Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: lumentum.com
| 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 |
| 4/6/2023 | $77.00 → $48.00 | Buy → Neutral | Rosenblatt |
| 2/10/2023 | $90.00 → $66.00 | Buy → Neutral | B. Riley Securities |
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
BofA Securities downgraded Lumentum from Neutral to Underperform and set a new price target of $50.00
Barclays downgraded Lumentum from Equal Weight to Underweight and set a new price target of $42.00 from $40.00 previously
Barclays downgraded Lumentum from Overweight to Equal Weight and set a new price target of $40.00 from $55.00 previously
JP Morgan upgraded Lumentum from Neutral to Overweight and set a new price target of $60.00 from $54.00 previously
Craig Hallum downgraded Lumentum from Buy to Hold and set a new price target of $50.00
Rosenblatt downgraded Lumentum from Buy to Neutral and set a new price target of $48.00 from $77.00 previously
B. Riley Securities downgraded Lumentum from Buy to Neutral and set a new price target of $66.00 from $90.00 previously
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
4 - Lumentum Holdings Inc. (0001633978) (Issuer)
DEFA14A - Lumentum Holdings Inc. (0001633978) (Filer)
DEF 14A - Lumentum Holdings Inc. (0001633978) (Filer)
10-K - Lumentum Holdings Inc. (0001633978) (Filer)
8-K - Lumentum Holdings Inc. (0001633978) (Filer)
SD - Lumentum Holdings Inc. (0001633978) (Filer)
8-K - Lumentum Holdings Inc. (0001633978) (Filer)
S-8 - Lumentum Holdings Inc. (0001633978) (Filer)
10-Q - Lumentum Holdings Inc. (0001633978) (Filer)
8-K - Lumentum Holdings Inc. (0001633978) (Filer)
S-8 - Lumentum Holdings Inc. (0001633978) (Filer)
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
LYON, France, December 6, 2022 -- EDAP TMS SA (NASDAQ:EDAP) (the "Company"), the global leader in robotic energy-based therapies, announced today that the Company has hired medical capital equipment finance industry veteran Ken Mobeck as Chief Financial Officer of EDAP Technomed Inc., the Company's U.S. subsidiary. During his extensive career, Mr. Mobeck has demonstrated significant leadership expertise in driving transformational business growth while establishing a track record of creating lasting shareholder value. Marc Oczachowski, Chairman and Chief Executive Officer of EDAP TMS, stated, "I am very pleased to welcome Ken onboard our U.S. subsidiary. Ken is a great addition to Ryan Rh
SAN JOSE, Calif., Aug. 30, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") announced the appointment of Grace Lee as Senior Vice President and Chief Human Resources Officer, reporting to Alan Lowe, President and Chief Executive Officer. Lee will replace Sharon Parker who plans to retire after more than 40 years of successfully leading and positively impacting Lumentum and its predecessor companies. At Lumentum, Lee will be responsible for global people strategy and aligning it with business needs. She will lead global talent acquisition and development and total rewards, while further expanding its diversity, inclusion, and belonging initiatives. Lee brings over 25 years of lea
SAN JOSE, Calif., June 7, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced the appointment of Isaac ("Ike") Harris, Corporate Vice President, Global Supply Chain Operations for ZT Systems, to its Board of Directors as an independent member, effective immediately. The election of Mr. Harris expands Lumentum's Board to eight members, seven of whom are independent. "Ike brings a track record of successfully expanding global operations and creating a positive impact on business performance and operational excellence for industry-leading organizations," said Penny Herscher, Chair of Lumentum's Board of Directors. "On behalf of the entire Board, we are delighted to welcome
SC 13G - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
SC 13G/A - Lumentum Holdings Inc. (0001633978) (Subject)
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
6 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. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 1 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 1 0 2M Ago 1 2 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $51.67, a high estimate of $62.00, and a low estimate of $38.00. A decline of 2.05% from
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Baird boosted the price target for NVIDIA Corporation (NASDAQ:NVDA) from $1,050 to $1,200. Baird analyst Tristan Gerra maintained an Outperform rating. NVIDIA shares fell 2% to close at $924.79 on Friday. See how other analysts view this stock. Piper Sandler slashed the price target for Ulta Beauty, Inc. (NASDAQ:ULTA) from $595 to $505. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. Ulta Beauty shares fell 0.4% to close at $399.56 on Friday. See how other analysts view thi
Needham analyst Alex Henderson maintains Lumentum Holdings (NASDAQ:LITE) with a Buy and lowers the price target from $60 to $55.
