|Bid||57.35 x 1800|
|Ask||58.05 x 800|
|Day's range||56.15 - 58.95|
|52-week range||41.95 - 74.40|
|PE ratio (TTM)||23.51|
|Earnings date||7 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||82.38|
MARKET PULSE Shares of optoelectronics company Lumentum Holdings Inc. (lite) are up nearly 4% in premarket trading after Goldman Sachs analyst Rod Hall upgraded the stock to buy from neutral. "We note that Lumentum's 3D sensing business is robust and gaining pace and the Lasers business is seeing strong demand," Hall wrote.
By revenue, chipmakers face the greatest risks in escalating trade tensions with Beijing, according to Morgan Stanley.
Ryan McQueeney recaps an action-packed weekend at the G-7 conference and prepares investors for what is to come this week as President Trump gears up to meet North Korean leader Kim Jung Un. Later, he discusses the near-term outlook for Applied Optoelectronics (AAOI).
Stocks that moved substantially or traded heavily on Friday: Broadcom Inc., down $6.71 to $257.97 The chipmaker's revenue forecast was slightly lower than analysts expected. Stitch Fix Inc., up $5.21 to ...
Shares of Lumentum Holdings Inc. are down 2.6% in premarket trading after the optical-equpiment company announced that its chief financial officer would be leaving the company, but Needham analyst Alex Henderson is upbeat about the transition. "As Lumentum becomes a much larger company the skills required call for a more seasoned CFO with large company experiences and merger skills," he wrote. "We think this is a move from a position of strength and indicative of the strong trajectory of Lumentum," Henderson said.
Shares of Acacia Communications, Lumentum Holdings and other optical-component makers climbed Thursday as the U.S. moved to lift sanctions on Chinese telecom gear maker ZTE.
Shares of fiber-optic component vendor Lumentum Holdings (LITE) are down 15 cents at $60.95, in late trading, after the company this afternoon said its CFO, Aaron Tachibana, has stepped wont to “pursue other interests,” and will be replaced on an interim basis by the company’s head of corporate development, Chris Coldren. Tachibana’s departure is “not related to any financial performance, policy or control issues,” the company said. CEO Alan Lowe thanked Coldren for his “many contributions” over three years in the job, and for leaving Lumentum “in a much stronger financial position.” He lauded Coldren for “playing a central role on my leadership team." Lumentum pans to have an executive search firm look for a permanent replacement for Tachibana.
Shares in optical-component makers climbed Friday amid a report the Trump administration has hammered out a deal with China to lift sanctions barring U.S. companies from selling devices to the telecom gear maker ZTE.
Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump's conciliatory remarks toward China's ZTE Corp that calmed ...
Shares in optical component makers surged on Monday on hopes President Donald Trump would throw key customer ZTE a lifeline as worries that the U.S. and China are heading for a trade war eased.
Wall Street edged higher after pulling back from stronger gains on Monday as weakness in defensive stocks offset trade optimism after U.S. President Donald Trump's conciliatory remarks toward China's ZTE ...
Stock futures rose Monday morning. President Trump said he wants to help China's ZTE "get back into business," good news for U.S. optical stocks. He also said U.S.-China trade talks "will all work out."
U.S. stocks fell on Wednesday as potential U.S. restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China. Wall Street's ...
Lumentum Holdings popped after the supplier of 3D components to Apple early Wednesday reported fiscal third-quarter earnings and revenue that topped views and provided a June quarter outlook above consensus estimates.
U.S. stocks briefly rose but returned to negative territory on Wednesday after the Federal Reserve left interest rates unchanged in its policy announcement. The Federal Open Market Committee unanimously ...
The optical networking expert didn't miss a beat in the third quarter, and investors are looking forward to several growth catalysts in the quarters ahead.
Shares of Lumentum surged 15 percent on Wednesday, among the largest of a raft of gains for companies seen as key iPhone suppliers after Apple Inc's (AAPL.O) results on Tuesday that quelled concerns over a slackening in demand for high-end smartphones. Lumentum's results were also further evidence that such worries were overdone. Revenue from Lumentum's optical communications business, which accounts for more than 80 percent of the company's total revenue, rose 14 percent in the three months ended March 31, while sales from its lasers business rose 32 percent.
Shares of Lumentum Holdings Inc. are up 8.7% in premarket trading Wednesday after the optoelectronics company beat earnings and revenue estimates and delivered a better-than-expected forecast for the current quarter. Net income for the company's fiscal third quarter was $204.8 million, or $3.05 a share. A year earlier, the company posted a $56 million loss, or 92 cents a share.
The Milpitas, California-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 78 cents per share. The results surpassed Wall Street expectations. ...
Shares of optoelectronics company II-VI Inc. are up 5.5% in midday trading Tuesday after the company reported mixed results for its March quarter. Adjusted earnings per share rose a cent from a year earlier, to 36 cents, but came in below the FactSet consensus estimate of 38 cents. GAAP earnings per share of 45 cents beat expectations for 36 cents.
Optical-technology stocks are having a second really bad week after the U.S. Department of Justice opened a criminal investigation into China’s privately held Huawei, which buys parts from the optical companies. While the component maker shares crashed, some analysts see potential benefit for the two optical-systems makers that compete most closely with Huawei, Ciena (CIEN) and Infinera (INFN). The Wall Street Journal’s Stu Woo and Aruna Viswanatha relate that multiple unnamed sources say the DoJ is “investigating whether Huawei Technologies Co. violated U.S. sanctions related to Iran.” This is just the latest action against Iran, which has long been blocked from selling telecom equipment to U.S. carriers by the U.S. government.
Shares of Lumentum Holdings Inc. are down 7.2% in Wednesday morning trading after a Wall Street Journal report indicated that the Justice Department is looking into whether Chinese smartphone maker Huawei ...
Shares of optical names Acacia Communications, Lumentum, Finisar, and Oclaro are getting hammered after a report said the U.S. would ban Chinese firm ZTE from buying U.S.-made components.