Latest news with #LumentumHoldingsInc
Yahoo
3 days ago
- Business
- Yahoo
Rosenblatt Raises Lumentum (LITE) Price Target, Keeps Buy Rating
On Wednesday, June 4, Rosenblatt analysts raised the price target on Lumentum Holdings Inc. (NASDAQ:LITE) from $94 to $105 and reiterated a 'Buy' rating. The increased price target reflects better gross margins in Lumentum Holdings Inc.'s (NASDAQ:LITE) 800G transceiver segment, driven by vertical integration and the launch of new products. A close-up of a technician calibrating a laser beam. Rosenblatt analysts have a positive outlook for the company's financial performance in the future. The analysts increased the firm's earnings per share estimates for Lumentum Holdings Inc. (NASDAQ:LITE). For fiscal year 2025, they now forecast EPS of $1.98, up from the previous $1.91. For fiscal year 2026, the firm's estimate has been raised to $4.18 per share, up from $3.76. Lumentum Holdings Inc. (NASDAQ:LITE) designs and manufactures innovative optical and photonic products enabling cloud, optical networking, and laser applications. The company specializes in delivering critical optical solutions that enable high-speed, data-intensive connectivity in the modern era of AI/ML. 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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Business
- Business Wire
Lumentum Announces Inducement Grant Under Listing Rule 5635(c)(4) of The Nasdaq Stock Market
SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ('Lumentum' or the 'Company'), a market-leading designer and manufacturer of innovative optical and photonic products for cloud/AI, networking, and industrial applications, today announced that on May 15, 2025, it granted to Rafik Ward, the Company's SVP, Corporate Development and Chief Marketing Officer, restricted stock units covering 31,412 shares of Lumentum's common stock that will vest as to 1/4 of the award on the one year anniversary of the grant date and as to the remaining 3/4 of the award in substantially equal quarterly installments over the subsequent twelve calendar quarters, subject to Mr. Ward's continued employment with Lumentum through the applicable vesting date. The award was granted pursuant to Lumentum's 2025 Inducement Equity Incentive Plan. However, such awards will be subject to substantially the same terms and conditions that apply to awards granted under Lumentum's 2015 Equity Incentive Plan, as amended. About Lumentum Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling cloud, optical networking, and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of data center, telecom, and enterprise network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit and follow Lumentum on LinkedIn, Twitter, Facebook, Instagram, and YouTube. Category: Financial
Yahoo
07-05-2025
- Business
- Yahoo
Lumentum Holdings Inc (LITE) Q3 2025 Earnings Call Highlights: Surpassing Expectations with ...
Q : How is Lumentum tracking towards the $500 million revenue target by the end of the calendar year? A : Michael E. Hurlston, CEO, confirmed that Lumentum is on track to achieve the $500 million revenue target by the end of the year. The company is guiding a quarter at a time but remains confident in reaching this goal. The company is experiencing supply constraints in telecom products, which are expected to persist for the next several quarters. Despite ramping capacity, Lumentum Holdings Inc ( NASDAQ:LITE ) is unable to satisfy demand for narrow line width lasers for the balance of the calendar year. The company faces a 100 basis point reduction in overall gross margin due to higher material costs and tariffs on shipments to U.S. destinations. The company introduced the R300 optical circuit switch, which is expected to improve scalability and efficiency in AI clusters and intra data center networks. Lumentum Holdings Inc ( NASDAQ:LITE ) is ramping production in CW lasers for silicon photonics transceiver applications, with expectations of increased shipments. The company set a record for EML chip shipments and remains on track to more than double this business by the end of calendar 2025. Revenue in the Cloud and Networking segment grew 8% sequentially and 16% year-over-year, fueled by robust demand from hyperscale cloud customers. Lumentum Holdings Inc ( NASDAQ:LITE ) exceeded the high end of their guidance for both revenue and EPS in Q3, driven by strong demand from cloud customers. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story Continues Q: Can you provide an update on the datacom chip business and expectations for CW lasers? A: Michael E. Hurlston, CEO, stated that the company is tracking well with increased capacity in indium phosphide fabs. Demand for EMLs is outstripping supply, and there is room to add CW lasers to the mix, which extends the serviceable market. The focus remains on EMLs due to differentiation and pricing opportunities. Q: What are the assumptions around the tariff headwind, and how is production shifting from China to Thailand? A: Wajid Ali, CFO, explained that the 100 basis point headwind is due to increased component costs and tariffs. Production is being moved from China to Thailand, starting with data center interconnect products, and this shift will continue to reduce the impact of tariffs. Q: What role does Lumentum see in the co-packaged optics (CPO) market, and what is the timeline for its impact? A: Wupen Yuen, Analyst, mentioned that CPO is still some time away from significant impact. The company expects ramp volume in the second half of the next calendar year and is looking to add other components to the CPO ecosystem in the longer term. Q: How is the transceiver business performing, and what is the plan for in-sourcing versus external sourcing? A: Richard Shannon noted that all current products use CW lasers and are externally sourced. The plan is to incorporate internal lasers into transceivers early next calendar year, with a focus on CW lasers for in-sourcing. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
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
19-04-2025
- Business
- Yahoo
Is Lumentum Holdings Inc. (NASDAQ:LITE) the Best High Short Interest Stock to Buy Now?
