Ciena rises after Q3 sees growth in cloud providers, recovery in service [Seeking Alpha]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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Source: Seeking Alpha
For the three-month period ended July 27, Adjusted EPS tumbled about 40.6% year-over-year to $0.35, while revenue fell 11.8% year-on-year to $942.3M. However, both top and bottom line numbers of the networking company surpassed analysts' expectations. "We delivered strong results for the fiscal third quarter that reflect growing momentum with cloud providers and continued gradual recovery with service providers," said Ciena's President and CEO Gary Smith. "With leading innovation that is well-aligned with our customers' focus on building cloud and AI-capable infrastructures, we are well-positioned to continue to gain share and deliver profitable growth." Revenue from Americas amounted to $718.6M, representing about 76.3% of total revenue in the third quarter of fiscal year 2024. Asia Pacific region's revenue was $88.7M, representing 9.4% of total revenue, compared to $165.6M, or 15.5% of total revenue in the third quarter of fiscal 2023. The company bought back about 0.6 mill
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News
- Lumentum TrueFlex® WSS Wins 2024 Pipeline Award for Innovation in Network Technology [Yahoo! Finance]Yahoo! Finance
- Lumentum TrueFlex® WSS Wins 2024 Pipeline Award for Innovation in Network TechnologyBusiness Wire
- Lumentum Announces Upcoming Investor EventsBusiness Wire
- Lumentum Holdings Inc. (NASDAQ: LITE) had its price target raised by analysts at Morgan Stanley from $61.00 to $76.00. They now have an "equal weight" rating on the stock.MarketBeat
- Micromachining Market Size to Hit US$ 5.63 Billion by 2032, Due to Advancements in Miniaturization & High-Precision Manufacturing | Research by S&S Insider [Yahoo! Finance]Yahoo! Finance
LITE
Earnings
- 11/7/24 - Miss
LITE
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 144
- 11/19/24 - Form 4
- LITE's page on the SEC website