Lumentum Holdings: No Issues Achieving Quarterly Revenue Target [Seeking Alpha]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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US:NASDAQ Investor Relations:
investor.lumentum.com/investors/default.aspx
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Source: Seeking Alpha
7min Summary I maintain a buy rating for Lumentum Holdings due to its positive growth potential and recent developments. LITE's 4Q24 performance and 1Q25 guidance suggest the first y/y growth after six consecutive quarters of decline, boosting confidence in future growth. Key developments include a new 800G transceiver deal with a major cloud provider and expanding EML manufacturing capacity to meet AI-driven demand. Monty Rakusen Summary Following my coverage on Lumentum Holdings ( NASDAQ: LITE ) in Feb'24, which I recommended a buy rating on due to my expectation that the inventory headwind was not a structural issue and that the long-term growth outlook remained positive, this post is to provide an update on my thoughts on the business and stock. I remain buy-rated for LITE as I am still positive on the growth potential, given the two positive developments. The stock sentiment should also get incrementally better as the market gets convinced that LITE has gotten past
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LITE
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