Latest news with #LITE
Yahoo
24-04-2025
- Business
- Yahoo
Lumentum Holdings Inc. (LITE): Among Billionaire George Soros' Small-Cap Stocks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Lumentum Holdings Inc. (NASDAQ:LITE) stands against Billionaire George Soros' other small-cap stocks with huge upside potential. When a legendary investor like George Soros makes a move, Wall Street pays attention. However, most of the limelight is taken by mega-cap stocks, with no one paying heed to the many small-cap stocks that form an important part of Soros' portfolio. Digging out these small-cap stocks is important. In some cases, these are the mega-cap stocks of the future. In other cases, these provide amazing returns in a very short period of time. The key is to get in early. And what better way to get in early than to do it when the big guys do. We therefore decided to compile a list of stocks in billionaire George Soros' portfolio that have the most upside. To come up with our list of billionaire George Soros' 10 Small-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies to look at only the ones with a market cap below $10 billion. After arriving at his top small-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. A close-up of a technician calibrating a laser beam. Lumentum Holdings Inc. (NASDAQ:LITE) is a manufacturer and seller of photonic and optical products. It operates in the Industrial Tech and Cloud & Networking segments. The company provides tunable small form-factor pluggable transceivers, high-speed transceivers, coherent dense wavelength division multiplexing pluggable transceivers, and other products. According to the median analyst price target, the stock still has an upside of 69.44%. The investment firm Jefferies started coverage of Lumentum last month. Jefferies assigned a Buy rating to the stock, lowering its price target from $110 to $100. Analysts expect substantial growth in data centers, powered by AI's need for faster interconnect speeds. This will boost demand for networking solutions. Lumentum Holdings (NASDAQ:LITE) also confirmed its target of reaching $500 million in quarterly revenue by the end of 2025, fueled by cloud and AI market trends. For Q3 2025, growth is anticipated in Cloud and Networking products. However, Industrial Tech revenue is projected to decline. Management expects Q3 revenue to be in the range of $410 million and $425 million. The firm predicts demand expansion for EML chips in 2026 and plans to extend capacity to meet high demand. Overall, LITE ranks 4th on our list of billionaire George Soros' small-cap stocks with huge upside potential. While we acknowledge the potential of LITE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LITE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
05-04-2025
- Business
- Yahoo
Why Lumentum Holdings Inc. (LITE) Went Down On Thursday?
We recently published a list of . In this article, we are going to take a look at where Lumentum Holdings Inc. (NASDAQ:LITE) stands against other Thursday's worst performers. Wall Street's three major indices suffered a bloodbath on Thursday as investors continued to digest news of President Donald Trump's tariff rollout on imports. The tech-heavy Nasdaq fell the heaviest, down by nearly 6 percent. The S&P 500 dropped by 4.84 percent and the Dow Jones was down by 3.98 percent. Ten individual stocks, predominantly under the retail sector, mirrored a broader market pessimism, finishing the day in the negative territory as investors sold off positions to mitigate risks. In this article, we named Thursday's worst performers and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with $2-billion market capitalization and $5 million in trading volume. A close-up of a technician calibrating a laser beam. Lumentum Holdings fell by 20 percent on Thursday to finish at $53.45 apiece as investors resorted to profit-taking following Wednesday's surge while also repositioning portfolios to minimize risks from the ongoing trade war. Earlier in the week, LITE surged following announcements that it achieved a new speed benchmark of 448 Gbps data transmission, a milestone that addresses the escalating bandwidth demands of artificial intelligence and machine learning applications which require ultra-fast, real-time data processing. LITE partnered with NTT Innovative Devices and Keysight Technologies for the project. 'Achieving 448 Gbps transmission is a significant milestone in advancing optical interconnects for AI-driven cloud infrastructure. This collaboration underscores Lumentum's expertise in photonics and our commitment to delivering cutting-edge optical components that support the rapid expansion of AI and cloud data centers,' said LITE Chief Technology Officer Matthew Sysak. 'As AI and ML applications require real-time processing of ever-growing datasets, our high-performance externally modulated lasers will be instrumental in enabling faster, more efficient, and scalable data center networks,' he added. Overall, LITE ranks 8th on our list of Thursday's worst performers. While we acknowledge the potential of LITE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LITE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-02-2025
- Business
- Yahoo
Here's Why Lumentum Holdings Inc. (LITE) Crashed on Friday
We recently compiled a list of the . In this article, we are going to take a look at where Lumentum Holdings Inc. (NASDAQ:LITE) stands against the other stocks. Ten companies were hit hard on Friday as investors digested disappointing earnings performance and dismal outlook guidance for 2025. The shares' performance traded in line with Wall Street's major indices, with the Dow Jones losing 0.99 percent, the S&P 500 falling 0.95 percent, and the tech-heavy Nasdaq diving 1.36 percent. To come up with Friday's worst performers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A close-up of a technician calibrating a laser beam. Lumentum Holdings Inc. declined by 7.31 percent on Friday to end at $85.90 apiece as investors resorted to profit-taking following the company's surge in the prior trading fueled by an impressive earnings performance for the second quarter of fiscal year 2025. During the period, LITE said it was able to exceed its high-end guidance for both revenue and earnings per share driven by a strong demand in the cloud end market. In the last quarter alone, net revenues increased by 9.65 percent to $402.2 million from the $366.8 million registered in the same period a year earlier, pushing net revenues for the first six months higher by 8 percent at $739.1 million from $684.4 million. Given stronger revenues, LITE was able to narrow its net loss for the quarter by 38.5 percent to $60.9 million from $99.1 million. Net loss for the first six months was also trimmed by 14.19 percent to $143.3 million from $167 million. 'With our strong market position and improving industry trends, we remain confident in achieving our previously stated goal of reaching $500 million in quarterly revenue by the end of calendar year 2025,' said LITE President and CEO Alan Lowe. Overall LITE ranks 8th on our list of Friday's worst performers. While we acknowledge the potential of LITE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LITE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
