LITE Stock Recent News

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today its participation in the European Conference on Optical Communication (ECOC) 2024 in Frankfurt, Germany, from September 23 – 25. At Stand #A24, Lumentum will showcase its latest photonic solutions, reinforcing its commitment to powering the artificial intelligence (AI) revolution through unparalleled speed, scalability, a.

Ecosystem Enables Cloud Operators to Optimally Scale Regional Data Center Connectivity  for the AI Era SANTA CLARA, Calif. , Sept. 5, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, Lumentum Holdings Inc., a market-leading designer and manufacturer of innovative optical and photonic products, and Coherent Corp., a leader in compound semiconductors and high-speed optical networking technology today announced the successful interoperability demonstration of 800G ZR/ZR+ optical modules over transmission links up to 500km.

Investors hurried to buy back Lumentum stock after the company posted quarterly results. Lumentum Holdings saw a V-shaped rebound last week, with shares up 20% for the week. The company reported Q4 revenue and non-GAAP EPS that exceeded its guidance.

Lumentum Holdings Inc. LITE shares are trading higher after the company reported fourth-quarter results and several analysts raised the price target on the stock.

Optical-components maker Lumentum reported strong earnings for the quarter ended June. The company also provided upbeat guidance.

Lumentum Holdings Inc. (NASDAQ:LITE ) Q4 2024 Earnings Conference Call August 14, 2024 5:30 PM ET Company Participants Kathy Ta - Vice President, Investor Relations Alan Lowe - President & Chief Executive Officer Wajid Ali - Executive Vice President & Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy & Corporate Development Officer Conference Call Participants Samik Chatterjee - JP Morgan Alex Henderson - Needham and Company Simon Leopold - Raymond James. George Notter - Jefferies Meta Marshall - Morgan Stanley Tom O'Malley - Barclays Ruben Roy - Stifel Vivek Arya - Bank of America Karl Ackerman - BMP Paribas Ananda Baruah - Loop Capital Tim Savageaux - Northland Capital Markets Richard Shannon - Craig-Hallum.

Lumentum (LITE) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.59 per share a year ago.

Amid the AI boom, data centers are sending and receiving so much data that they are embarking on “the largest expansion of the internet in our lifetime,” Lumen Technologies (NYSE: LUMN ) Chief Technology Officer Dave Ward recently said, according to Fierce Network. That makes the idea of finding the best fiber stocks much more appealing.

The Zacks Laser Systems and Components industry participants like Lumentum Holdings (LITE) and MicroVision (MVIS) gain from solid demand for applications like Generative AI, autonomous driving, IoT, 5G and healthcare amid challenging macroeconomic conditions.

The Nasdaq Composite‘s rally has yet to abate, but there are still Nasdaq stocks to sell. The tech-heavy index has risen over 11% and is likely to edge upwards.