LITE - Lumentum Holdings Inc.

NasdaqGS - NasdaqGS Delayed price. Currency in USD
51.50
-0.15 (-0.29%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous close51.65
Open51.65
Bid50.00 x 400
Ask51.70 x 1600
Day's range50.55 - 52.40
52-week range34.15 - 68.63
Volume1,573,979
Avg. volume2,179,458
Market cap3.193B
BetaN/A
PE ratio (TTM)N/A
EPS (TTM)-1.52
Earnings date6 Feb 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est72.14
Trade prices are not sourced from all markets
  • Finisar Downgraded, Ciena Upgraded On Industry Merger Speculation
    Investor's Business Daily2 days ago

    Finisar Downgraded, Ciena Upgraded On Industry Merger Speculation

    An analyst says Lumentum Holdings and Finisar are "warming up" to potential acquisitions amid industry consolidation.

  • Barrons.com12 days ago

    Lumentum: Tea Leaves Bode Well for 3-D Sensing, Says B Riley

    All signs are looking good fro Lumentum Holdings (LITE), which is sells “vertical cavity surface-emitting” laser diodes, or VCSELs, to see rising revenue for the parts from Apple (AAPL) and others this year, according to a brief note today from B. Riley & Co.’s Dave Kang. Kang notes that demand for the parts "was driven primarily by the manufacturing of VCSELs” on behalf of Lumentum. Kang notes that a Digitimes report says Win is expecting to ratchet up the volume of VCSELs “significantly” for use by "additional smart phone vendors.” Lumentum’s fiscal Q1 earnings call on November contained statements that corroborated that expectation of new phone OEMs using VCSELs, notes Kang.

  • Here's Why Optical Networking Stocks Fell in December
    Motley Fool16 days ago

    Here's Why Optical Networking Stocks Fell in December

    Many optical networking stocks plunged last month, often for no obvious reason. Here's a deeper look at what was going on.

  • Apple's Millions Could Give Finisar a Massive Boost
    Motley Fool20 days ago

    Apple's Millions Could Give Finisar a Massive Boost

    Apple's investment will boost Finisar's VCSEL prospects.

  • Reuters - UK Focus23 days ago

    GLOBAL MARKETS-Commodities gain, equities pause 2017 rally in holiday trading

    Dec (Shanghai: 600875.SS - news) 26 (Reuters) - Investors scooped up commodities on Tuesday during a holiday-shortened week, but took a far more mixed view of equities as shares of Apple Inc sagged. The main equity gauges on Wall Street closed down following a 2.54 percent drop in Apple's shares on reports of weak iPhone X demand.

  • Why 2017 Was a Year to Forget for Infinera Corporation
    Motley Fool25 days ago

    Why 2017 Was a Year to Forget for Infinera Corporation

    The optical transport networking service provider struggled against tough headwinds this year.

  • Lumentum Holdings (LITE): Strong Industry, Solid Earnings Estimate Revisions
    Zacks27 days ago

    Lumentum Holdings (LITE): Strong Industry, Solid Earnings Estimate Revisions

    Lumentum Holdings (LITE) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.

  • Barrons.comlast month

    Oclaro: Growth Challenged, Buy Lumentum Instead, Says Needham

    Shares of fiber-optic component supplier Oclaro (OCLR) today fell 19 cents, or 2.6%, to close at $7.05, after Needham & Co.’s Alex Henderson cut his rating on the shares from Buy to Hold, and cut his estimates, after concluding growth will be hard to come by in 2018. Street estimates are too high for the March quarter, and too high for the year, concludes Henderson, especially with growth in orders for components in China not likely to return to health until the second half of the year. Henderson cut his estimates for Oclaro for the fiscal year ending in June to $545.4 million in revenue and 52 cents EPS, from a prior $564.9 million and 55 cents.

  • MarketWatchlast month

    How you can profit from Apple’s move into lasers

    Finisar and Lumentum, whose stocks are volatile, nevertheless have a bright future, says Nigam Arora.

  • Apple Inc. Makes a Huge Investment in Key Supplier
    Motley Foollast month

    Apple Inc. Makes a Huge Investment in Key Supplier

    The tech titan is making a huge bet on this 3D-sensing component supplier.

  • Here's Why the Worst Is Yet to Come for Finisar Corporation
    Motley Foollast month

    Here's Why the Worst Is Yet to Come for Finisar Corporation

    Things will get worse for the struggling fiber-optics player before they get better.

  • Apple Deal For Manufacturing Ramp-Up With Finisar Clarified
    Investor's Business Dailylast month

    Apple Deal For Manufacturing Ramp-Up With Finisar Clarified

    Finisar says Apple has not invested in the company and that a $390 million infusion represents projected revenue.

  • Barrons.comlast month

    Finisar and Apple: It's Better Than It Looks, Says Needham

    Yesterday’s deal announced by fiber-optic component maker Finisar (FNSR) and Apple (AAPL) to boost manufacturing of “VCSEL” lasers for “3-D sensing” is being slightly mis-understood by investors, writes Alex Henderson, who follows the shares of Finisar and other component vendors of Needham & Co. today. Henderson, who has a Buy rating on Finisar, and a $25 price target, thinks actually the deal is better than people may realize. The mistake is that most characterized the arrangement as Apple “funding” Finisar’s spinning up manufacturing in a faculty in Sherman, Texas.

