Lumentum Hldgs Inc Stock Price, News & Analysis

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.

Lumentum Holdings Inc. announced it will release its fiscal Q1 2021 financial results for the period ended September 26, 2020, on November 2, 2020, before market opening. A conference call will follow at 5:30 a.m. PT / 8:30 a.m. ET, accessible via telephone or live webcast. Participants are encouraged to pre-register for the call to minimize delays. The earnings press release will be available in the Investors section of Lumentum's website.

Founded in San Jose, California, Lumentum specializes in optical and photonic products for global networking and laser applications.

Lumentum Holdings has been awarded the Silver honor in Laser Focus World's 2020 Innovators Awards for its PicoBlade® 3 picosecond laser. This recognition highlights the laser's significant advancements, including a fourfold increase in power, enhanced throughput, and applicability in micromachining for industries such as smartphones and automotive. The PicoBlade 3's design allows for efficient processing of complex materials, making it a preferred choice for applications including OLED and semiconductor processing.

Lumentum Holdings has appointed Janet Wong to its Board of Directors, expanding the Board to eight members, seven of whom are independent. Wong brings over 30 years of experience in the financial industry, currently serving on various boards including Enviva Partners and Allegiance Bancshares. Her expertise in high technology and manufacturing is expected to strengthen Lumentum's leadership, as noted by President and CEO Alan Lowe. Wong's credentials include a Master of Professional Accountancy and a Master of Taxation, and she was recognized as a Director to Watch by Directors & Boards magazine in 2018.

Lumentum Holdings Inc. (NASDAQ: LITE) announced its participation in several key industry events, showcasing advanced products in 3D sensing and laser micromachining. Highlights include the China International Optoelectronic Exposition from September 9-11 and the AutoSens Brussels conference from September 14-17, where Lumentum will present next-generation technology. The SENSOR CHINA Expo will occur from September 23-25, featuring innovations in 3D sensing applications, followed by the Advanced Laser Application Workshop from September 28 to October 1, focusing on high-power fiber lasers.

Lumentum Holdings announced participation in the Jefferies Virtual Semiconductor, IT Hardware & Communications Infrastructure Summit on September 2, 2020. The event will feature virtual 1x1 meetings from 9:30 a.m. to 7:30 p.m. Eastern Time (6:30 a.m. to 4:30 p.m. Pacific Time). Lumentum, traded under the stock symbol LITE, specializes in optical and photonic products used in networking and laser applications globally. Headquartered in San Jose, California, the company supports telecom and enterprise networks and advanced manufacturing technologies.