Lumentum Hldgs Inc Stock Price, News & Analysis

Lumentum Holdings is set to acquire Coherent for $5.7 billion, offering Coherent shareholders $100 in cash and 1.1851 shares of Lumentum stock per share. This merger is expected to enhance Lumentum's market presence in the photonics industry, uniting capabilities in lasers, microelectronics, and aerospace sectors. The combined entity will target a $10 billion market outside traditional segments and is projected to generate over $150 million in synergies within 24 months, benefiting shareholders with accretive earnings in the first year post-merger.

Lumentum Holdings Inc. announced its participation in the European Conference on Optical Communications (ECOC) virtual event from December 7-9, 2020. The company will showcase its advanced optical communications products, including TrueFlex® ROADM solutions, datacom laser chips, and coherent transmission solutions. Notably, Lumentum revealed its 96 Gbaud HB-CDM and 69 Gbaud TROSA, both designed to enhance network bandwidth and efficiency. These innovations aim to meet the growing demands for higher capacity in optical networks.

Lumentum has launched the 100G PAM4 DML, a new directly-modulated laser for hyperscale data centers, enhancing its datacom laser chip portfolio. This product aims to meet the rising demand for high-speed, reliable intra-data center connections. The 100G PAM4 DML offers a cost-effective solution for 400G DR4 modules while supporting future 800G PSM8 applications. Senior VP Walter Jankovic emphasized its potential to decrease module costs significantly, leveraging advanced InP technology for optimal performance.

Lumentum will present at the European Conference on Optical Communications (ECOC) from December 7-9, 2020. The presentations will cover industry trends and advanced solutions, including ROADM networks and Indium Phosphide (InP) innovations for high-speed fiber optics. Key presentations include discussions on QoT-E for line control, 100-Gbaud operation for transceivers, and ROADM technologies. Lumentum is a leader in optical networking solutions and is traded under the ticker LITE.

Lumentum Holdings Inc. will participate in various virtual investor events in December 2020, providing insights into its operations and future outlook. Key events include:

• Nasdaq 43rd Investor Conference: December 1, 2020, at 11:30 AM ET
• Raymond James Virtual Technology Investors Conference: December 7, 2020, at 9:40 AM ET
• Barclays Global Technology Conference: December 10, 2020, at 9:30 AM ET
• D.A. Davidson Conference: December 15, 2020, from 9:00 AM to 2:45 PM ET
• MKM Partners Conference: December 16, 2020, at 11:10 AM ET

Webcasts will be accessible on the investor relations section of Lumentum's website.

Lumentum has acquired specific technology assets from TriLumina, which includes patents and intellectual property related to innovative flip-chip, back-emitting VCSEL arrays. These technologies will enhance Lumentum's capabilities in 3D sensing, automotive safety, driver assistance systems, and LiDAR applications. The financial terms of the transaction have not been disclosed. This acquisition solidifies Lumentum's position in the optical and photonic product market, enabling advancements in various sectors.

Lumentum Holdings reported strong fiscal Q1 2021 results, achieving net revenue of $452.4 million, a 22.9% increase from Q4 2020. GAAP net income was $67.1 million, or $0.86 per diluted share, compared to a loss of $(4.6) million in the previous quarter. Non-GAAP net income rose to $139.2 million, or $1.78 per diluted share. The company expects Q2 2021 revenue between $465 million and $485 million, with a non-GAAP operating margin of 32.0% to 34.0%. Cash and short-term investments totaled $1,610.7 million.

Lumentum Holdings will participate in the Needham Virtual Security, Networking, and Communications Conference on November 17, 2020. Management's presentation is scheduled for 2:15 p.m. Eastern Time. Interested investors can access a webcast of the presentation via the company's investor relations website. Lumentum, traded under the stock symbol LITE, designs and manufactures optical and photonic products used in networks worldwide.

Lumentum Holdings Inc. (NASDAQ: LITE) announced its participation in multiple industry events over the next three months, showcasing advancements in 3D sensing and laser technology. Key events include the Visual 1st conference (October 14-15), ICALEO 2020 (October 19-20), EuroBLECH Digital Summit (October 27-30), DVN Automotive Lidar Conference (November 17), and Photonix Japan Expo (December 2-4). Lumentum aims to highlight its innovative optical and photonic products applicable across various markets, including cloud, networking, and advanced manufacturing.