  • Reuterslast month

    Finisar deal helps Apple block rivals' path to AR features

    Apple Inc's (AAPL.O) $390 million deal with chip supplier Finisar Corp (FNSR.O) announced on Wednesday helps lock in the supply of a component that Apple believes will play a big role in its future products by bolstering augmented reality features. The investment will enable Apple to "get better supply and better pricing, and it makes it more difficult for Android phones to compete," said Gene Munster, a longtime Apple watcher at Loup Ventures.

  • Reuterslast month

    Finisar deal helps Apple block rivals' path to AR features

    Apple Inc's (AAPL.O) $390 million deal with chip supplier Finisar Corp (FNSR.O) announced on Wednesday helps lock in the supply of a component that Apple believes will play a big role in its future products by bolstering augmented reality features. The investment will enable Apple to "get better supply and better pricing, and it makes it more difficult for Android phones to compete," said Gene Munster, a longtime Apple watcher at Loup Ventures.

  • Associated Presslast month

    Finisar and Caterpillar jump while Diebold and Lumentum fall

    Stocks that moved substantially or traded heavily on Wednesday: Finisar Corp., up $4.41 to $23.71 Apple is making a $390 million investment in the company so it can make more lasers used in facial recognition ...

  • Apple To Invest $390 Million In Laser Sensor Supplier Finisar
    Investor's Business Dailylast month

    Apple To Invest $390 Million In Laser Sensor Supplier Finisar

    Apple is investing $390 million in Finisar, the second such investment from Apple's $1 billion manufacturing fund. 

  • Reuterslast month

    Apple grants $390 million to Finisar to boost laser chip production

    The company had awarded $200 million to Gorilla Glass maker Corning Inc (GLW.N) in May. Finisar's shares, which rose as much as 30 percent on Apple's announcement, pared gains to trade up 22 percent following the clarification. "The amount referred to by Apple represents anticipated future business between the companies over a period of time," Finisar said in a filing.

  • Barrons.comlast month

    Apple-Finisar Deal: Don't Count Out Lumentum, Says Raymond James

    Apple’s (AAPL) announcement this morning it will give $390 million to fiber-optic component supplier Finisar (FNSR) to boost manufacturing of “VCSEL” lasers is a big vote of confidence in “3-D sensing,” the technology that allows for various kinds of augmented reality, according to a note from fiber analyst Simon Leopold of Raymond James. The news has super-charged Finisar stock, driving it up $5.80, 30%, at $25.10. Competitor Lumentum Holdings (LITE), which seemed to have gotten most of the business so far from Apple for the iPhone X, is deepening its decline, down $5.08, or 10%, at $46.68.

  • Barrons.comlast month

    Finisar Soars 26% on Apple Deal: Piper Sees Big Share Gains

    Shares of fiber-optic component vendor Finisar (FNSR) are up $5.07, or over 26%, at $24.37, in early trading, after Apple (AAPL) this morning announced it is giving the company $390 million in funding to expand production in the U.S. of so-called vertical-cavity surface-emitting lasers, or “VCSELs,” which can be used for augmented reality applications in the iPhone. This appears to be a big win for Finisar relative to competitor Lumentum Holdings (LITE), which most believe has been a large initial supplier of the VCSELs used in the “TrueDepth” camera on the front of the iPhone that performs facial recognition and things such as the “Animoji” animations. In a note to clients this morning, Piper Jaffray’s Troy Jensen reiterated his Overweight rating on Finisar stock, and raises his target to $28 from $22, writing that he thinks the deal "will also lead to significant future share of Apple's VCSEL needs." THe money, which comes out of Apple’s “Advanced Manufacturing Fund,” totaling $1 billion, will be used to re-open facilities in Sherman, Texas, said Apple, that had been “long-shuttered.

  • MarketWatchlast month

    Lumentum stock falls as Apple makes investment in rival Finisar

    Shares of Lumentum Holdings Inc. are down 8.7% in premarket trading Wednesday following news that Apple Inc. was investing $390 million in Finisar Corp. , one of Lumentum's competitors. Both companies ...

  • Why Many Optical Networking Stocks Plunged in November
    Motley Foollast month

    Why Many Optical Networking Stocks Plunged in November

    Demand for optical components may be unpredictable these days, but there's nothing wrong with this sector in the long run.

  • Barrons.comlast month

    Lumentum Stock a Good Deal Given '3-D Sensing' Leadership, Says Northland

    Shares of fiber-optic component maker Lumentum Holdings (LITE) are up $2, or 4%, at $51.60, after Northland’s Tim Savageaux this morning raised his rating to Outperform from Market Perform, and raised his price target to $58 from $55, writing that the company is increasing its leadership in so-called 3-D sensing, components for mobile devices for augmented reality, such as “VCSEL” lasers.

  • Finisar Earnings Miss; Will Expand 3D Manufacturing, Shares Up
    Investor's Business Dailylast month

    Finisar Earnings Miss; Will Expand 3D Manufacturing, Shares Up

    Finisar said late Thursday that fiscal second-quarter adjusted earnings were 23 cents a share, down 60% from a year ago

  • Can Lumentum Holdings (LITE) Stock Continue to Grow Earnings?
    Zacks2 months ago

    Can Lumentum Holdings (LITE) Stock Continue to Grow Earnings?

    Lumentum Holdings (LITE) is seeing solid earnings estimate revision and has a favorable Zacks rank, making it well positioned for future earnings growth.

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