Ciena drops as JPMorgan cuts on valuation worries [Seeking Alpha]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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investor.lumentum.com/investors/default.aspx
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Source: Seeking Alpha
Shares fell 3.9% in premarket trading. "Shares of Ciena have increased +49% YTD vs. S&P 500 increasing +21%, as investors have latched onto the idea of a robust Optical cycle in the coming years as a driver of change in the structural growth outlook," analyst Samik Chatterjee wrote in a note to clients. "However, we believe the EPS upside is more limited relative to the upside embedded in the shares at 27x NTM P/E." Chatterjee lowered his rating to Neutral from Overweight on Ciena, but kept his $65 price target. Delving a bit deeper, Chatterjee said he sees Ciena's revenue growth in fiscal 2025 to be in-line with the long-term growth rate of 6% to 8%, as telecom spending is still "constrained." And while cloud capex spending in total is expected to remain strong, any flow through to inter-data center investments is "lower in magnitude relative to intra-datacenter," Chatterjee added, citing the "inconsistent growth in Ciena's cloud revenues relative to Cloud capex trends in th
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LITE
News
- Tiny But Vital Metal Markets Rush to Adjust to Chinese Clampdown [Yahoo! Finance]Yahoo! Finance
- Here's Why Lumentum Holdings (LITE) Rose in Q3 [Yahoo! Finance]Yahoo! Finance
- Lumentum Holdings Inc. (NASDAQ: LITE) had its price target raised by analysts at Morgan Stanley from $76.00 to $83.00. They now have an "equal weight" rating on the stock.MarketBeat
- Lumentum Appoints New Board MemberBusiness Wire
- China Dials Up US Trade Tension With Tit-for-Tat Metals Ban [Yahoo! Finance]Yahoo! Finance
LITE
Earnings
- 11/7/24 - Miss
LITE
Sec Filings
- 12/17/24 - Form 3
- 12/12/24 - Form 8-K
- 12/3/24 - Form 4
- LITE's page on the SEC website