We recently published a list of the 10 Best High Short Interest Stocks to Buy Now. In this article, we are going to take a look at where Lumentum Holdings Inc. (NASDAQ:LITE) stands against other high short interest stocks to buy now. Aditya Bhave, BofA Securities head of US Economics, joined 'Power Lunch' on CNBC on April 17 to talk about whether tariffs are ultimately inflationary, disinflationary, or deflationary. Aditya Bhave responded that the impact depends on the magnitude of the uncertainty shock. He explained that tariffs are generally stagflationary, which means that they contribute to both inflation and economic stagnation. However, he also emphasized that it's not just the content of the trade policy announcements that matters, but also the disruptive way in which these policies have been communicated, which has increased uncertainty for businesses. He noted that there is a scenario where the uncertainty caused by these policies could outweigh their stagflationary effects, making tariffs disinflationary instead. Bhave also referenced Fed Chair Jerome Powell's recent hawkish remarks and drew a parallel to Powell's stance during the 2021–2022 rate hiking cycle. He highlighted Powell's assertion that sustained full employment is not possible without price stability, which is a justification that Powell previously used for aggressive rate hikes even during a technical recession. Bhave believes the Fed is likely to maintain its focus on price stability and continue its current policy approach in the near term. Earlier during the COVID-19 pandemic, the Fed and Powell in particular, notably responded to tariff-induced supply chain disruptions by aggressively stimulating the economy. Bhave argued that this aggressive response came after and not during the initial supply chain disruptions, and that while the Fed may have acted a bit late, it ultimately raised rates sharply by 425 basis points in a single year. He does not expect the Fed to repeat such aggression, but believes that the case for holding rates steady is strong right now. We first sifted through stock screeners to find companies with a short interest between 10% and 25%. We then selected the 10 stocks that were the most shorted as of April 16, but at the same time were popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database, which tracks the moves of over 1000 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a technician calibrating a laser beam. Short % of Float As of April 16: 20.06% Number of Hedge Fund Holders: 57 Lumentum Holdings Inc. (NASDAQ:LITE) manufactures and sells optical and photonic products. It operates through two segments: Cloud & Networking and Industrial Tech. It serves customers in semiconductor device, solar cell, display, EV, and battery manufacturing markets, along with broader materials processing and precision micromachining end-markets. In FQ2 2025, the company's Cloud and Networking segment generated $339.2 million in revenue, which was up 20% sequentially and 18% year-over-year. This segment is expanding because of a booming cloud market. Lumentum Holdings Inc.'s (NASDAQ:LITE) photonics innovations are essential for the high-speed, low-latency, and energy-efficient data transmission which is required in modern data centers, especially for AI applications. Lumentum is a leader in Electro-absorption Modulated Lasers (EMLs), and in Q2, it achieved a record in EML unit shipments and began delivering new and more efficient 200G lane speed EMLs to multiple customers. This positions it to gain market share in next-gen 800G and 1.6T transceivers. On March 24, Raymond James analyst Simon Leopold upgraded the stock's rating from Outperform to Strong Buy, while lowering its price target to $82 from $96. Invesco Small Cap Value Fund stated the following regarding Lumentum Holdings Inc. (NASDAQ:LITE) in its Q4 2024 investor letter: 'Lumentum Holdings Inc. (NASDAQ:LITE): The telecommunications equipment maker reported better-than expected revenue and earnings for its recent quarter, along with record orders for its data communications laser chips used in data center applications.' Overall, LITE ranks 5th on our list of the best high short interest stocks to buy now. While we acknowledge the growth potential of LITE, our conviction lies in the belief that AI stocks hold great promise for delivering high 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 the 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
