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Lumentum Holdings Inc. - LITE STOCK NEWS

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

Lumentum Holdings Inc. (NASDAQ: LITE) is a leading manufacturer of innovative optical and photonic products, catering to both optical networking and commercial laser customers globally. Headquartered in Milpitas, California, with R&D, manufacturing, and sales offices worldwide, Lumentum is at the forefront of the technology sector.

Lumentum's business is divided into two key segments: Optical Communications (OpComms) and Commercial Lasers. The OpComms segment is responsible for the majority of the company's revenue, offering a wide array of components, modules, and subsystems that are essential for telecom, enterprise, and data center networks. These products support carrier networks for access, metro, long-haul, and submarine applications.

In the Commercial Lasers segment, Lumentum's innovative lasers are used in advanced manufacturing, inspection processes, and life-science labs. The company's commercial lasers are also pivotal in the development of next-generation 3D sensing capabilities, enhancing consumer electronics and various industrial applications.

Lumentum has recently been expanding into new optical applications, notably with its 3-D sensing laser diodes for consumer electronics. Its commitment to innovation and quality has positioned it as a market leader, providing critical technology that supports the infrastructure of modern communication and advanced manufacturing.

For more detailed information on Lumentum Holdings Inc. and the latest updates, visit their official website at www.lumentum.com.

News

Lumentum Announces Completion of Cloud Light Acquisition

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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.
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Lumentum to Acquire Cloud Light to Accelerate Data Center Speed and Scalability

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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.
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Lumentum to Announce Fiscal First Quarter 2024 Financial Results on November 8, 2023

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Lumentum Holdings Inc. to release fiscal first quarter 2024 financial results
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Lumentum Releases Fiscal 2023 Corporate Sustainability Report

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Lumentum Holdings Inc. releases its fiscal 2023 Corporate Sustainability Report, highlighting achievements in emissions reduction, employee development programs, and power consumption decrease.
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Lumentum Addresses Surge in AI and ML Data Traffic with High-Performance Optical Solutions at ECOC 2023

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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.
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Lumentum Announces Fiscal Fourth Quarter and Full Year 2023 Results

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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.
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Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results on August 17, 2023

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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.
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Lumentum Holdings Inc. Announces Upsize and Pricing of $525 Million Convertible Notes Offering

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Lumentum Holdings Inc. Announces $500 Million Convertible Notes Offering

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Lumentum Announces Upcoming Investor Events

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FAQ

What is the current stock price of Lumentum Holdings (LITE)?

The current stock price of Lumentum Holdings (LITE) is $81.45 as of November 15, 2024.

What is the market cap of Lumentum Holdings (LITE)?

The market cap of Lumentum Holdings (LITE) is approximately 4.6B.

What does Lumentum Holdings Inc. specialize in?

Lumentum specializes in innovative optical and photonic products, including optical components for networking and commercial lasers for various applications.

Where is Lumentum Holdings Inc. headquartered?

Lumentum Holdings Inc. is headquartered in Milpitas, California.

What are the main segments of Lumentum's business?

Lumentum's main business segments are Optical Communications (OpComms) and Commercial Lasers.

What products are included in the OpComms segment?

The OpComms segment includes components, modules, and subsystems for telecom, enterprise, and data center networks, supporting access, metro, long-haul, and submarine applications.

What applications do Lumentum's commercial lasers support?

Lumentum's commercial lasers are used in advanced manufacturing, inspection processes, life-science labs, and next-generation 3D sensing for consumer electronics.

How does Lumentum generate most of its revenue?

Lumentum generates most of its revenue from the Optical Communications (OpComms) segment.

Is Lumentum expanding into new markets?

Yes, Lumentum is expanding into new optical applications, particularly 3-D sensing laser diodes for consumer electronics.

What makes Lumentum a market leader?

Lumentum's commitment to innovation, quality, and a comprehensive product range positions it as a market leader in optical and photonic technologies.

Where can I find more information about Lumentum?

For more information, visit the official website at www.lumentum.com.

What industries benefit from Lumentum's products?

Industries such as telecom, enterprise, data centers, manufacturing, and life sciences benefit from Lumentum's products.

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Lumentum Holdings Inc.

Nasdaq:LITE

LITE Rankings

#1354 Ranked by Market Cap
N/A Ranked by Dividends

LITE Stock Data

4.56B
67.60M
0.82%
109.66%
14.13%
Communication Equipment
Communications Equipment, Nec
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United States of America
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