Lumentum Holdings: Positive Growth Outlook Despite Inventory Situation [Seeking Alpha]
Lumentum Holdings Inc. (LITE)
Last lumentum holdings inc. earnings: 2/4 07:30 am
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US:NASDAQ Investor Relations:
investor.lumentum.com/investors/default.aspx
Company Research
Source: Seeking Alpha
The company's Cloud Light product is proving successful in helping customers achieve cost efficiency, which is positive for long-term growth. The inventory situation may take longer than expected to normalize, so investors should be prepared for potential share price pullbacks. Summary Following my coverage of Lumentum Holdings ( NASDAQ: LITE ), for which I recommended a buy rating as I turned bullish on the Cloud Light Technology acquisition and that the inventory situation was getting better, this post is to provide an update on my thoughts on the business and stock. I continue to stay buy-rated for LITE. Despite the inventory situation not easing as much as I expected it to, I believe this is a temporary issue and does not have a structural impact on my thesis. I take it as validation that the Cloud Light product is able to help customers achieve cost efficiency (based on the fact that LITE's largest data center customer is switching to Cloud Light's product), and this is ve
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LITE
News
- Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year [Yahoo! Finance]Yahoo! Finance
- Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive YearBusiness Wire
- Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024Business Wire
- 800G Optical Transceiver Market Size to Grow USD 898.6 Million by 2029 at a CAGR of 14% | Valuates Reports [Yahoo! Finance]Yahoo! Finance
LITE
Earnings
- 2/8/24 - Beat
LITE
Sec Filings
- 2/27/24 - Form 8-K
- 2/20/24 - Form 4
- 2/20/24 - Form 4
- LITE's page on the SEC website