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Lumentum Holdings Inc - LITE STOCK NEWS

Welcome to our dedicated news page for Lumentum Holdings (Ticker: LITE), a resource for investors and traders seeking the latest updates and insights on Lumentum Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lumentum Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lumentum Holdings's position in the market.

News
Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year
Rhea-AI Summary
Lumentum Holdings Inc. has been awarded the EcoVadis Platinum Medal for the second consecutive year, demonstrating top-tier sustainability performance. The company's environmental score has increased by 10 points, reaching an overall score of 80. Lumentum remains in the top one percent of rated companies, showcasing its commitment to sustainability and environmental stewardship.
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Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024
Rhea-AI Summary
Lumentum Holdings Inc. will announce its fiscal third quarter 2024 financial results on May 6, 2024, after the market closes. A conference call will be held the same day at 2:00 p.m. PT/5:00 p.m. ET. Participants can access the call via webcast or telephone. Pre-registration is encouraged for immediate access to the call.
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Lumentum Enhances Performance in 800ZR+ Transceivers for Broader Applications
Rhea-AI Summary
Lumentum Holdings Inc. announces significant performance enhancements to its 800ZR+ transceivers, expanding their use in metro, regional, and long-haul networks. The improved modules enable reaches exceeding 2000 km at 400 Gbps, recognized in the 2024 Lightwave Innovation Review Awards. The company's latest generation of transceivers offers enhanced performance, cost-efficiency, and scalability for cloud and telecom network operators.
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-5.23%
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Lumentum Unveils Breakthrough Innovations and Demonstrations at OFC 2024
Rhea-AI Summary
Lumentum Holdings Inc. introduces cutting-edge photonic products at OFC 2024 to enhance AI data centers and networking applications. Innovations include 200G per Lane InP Components, Ultra-High Power 400 mW 1310 nm DFB Laser, Data Center Connectivity Demo, 400G QSFP112 DR1.2, 400/800ZR+ Modules, OIF 400ZR/800ZR Interoperability, D22 Series Pump Module, 49M Series Multimode Pump Module, and Tunable SFP28 ER Module.
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0.39%
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Lumentum Thought Leaders to Present on Leading Edge Innovations and the Role of Photonics in AI Data Centers at OFC 2024
Rhea-AI Summary
Lumentum Holdings Inc. announces CEO Alan Lowe's participation in industry discussions at the Optical Fiber Communication Conference (OFC) 2024. The company's experts will share insights on optical and photonic technologies, including advancements in laser arrays, AI influences, and ROADM technologies.
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0.63%
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Lumentum Appoints Jae Kim as Senior Vice President, General Counsel and Secretary
Rhea-AI Summary
Lumentum Holdings Inc. appoints Jae Kim as Senior Vice President, General Counsel, and Corporate Secretary. Kim brings over 25 years of legal experience to the role, having worked at companies like GlobalLogic and Rambus. He will lead Lumentum's Legal department and oversee various functions, succeeding Judy Hamel. Kim aims to contribute to Lumentum's growth journey with his expertise in technology sectors and legal compliance.
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0.53%
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Lumentum Recognized in Three Optical Communications Product Categories at 2024 Lightwave Innovation Reviews
Rhea-AI Summary
Lumentum Holdings Inc. receives high accolades for its innovative optical and photonic products, winning multiple awards in the 2024 Lightwave Innovation Review. The company's groundbreaking products, including the 800G ZR/ZR+ Transceivers, TrueFlex® 16x26 Contentionless Wavelength Selective Switch, and InP-Based 130+ GBaud Smart TROSA, have been recognized as 'best in class' for their role in improving data center connectivity and enabling faster network architectures. Lumentum's commitment to excellence and innovation in optical communications is highlighted by these awards, showcasing its dedication to pushing the boundaries of technology.
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-2.08%
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Lumentum Announces Upcoming Investor Events
Rhea-AI Summary
Lumentum Holdings Inc. announces participation in various investor events, including the LITE 2024 Investor Technology Event at the Optical Fiber Communication Conference. The company will present business insights, new technologies, and growth market strategies on March 26, 2024.
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1.18%
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Lumentum Announces Fiscal Second Quarter 2024 Financial Results
Rhea-AI Summary
Lumentum Holdings Inc. reported a net revenue of $366.8 million for the fiscal second quarter of 2024, with a GAAP gross margin of 17.4% and a non-GAAP gross margin of 32.6%. The GAAP operating loss was 28.7%, while the non-GAAP operating margin was 3.5%. The GAAP diluted net loss per share was $1.47, and the non-GAAP diluted net income per share was $0.32. The company also provided a financial overview, highlights, and business outlook for the future.
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-22.43%
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Lumentum to Announce Fiscal Second Quarter 2024 Financial Results on February 8, 2024
Rhea-AI Summary
Lumentum Holdings Inc. will release its fiscal second quarter 2024 financial results on February 8, 2024, followed by a conference call. Participants can pre-register for the call to gain immediate access. The earnings press release and additional materials will be available on the company's website.
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0.57%
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Stock LITE logo
Lumentum Holdings Inc

Nasdaq:LITE

LITE Rankings

#1601 Ranked by Market Cap
#4703 Ranked by Stock Gains
N/A Ranked by Dividends

LITE Stock Data

2.93B
66.60M
0.65%
107.65%
15.51%
Other Communications Equipment Manufacturing
Manufacturing
Link
US
San Jose

About LITE

lumentum (nasdaq: lite) is a market-leading manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. lumentum’s optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. lumentum’s commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3d sensing capabilities. lumentum is headquartered in milpitas, california with r&d, manufacturing, and sales offices worldwide. for more information, visit www.lumentum.com.