham & Company George Notter - Jefferies & Co. Meta Marshall - Morgan Stanley Thomas O'Malley - Barclays Capital Rod Hall - Goldman Sachs Christopher Rolland - Susquehanna Michael Genovese - Rosenblatt Securities Ananda Baruah - Loop Capital Dave Kang - B.

Lumentum (LITE) delivered earnings and revenue surprises of 5.31% and 0.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?