The Top ETF of August and its Best Stocks [Yahoo! Finance]
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: Yahoo! Finance
Although most of the stocks in XTL's portfolio have delivered strong returns this year, a few have gained more than 25%. These are Lumen Technologies LUMN, Applied Optoelectronics AAOI, AST SpaceMobile ASTS, Lumentum Holdings Inc. LITE and Digi International Inc. DGII. The telecom sector witnessed strong growth last month, driven by soaring AI demand and September rate-cut bets. Rising demand for AI requires greater connectivity between data centers and the telecom companies are in a position to help drive the AI growth wave. As telecom is a capital-intensive sector, lower rates will help drive more business expansion, given that they will face lower loan rates over time. Amid the extreme volatility seen last month, the telecom sector proved relatively resilient, as communication services remain essential regardless of economic conditions. Additionally, several major telecom players reported better-than-expected quarterly earnings in August, citing a rise in new subscribers, part
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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