Lumentum Holdings's (NYSE:LITE) short percent of float has fallen 8.65% since its last report. The company recently reported that it has 9.54 million shares sold short, which is 18.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 12.52 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
The Biden administration has revoked export licenses that previously allowed major American semiconductor manufacturers, Intel Corp. (NASDAQ:INTC) and Qualcomm Inc. (NASDAQ:QCOM), to supply essential chips to Huawei. This decision, as confirmed by the Commerce Department to the Financial Times on Tuesday, marks a pivotal escalation in the U.S. strategy to curb the technological ascent of the Chinese telecommunications equipment powerhouse. National Security Concerns At The Forefront This regulatory crackdown follows persistent concerns voiced by U.S. national security officials regarding Huawei's involvement in facilitating cyber espionage activities, allegations that Huawei consis
B. Riley Securities analyst Dave Kang maintains Lumentum Holdings (NASDAQ:LITE) with a Neutral and lowers the price target from $41 to $40.
Barclays analyst Tom O'Malley maintains Lumentum Holdings (NASDAQ:LITE) with a Underweight and lowers the price target from $40 to $38.
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
Demonstrates advanced 800G ZR+ transceivers and tunable SFP28 ER modules; shares insights on energy-efficient optics for scalable AI networks Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today its participation in the European Conference on Optical Communication (ECOC) 2024 in Frankfurt, Germany, from September 23 – 25. At Stand #A24, Lumentum will showcase its latest photonic solutions, reinforcing its commitment to powering the artificial intelligence (AI) revolution through unparalleled speed, scalability, and energy efficiency. Advancing AI and High-Capacity Networks with Enhanced 800G ZR+ Transc
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
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter 2024 financial results on Wednesday, August 14, 2024, after the market closes. Lumentum will hold a conference call the same day at 2:30 p.m. PT/5:30 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: 819344 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
Lumentum Holdings Inc. ("Lumentum") today announced that company management is currently scheduled to participate in the following investor events: Event: 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference, Boston Date: Monday, May 20, 2024 Webcast Link: https://jpmorgan.metameetings.net/events/tmc24/sessions/51436-lumentum/webcast Presentation Time: 3:10 p.m. Eastern Time Event: 21st Annual Craig-Hallum Institutional Investor Conference, Minneapolis Date: Wednesday, May 29, 2024 Meeting Availability: 8:00 a.m. – 4:00 p.m. Central Time
Net revenue of $366.5 million GAAP gross margin of 16.2%; Non-GAAP gross margin of 32.6% GAAP operating loss of 31.3%; Non-GAAP operating margin of 4.1% GAAP diluted net loss per share of $1.88; Non-GAAP diluted net income per share of $0.29 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter ended March 30, 2024. "Lumentum is well-positioned to capitalize on surging cloud data center demand driven by the exponentially increasing requirements of artificial intelligence," said Alan Lowe, President and CEO. "We are making significant strides in developing new products and customer programs, and expanding production capaci
Leading Photonics Provider Maintains Top Rating for Superior Sustainability Performance; Increases its Environmental Score by 10 Points Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced that it has received the EcoVadis Platinum Medal for the second consecutive year, representing the highest level of recognition for sustainability performance. Lumentum remains in the top one percent of companies assessed by EcoVadis in the past year, increasing its overall score from 78 to 80 points. In the environmental category, the company increased its score by 10 points from last year. Medals are awarded based
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 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: 840104 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 confere
Award-winning transceivers transforming metro and regional networks and unlocking new possibilities in long-haul applications Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced significant performance enhancements to its 800ZR+ transceivers. These improvements enable the 800ZR+ modules to serve a wider range of applications, including expanded use in metro and regional networks through the ability to interface directly into routers. Additionally, the enhanced performance modes now make 400ZR+ and 600ZR+ operation suitable for true long-haul applications, with OSNR and dispersion tolerance enabling re
