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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 Announces Upcoming Investor Events
Rhea-AI Summary
Lumentum Holdings Inc. (LITE) to participate in several upcoming investor events, including Needham & Company Virtual Tech Week, 2023 UBS Global Technology Conference, Raymond James 2023 TMT and Consumer Conference, and Barclays 2023 Global Technology Conference. Webcast links and presentation times provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
conferences
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News
Lumentum Announces Fiscal First Quarter 2024 Financial Results
Rhea-AI Summary
Lumentum Holdings Inc. (LITE) reported fiscal first-quarter results, including net revenue of $317.6 million and a GAAP net loss of $67.9 million. The company expects significant growth in cloud applications and AI compute requirements in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
earnings
-
News
Lumentum Announces Completion of Cloud Light Acquisition
Rhea-AI Summary
Lumentum Holdings Inc. (NASDAQ: LITE) has completed its acquisition of Cloud Light Technology Limited for approximately $750 million, doubling its cloud data center revenue. The acquisition is expected to be immediately accretive to Lumentum’s non-GAAP earnings per share and will significantly expand its served opportunity inside of data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
Tags
acquisition
News
Lumentum to Acquire Cloud Light to Accelerate Data Center Speed and Scalability
Rhea-AI Summary
Lumentum Holdings Inc. is set to acquire Cloud Light Technology Limited for approximately $750 million. The acquisition aims to expand Lumentum's presence in the cloud computing data center infrastructure market and capitalize on the growing demand for optical modules. Cloud Light specializes in high-speed connectivity solutions, with a significant portion of its revenue derived from 400G and higher speed transceiver sales. The transaction is expected to be immediately accretive to Lumentum's non-GAAP earnings per share and more than double its cloud intra-data center infrastructure revenue in the 12 months following the close of the deal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.31%
Tags
acquisition
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News
Lumentum to Announce Fiscal First Quarter 2024 Financial Results on November 8, 2023
Rhea-AI Summary
Lumentum Holdings Inc. to release fiscal first quarter 2024 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.42%
Tags
earnings
-
News
Lumentum Releases Fiscal 2023 Corporate Sustainability Report
Rhea-AI Summary
Lumentum Holdings Inc. releases its fiscal 2023 Corporate Sustainability Report, highlighting achievements in emissions reduction, employee development programs, and power consumption decrease.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
earnings
News
Lumentum Addresses Surge in AI and ML Data Traffic with High-Performance Optical Solutions at ECOC 2023
Rhea-AI Summary
Lumentum showcases new optical solutions at ECOC 2023, including 800G ZR+ and 0dBm 400G ZR+ transceivers and 130+ GBaud Smart TROSA. Sampling of transceivers begins in December 2023, with official release expected in 2024. Lumentum also demonstrates CPO/ELS technology and participates in OIF interoperability demonstrations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
AI
-
News
Lumentum Announces Fiscal Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Lumentum Holdings Inc. reported net revenue of $370.8 million for its fiscal fourth quarter and $1.77 billion for fiscal year 2023. The company experienced a GAAP operating loss of 15.1% in Q4 but a non-GAAP operating margin of 9.1%. The GAAP diluted net loss per share was $0.88 in Q4, while the non-GAAP diluted net income per share was $0.59. Lumentum expects net revenue in the range of $300 million to $325 million for the fiscal first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
earnings
-
News
Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results on August 17, 2023
Rhea-AI Summary
Lumentum Holdings Inc. (LITE) to Release Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results on August 17, 2023, and Hold Conference Call. Key SEO terms: Lumentum Holdings Inc., LITE, fiscal fourth quarter, fiscal year 2023 financial results, conference call, webcast, replay, Investors section, pre-registration link, earnings press release, financial news releases, events and presentations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
earnings
News
Lumentum Holdings Inc. Announces Upsize and Pricing of $525 Million Convertible Notes Offering
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.5%
Tags
none
Stock LITE logo
Lumentum Holdings Inc

Nasdaq:LITE

LITE Rankings

#1576 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.