Morgan Stanley Downgrades Lumentum (LITE) to Underweight
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Lumentum Holdings (LITE): 100G Drives Strong Guidance - Piper Jaffray
August 10, 2016 7:55 AM EDTPiper Jaffray analyst, Troy Jensen, reiterated his Overweight rating on shares of Lumentum (NASDAQ: LITE) and increased his price target to $38 from $32. Lumentum reported an impressive June quarter with revenues, margins and EPS all coming in ahead of Street expectations, while also guiding the September... More
Lumentum Holdings (LITE) Reports Q4 EPS of $0.41
August 9, 2016 4:34 PM EDTLumentum Holdings (NASDAQ: LITE) reported Q4 EPS of $0.41, versus $0.15 reported last year. Revenue for the quarter came in at $241.7 million, versus $208.9 million reported last year.
GUIDANCE:
Lumentum Holdings sees Q1 2017 EPS of $0.41-$0.46. Lumentum Holdings sees Q1 2017 revenue of... More

