For Immediate ReleaseChicago, IL – January 24, 2025 – Today, Zacks Equity Research Equity are Lumentum (LITE) , IPG Photonics (IPGP) and MicroVision (MVIS) .Industry: Laser SystemsLink: https://www.zacks.com/commentary/2402237/3-laser-systems-stocks-to-watch-from-a-prospering-industryThe Zacks Laser Systems and Components industry participants, such as Lumentum, IPG Photonics and MicroVision, benefit from upbeat demand from electric vehicles, electronics, semiconductors and healthcare end-markets. Robust de ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Lumentum (LITE) , which belongs to the Zacks Lasers Systems and Components industry, could be a great candidate to consider.This optical networking products maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 69.23%.For th ...

Lumentum (LITE) , known for its laser technologies and applications, has been demonstrating remarkable momentum with its shares surging 70.4% in the past six months, outperforming the broader Zacks Computer and Technology sector’s return of 6.6%. Over the same time frame, it also outperformed the Lasers Systems and Components industry and its peers, including IPG Photonics (IPGP) and Microvision (MVIS) .In the past six months, shares of MVIS have gained 28.6%, while shares of IPGP have lost 17.4%. The indus ...

Following my coverage on Lumentum Holdings (NASDAQ: LITE ) in Oct 2024, which I recommended a buy rating due to the strong growth potential and positive developments, this post is to provide an update on my thoughts on the business andI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a p ...

In this analysis, we covered Lumentum Holdings Inc. (NASDAQ: LITE ), a communication equipment manufacturer in optical and photonic products with a historical 5-year CAGR of -2.78%. Despite its weak historical revenue growth, there are expectations of accelerating growth in 2025 and 2026 atKhaveen Investments is a Macroquantamental Hedge Fund managing a portfolio of globally diversified investments. With a vested interest in hundreds of investments spanning diverse asset classes, countries, sectors, and ind ...

LOS ANGELES, CALIFORNIA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" “Omni-Lite”; TSXV: OML) today is reporting that California Nanotechnologies Corp. (“Cal Nano”; TSXV: CNO) has fully paid off the outstanding debt owed to the Company aggregating approximately US$600,000, comprised of principal and interest related to the loan and promissory note previously advanced to Cal Nano. Accordingly, the debt repayment will result in an increase to the Company’s cash position, a ...

Q1 FY25 Conference Call November 7, 2024 / LUMENTUM Forward Looking Statements and Financial Presentation This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These include statements regarding: our belief and expectations with respect to our strategies, our technology, any anticipation or guidance as to demand for our products and technology from our customers, including drivers of that ...

Core Viewpoint - Lumentum Holdings has experienced a significant rebound in stock price following its fiscal fourth-quarter earnings report, despite reporting a year-on-year revenue decline and an operating loss in GAAP terms [1][2]. Financial Performance - Lumentum reported a revenue of $308.3 million for Q4 FY24, down 16.9% year-on-year, with a non-GAAP earnings of $0.06 per share and a GAAP diluted net loss of $3.72 per share [2][3]. - The company’s revenue from the cloud and networking segment was $254.7 million, down from $286.5 million in Q4 FY23, while industrial tech revenue was $53.6 million, down from $84.3 million in the same period [3]. Segment Insights - The cloud and networking segment showed a profit margin of 10.1% in Q4 FY24, down from 17.7% in Q4 FY23, indicating a decline in profitability [3]. - Lumentum is focusing on expanding its cloud customer base and scaling up component and module capacity for AI solutions, which is expected to drive future growth [2][3]. Future Guidance - For Q1 FY25, Lumentum is guiding net revenue between $315 million and $335 million, with a non-GAAP operating margin projected to be between 0% and 3% [4][5]. - Management anticipates improved gross margins due to better manufacturing utilization driven by an improved telecom outlook and increased Datacom laser shipments [4][5]. Market Opportunities - The company sees Datacom as a potential revenue driver, with initial shipments from Thailand expected to start in the current quarter [7]. - Telecom demand is recovering faster than expected, with strong demand for new ROADM products and initial shipments of Coherent components [8]. Competitive Positioning - Lumentum is viewed favorably in terms of valuation compared to peers like Infinera and F5, although it has underperformed in stock momentum [9].

Lumentum Holdings Inc. LITE shares are trading higher after the company reported fourth-quarter results and several analysts raised the price target on the stock. On Wednesday, the company reported net revenue of $308.3 million, beating the consensus of $300.8 million, and adjusted EPS of $0.06, which surpassed the street view of $0.03. Lumentum expects first-quarter net revenue of $315 million – $335 million (vs. consensus of $312.57 million), adjusted operating margin of 0% – 3%, and adjusted EPS of $0.07 ...

Q4 FY24 Financial Performance - Q4 revenue was $308.3 million, exceeding the midpoint of guidance[1,5] - Non-GAAP EPS was $0.06, also above the guidance midpoint[1,5] - GAAP gross margin was 51.3%[4] - Non-GAAP gross margin was 32.2%[5] - GAAP operating loss was $(133.4) million, representing (43.3%) of revenue[4] - Non-GAAP operating loss was $(0.8) million, representing (0.3%) of revenue[5] Segment Performance - Cloud & Networking revenue was $254.7 million[6] - Industrial Tech revenue was $53.6 million[6] Q1 FY25 Guidance - Revenue is projected to be between $315 million and $335 million[8] - Operating margin is expected to be between 0% and 30%[8] - Diluted EPS is anticipated to be between $0.07 and $0.17[8]