The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $92.56, a high estimate of $125.00, and a low estimate of $65.00. This current average has ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Lumentum (LITE) reports results for the ...

SAN JOSE, Calif., August 14, 2024--Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal fourth quarter and full year ended June 29, 2024.

Lumentum beat the quarter and raised September/December 2025 estimates, but left the June/September 2026 $600M sales target unchanged, the analyst tells investors in a research note.

Demand for LITE's optical components has been out-stripping supply. With healthy margins and ~$1.1 billion in net cash, it has a solid balance sheet. Click to know why I rate it as a Buy.

Microchip Technology MCHP is set to report its first-quarter fiscal 2026 results on Aug. 7. Microchip expects net sales ...

Lumentum Holdings Inc. LITE 1.65% agreed to buy laser maker Coherent Inc. for $5.7 billion, in a deal that would combine two companies whose products are used in everything from laser eye surgery ...

Apple also split Lumentum's VCSEL orders with Coherent (COHR 1.40%) and Sony (SONY 4.84%). As a result, the Mac maker's contribution to Lumentum's top line dropped from 30% in fiscal 2021 to 12% ...

Lumentum Holdings has generally fared well in recent years, even though 2022 fiscal data came in a bit weak. 2023 is set up to be a great year for investors and shares of the enterprise look to be ...

Lumentum Holdings Inc. said Monday it has agreed to acquire Coherent Inc. in a cash-and-stock deal valued at $5.7 billion. Under the terms of the deal, Lumentum will pay $100 in cash at 1.1851 ...