Why Lumentum Is A Buy In 2024 [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
UrupongWeak Investors who listened to the Quant "sell" rating avoided losing more money holdingLumentum Holdings Inc.NASDAQ:LITENVDA) led renewed buying for any firm with product stemming from artificial intelligence ("AI"). This lifted LITE stock from a post-earnings low of ~ $42 to nearly $54.Investors should ignore the stock price noise and look more closely at Lumentumâ??s fiscalfirst-quarter resultsLumentum Posted Weak Q3 2023 ResultsLumentum postedOn a GAAP measure, the firm lost $31.7 million or 46 cents a diluted share. Its non-GAAP net income of positive $51.8 million ($0.75 per diluted share) subtracts the amortization of acquired intangibles worth $66.4 million. It excludes the stock-based compensation ("SBC") of $19.1 million and the fair value of acquired inventory worth $17.8 million.Barclaysthrew the towel byLITE historical rating(seekingalpha premium)OpportunityLumentum Holdings Inc. shareholders who are not giving up hope must grasp any faint opportunities ahead. Firs
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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