Lumentum downgraded by Barclays with a new price target
$LITE
Telecommunications Equipment
Telecommunications
Barclays downgraded Lumentum from Overweight to Equal Weight and set a new price target of $40.00 from $55.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2024 | $65.00 → $70.00 | Buy | Needham |
| 12/22/2023 | Hold → Buy | Craig Hallum | |
| 8/18/2023 | $67.00 → $62.00 | Neutral → Buy | Rosenblatt |
| 7/18/2023 | $50.00 | Neutral → Underperform | BofA Securities |
| 7/5/2023 | $40.00 → $42.00 | Equal Weight → Underweight | Barclays |
| 5/10/2023 | $55.00 → $40.00 | Overweight → Equal Weight | Barclays |
| 4/17/2023 | $54.00 → $60.00 | Neutral → Overweight | JP Morgan |
| 4/6/2023 | $50.00 | Buy → Hold | Craig Hallum |
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
Net revenue of $336.9 million GAAP gross margin of 23.1%; Non-GAAP gross margin of 32.8% GAAP operating loss of 24.5%; Non-GAAP operating margin of 3.0% GAAP diluted net loss per share of $1.21; Non-GAAP diluted net income per share of $0.18 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal first quarter ended September 28, 2024. "In the first quarter, we exceeded the high end of our guidance for both revenue and earnings per share," said Alan Lowe, President and CEO. "We set a new record for datacom laser chip orders, including substantial 200G EML orders, reflecting strong demand from multiple customers, including an AI infrastructure cus
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal first quarter 2025 financial results on Thursday, November 7, 2024, after the market closes. Lumentum will hold a conference call the same day at 2:00 p.m. PT/5:00 p.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (833) 470-1428 or (404) 975-4839 Conference ID: 013162 The Company recommends participants dial in at least 10 minutes before the scheduled start to minimize potential delays in joining the call. Lumentum also encourages those who plan to dial into the conf
Fiscal Fourth Quarter Highlights: Net revenue of $308.3 million GAAP operating loss of 43.3%; Non-GAAP operating loss of 0.3% GAAP diluted net loss per share of $3.72; Non-GAAP diluted net income per share of $0.06 Fiscal Year 2024 Highlights: Net revenue of $1.36 billion GAAP operating loss of 31.9%; Non-GAAP operating margin of 2.8% GAAP diluted net loss per share of $8.12; Non-GAAP diluted net income per share of $1.01 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal fourth quarter and full year ended June 29, 2024. "We exceeded our guidance midpoints for both revenue and EPS in the fourth quarter. We booked record order
144 - Lumentum Holdings Inc. (0001633978) (Subject)
144 - Lumentum Holdings Inc. (0001633978) (Subject)
144 - Lumentum Holdings Inc. (0001633978) (Subject)
Breakthrough Optical Solution Recognized for Transforming Network Technology with Additional Honors in Network Transformation and Management Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that its TrueFlex® Contentionless Twin 16x24 Wavelength Selective Switch (WSS) has won the 2024 Pipeline Innovation Award for Innovation in Network Technology. Lumentum also earned runner-up honors in the categories of Innovation in Network Transformation and Innovation in Network Management. The TrueFlex Contentionless Twin 16x24 WSS is designed for modern colorless, directionless, contentionless (CDC) reconf
Lumentum Holdings Inc. ("Lumentum") today announced that company management is currently scheduled to participate in the following investor events: Event: Needham & Company Virtual Tech Week Date: Tuesday, November 19, 2024 Presentation Times: 11:00 a.m. – 3:00 p.m. Eastern Time Event: 2024 UBS Global Technology and AI Conference, Scottsdale, AZ Date: Tuesday, December 3, 2024 Webcast Link: https://url.us.m.mimecastprotect.com/s/bKCmCER7G6SROLGQUNfvH74Rod?domain=cc.webcasts.com Presentation Time: 11:35 a.m. Mountain Time Event: R
Net revenue of $336.9 million GAAP gross margin of 23.1%; Non-GAAP gross margin of 32.8% GAAP operating loss of 24.5%; Non-GAAP operating margin of 3.0% GAAP diluted net loss per share of $1.21; Non-GAAP diluted net income per share of $0.18 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal first quarter ended September 28, 2024. "In the first quarter, we exceeded the high end of our guidance for both revenue and earnings per share," said Alan Lowe, President and CEO. "We set a new record for datacom laser chip orders, including substantial 200G EML orders, reflecting strong demand from multiple customers, including an AI infrastructure cus
Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the appointment of Jae Kim as Senior Vice President, General Counsel and Corporate Secretary, reporting to Alan Lowe, President and Chief Executive Officer. In this role, Kim will be responsible for leading Lumentum's Legal department, including Corporate Affairs, Commercial Transactions, Trade Compliance, and Intellectual Property. He will also be responsible for Facilities, Real Estate and Security. Kim succeeds Judy Hamel, who will be retiring from Lumentum after serving as Senior Vice President, General Counsel and Secretary since 2015. She previ
SAN JOSE, Calif., Feb. 23, 2023 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the appointment of Pamela Fletcher as an independent member of the Company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent. "I am excited to welcome Pam to the Lumentum Board," said President and Chief Executive Officer, Alan Lowe. "She brings a wealth of knowledge and expertise in key sectors of interest to us, as well a fresh perspective on critical growth levers such as sustainability and innovation. I am confident that she
SAN JOSE, Calif., Jan. 3, 2023 /PRNewswire/ -- Today, Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced the appointment of Caroline Pan as Senior Vice President and Chief Marketing Officer, reporting to Alan Lowe, President and Chief Executive Officer. Pan will be responsible for leading Strategic Marketing, Corporate Marketing and Communications, and Lumentum Ventures, a company-wide initiative to drive market expansion through breakthrough innovation. "I am thrilled to welcome Caroline to Lumentum," said President and CEO, Alan Lowe. "Given expanding opportunities outside of Lumentum's core customers and e
4 analysts have expressed a variety of opinions on Lumentum Holdings (NASDAQ:LITE) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 1 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 0 1 1 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $50.75, a high estimate of $70.00, and a low estimate of $38.00. Witnessing a positive shift, the cur
Susquehanna analyst Christopher Rolland maintains Lumentum Holdings (NASDAQ:LITE) with a Positive and raises the price target from $60 to $70.
Lumentum Holdings's (NYSE:LITE) short percent of float has risen 3.88% since its last report. The company recently reported that it has 10.08 million shares sold short, which is 18.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.44 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short in
Needham reiterated coverage of Lumentum with a rating of Buy and set a new price target of $70.00 from $65.00 previously
Craig Hallum upgraded Lumentum from Hold to Buy
Rosenblatt upgraded Lumentum from Neutral to Buy and set a new price target of $62.00 from $67.00 previously