Lumentum downgraded by BofA Securities with a new price target
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BofA Securities downgraded Lumentum from Neutral to Underperform and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/7/2025 | Market Perform → Outperform | Northland Capital | |
| 3/24/2025 | $96.00 → $82.00 | Outperform → Strong Buy | Raymond James |
| 3/11/2025 | $92.00 | Neutral → Outperform | Exane BNP Paribas |
| 2/21/2025 | Buy | Jefferies | |
| 1/17/2025 | $80.00 → $125.00 | Underweight → Overweight | Barclays |
| 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 |
Lumentum Holdings Inc. ("Lumentum" or the "Company"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud/AI, networking, and industrial applications, today announced that on April 15, 2025, it granted to Michael Brooker, the Company's recently hired Chief Transformation Officer, the following equity awards: (i) restricted stock units ("RSUs") covering 23,094 shares of Lumentum's common stock that will vest as to 1/2 of the award on the one year anniversary of the grant date and as to the remaining 1/2 of the award in substantially equal quarterly installments over the subsequent four calendar quarters, (ii) RSUs covering 23,094 shares of Lumentu
Lumentum Holdings Inc. ("Lumentum"), a global leader in optical and photonic solutions for the cloud and networking markets, announced today new advancements in foundational indium phosphide (InP) photonic chip technologies designed to deliver higher bandwidth and more power efficient connectivity for next-generation AI-driven data centers. Lumentum's latest InP innovations — enabling future 400 Gbps-per-lane optical links, more efficient 200 Gbps-per-lane optical links, and co-packaged optics — will be showcased in live demonstrations and a technical presentation at the 2025 Optical Fiber Communications Conference and Exhibition (OFC) at Lumentum booth #2119 in San Francisco, California, A
New 400/800G ZR+ L-band pluggable modules now sampling, enabling expanded fiber capacity for data center interconnect, metro, and long-haul networks Previously announced 800G ZR+ C-band pluggable module now generally available Lumentum Holdings Inc. ("Lumentum"), a global leader in optical and photonic solutions for the cloud and networking markets, announced today limited sampling of its new 400/800G ZR+ L-band pluggable transceivers, along with general availability of its 800G ZR+ C-band module. Both products will be showcased in live demonstrations at the 2025 Optical Fiber Communications Conference and Exhibition (OFC) at Lumentum Booth #2119 in San Francisco, California, April 1-3
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Net revenue of $402.2 million GAAP gross margin of 24.8%; Non-GAAP gross margin of 32.3% GAAP operating loss of 12.8%; Non-GAAP operating margin of 7.9% GAAP diluted net loss per share of $0.88; Non-GAAP diluted net income per share of $0.42 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal second quarter ended December 28, 2024. "In the second quarter, we exceeded the high end of our guidance ranges for both revenue and earnings per share, driven by strong demand in the cloud end market. This is an exciting time for Lumentum as we position ourselves to capitalize on expanding cloud opportunities and the recovery of the broader network
Michael Hurlston Appointed President and CEO Alan Lowe to Retire as President and CEO Provides Preliminary Fiscal Second Quarter 2025 Results Lumentum Holdings Inc. ("Lumentum" or the "Company"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud/AI, networking, and industrial applications, today announced that Michael Hurlston has been appointed President and Chief Executive Officer and as a Director of the Company, effective February 7. Hurlston succeeds Alan Lowe, who has served as the Company's President and CEO since 2015. Lowe will continue to serve on Lumentum's Board of Directors and as an advisor to the Company. Hurlston is a pr
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2025 financial results on Thursday, February 6, 2025, 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: 360050 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
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Northland Capital upgraded Lumentum from Market Perform to Outperform
Raymond James upgraded Lumentum from Outperform to Strong Buy and set a new price target of $82.00 from $96.00 previously
Exane BNP Paribas upgraded Lumentum from Neutral to Outperform and set a new price target of $92.00
Paul Lundstrom Brings Wealth of Knowledge in Finance, Manufacturing, and Business Transformation Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to 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 Paul to the Lumentum Board," said Penelope Herscher, Chair of Lumentum's Board of Directors. "He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation
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