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Lumentum Hldgs Inc - LITE STOCK NEWS

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

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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 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 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 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 (NASDAQ: LITE) has announced preliminary financial results for its fiscal third quarter ending April 1, 2023. Revenue is projected to be between $380 and $384 million, significantly lower than the previous guidance of $430 to $460 million. This decrease is attributed to a major customer, representing over 10% of fiscal second quarter revenue, deciding not to accept projected shipments due to inventory management issues. Despite the shortfall, Lumentum maintains a strong relationship with this customer and expects similar shipment levels in fiscal Q4. Additionally, the board approved increasing the share repurchase program by $1.2 billion through May 2025, with $615.5 million already utilized for share buybacks.

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Lumentum Holdings Inc. (NASDAQ: LITE) received the 2022 Excellent Core Partner Award from FiberHome Telecommunications Technologies Co. Ltd. for outstanding business performance. This accolade, given to a select few from over 1000 suppliers, highlights Lumentum's pivotal role in providing innovative optical technology for high-speed communications networks. Their solutions include wavelength selective switching and advanced modules for flexible network management. This recognition reinforces their commitment to advancing digital connections globally. Lumentum operates from San Jose, California, supporting telecom, enterprise, and data center networks.

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FAQ

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

The current stock price of Lumentum Hldgs (LITE) is $73.35 as of February 21, 2025.

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

The market cap of Lumentum Hldgs (LITE) is approximately 5.7B.

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.
Lumentum Hldgs Inc

Nasdaq:LITE

LITE Rankings

LITE Stock Data

5.66B
68.52M
0.76%
107.9%
15.4%
Communication Equipment
Communications Equipment, Nec
Link
United States
SAN JOSE