SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") has announced that its management will take part in several investor events in the next few weeks. The first event is the Susquehanna Financial Group's 14th Annual Technology Conference, which will be held virtually on Friday, February 28, 2025, from 10:00 a.m. to 3:00 p.m. Eastern Time. The second event is the Morgan Stanley Technology, Media & Telecom Conference on Tuesday, March 4, 2025, and a webcast link is available.
Lumentum Holdings, a seller of optical and photonics components, had a great year in the stock market, with a 61% increase as investors recognized the positive effects of artificial intelligence (AI) on its business. It seems that this strong performance is likely to continue into 2025.
I have upgraded Lumentum Holdings to a strong buy because of their impressive results in the second quarter of 2025 and the strong performance in the Cloud & Networking segment, which is fueled by demand from hyperscalers. The company's revenue increased by 10% year-over-year to $402 million, surpassing expectations, and management predicts further growth to between $410 and $425 million in the third quarter of 2025. Significant investments in AI infrastructure in the US and Europe are driving the demand for LITE's high-speed optical transceivers, which supports my positive view on the company.
We have put together a list of the 10 companies that reflected the market's negative sentiment on Friday. In this article, we will examine how Lumentum Holdings Inc. (NASDAQ:LITE) compares to the other stocks. On Friday, ten companies faced significant losses as investors reacted to poor earnings results and bleak forecasts for 2025.
Lumentum Holdings Inc. (NASDAQ:LITE) will hold its Q2 2025 Earnings Conference Call on February 6, 2025, at 5:00 PM ET. The call will feature company representatives, including Kathy Ta, Alan Lowe, and Wajid Ali, along with various participants from financial institutions. Please note that all attendees will be in listen-only mode during the call.
Lumentum (LITE) reported quarterly earnings of $0.42 per share, which is higher than the Zacks Consensus Estimate of $0.37 per share. This is an increase compared to earnings of $0.32 per share from the same period last year.
This Industry Outlook article features Lumentum, IPG Photonics, and MicroVision.
This Industry Outlook article features Lumentum, IPG Photonics, and MicroVision.
Lumentum (LITE) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
Even though there are ongoing short-term difficulties, LITE has strong long-term growth potential due to its solid AI infrastructure, making it a stock worth keeping.