Lumentum Holdings (LITE) Stock

Lumentum Holdings (LITE 0.13%) might not be well-known to many investors, but if you examine its stock price over the last four and a half months, you'll see it has been performing very well in the market.

Lumentum's expected growth is much greater than what it has achieved in the past. We think the company is well-positioned in the VCSEL market and has great potential for growth in the Optical Transceiver market. Geographically, the US segment is expanding the quickest, with an average growth rate of 13.9%, and it is also the company's largest market.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a top designer and maker of advanced optical and photonic products for cloud, networking, and industrial uses, has announced that Paul Lundstrom has been appointed to its Board of Directors, starting now. With this addition, the board now has nine members, with eight being independent.

Thanks to the earnings reports from Lumentum and Applied Optoelectronics, IBD's Telecom-Fiber Optics group has risen to the third position among 197 industries being monitored.

Lumentum Holdings Inc. (LITE) announced its first-quarter financial results on Thursday, which were better than analysts had predicted. Additionally, the company provided second-quarter guidance that exceeded expectations.

Lumentum's Q1 2025 results were better than expected, leading to a 20% increase in stock price, thanks to strong performance in datacom optics and the AI market. The company predicts double-digit revenue growth for Q2, with promising prospects in cloud and AI sectors. Although there are difficulties in the 3D sensing and automotive markets, LITE stock's valuation has improved, and it still holds a 'buy' rating.

Lumentum (LITE) reported quarterly earnings of $0.18 per share, which is higher than the Zacks Consensus Estimate of $0.13 per share. This is a decrease compared to earnings of $0.35 per share from the same period last year.

INVESTOR CONFERENCE CALL ON NOVEMBER 7, 2024, AT 1:00 PM EDT. Highlights for the third quarter of fiscal 2024 include a revenue of US$3.8 million, which is a 14% increase compared to the same period last year, and an adjusted EBITDA of about US$187,000. Year-to-date, the company has generated US$12.4 million in revenue, marking a 36% rise from the previous year, with a free cash flow of approximately US$1.6 million.

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a top designer and maker of advanced optical and photonic products, has released its fourth annual Corporate Sustainability Report for Fiscal 2024. The report highlights the company's achievements in environmental, social, and governance areas. Key points include ongoing progress and growth in climate change initiatives over the past fiscal year.