Lumentum Set For Growth: Analysts See Strong Recovery Ahead With AI And Telecom Momentum
LITELumentum(LITE) Benzinga·2024-08-16 01:16

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 308.3million,beatingtheconsensusof308.3 million, beating the consensus of 300.8 million, and adjusted EPS of 0.06,whichsurpassedthestreetviewof 0.06, which surpassed the street view of 0.03.Lumentum expects first-quarter net revenue of 315million315 million – 335 million (vs. consensus of 312.57million),adjustedoperatingmarginof0312.57 million), adjusted operating margin of 0% – 3%, and adjusted EPS of 0.07 – ...