Pioneering technologies supporting the increasing demands of AI cloud data centers and next-generation communications networks Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, introduced today the latest additions to its comprehensive suite of photonic products at the 2024 Optical Fiber Communication Conference (OFC) in San Diego, California. Lumentum's innovations are designed to accelerate the speed, efficiency, and scalability of cloud, artificial intelligence (AI), and networking applications. Lumentum will showcase its products and host demonstrations of its photonic technologies at booth #2613 in Hall E, nea
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
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter 2024 financial results on Wednesday, August 14, 2024, after the market closes. Lumentum will hold a conference call the same day at 2:30 p.m. PT/5:30 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: 819344 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
Net revenue of $366.5 million GAAP gross margin of 16.2%; Non-GAAP gross margin of 32.6% GAAP operating loss of 31.3%; Non-GAAP operating margin of 4.1% GAAP diluted net loss per share of $1.88; Non-GAAP diluted net income per share of $0.29 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal third quarter ended March 30, 2024. "Lumentum is well-positioned to capitalize on surging cloud data center demand driven by the exponentially increasing requirements of artificial intelligence," said Alan Lowe, President and CEO. "We are making significant strides in developing new products and customer programs, and expanding production capaci
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 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: 840104 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 confere
Net revenue of $366.8 million GAAP gross margin of 17.4%; Non-GAAP gross margin of 32.6% GAAP operating loss of 28.7%; Non-GAAP operating margin of 3.5% GAAP diluted net loss per share of $1.47; Non-GAAP diluted net income per share of $0.32 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal second quarter ended December 30, 2023. "Lumentum stands at the leading edge of photonics innovation, partnering with customers to enable the future of data centers and the networks that connect them. Given the surging bandwidth demands of AI data centers, and our strong traction on new transceiver opportunities, we are strategically expanding ou
Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2024 financial results on Thursday, February 8, 2024, before the market opens. Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.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: 255741 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
Net revenue of $317.6 million GAAP gross margin of 24.1%; Non-GAAP gross margin of 34.9% GAAP operating loss of 25.4%; Non-GAAP operating margin of 3.3% GAAP diluted net loss per share of $1.02; Non-GAAP diluted net income per share of $0.35 Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal first quarter ended September 30, 2023. "We are thrilled to welcome the talented Cloud Light team to Lumentum. In calendar 2024, we expect cloud applications will drive over 30 percent of our Cloud & Networking revenue, both within data centers and for data center interconnect. We anticipate year-over-year Cloud & Networking growth in calendar 2024,
Lumentum Holdings Inc. (NASDAQ:LITE) ("Lumentum") today announced that it has completed its previously announced acquisition of Cloud Light Technology Limited ("Cloud Light"). "I am excited to add Cloud Light's high-speed optical transceiver products, differentiated technology, and talented team to Lumentum," said Alan Lowe, Lumentum President and CEO. "Cloud operators have embraced this transaction, recognizing the enhanced customer value proposition it brings through leading-edge technology, a broader product portfolio, and strengthened supply chain security, all at a time when Artificial Intelligence is driving data center compute capacity to its limits." Under terms of the merger ag
Combination expected to deliver a more than five-fold expansion in Lumentum's cloud intra-data center served opportunity Served opportunity expected to grow at over 30% CAGR through 2028, driven by investments to support the rapid proliferation of Artificial Intelligence and Machine Learning (AI/ML) applications Acquisition expected to be immediately accretive to non-GAAP earnings per share and to more than double Lumentum's cloud intra-data center infrastructure revenue in the 12-month period following the transaction close Lumentum to host an investor call today, October 30, at 5:30 a.m. PT to discuss the transaction Lumentum Holdings Inc. (NASDAQ:LITE) ("Lumentum") and Cloud