Lumentum Holdings (LITE): 3D Trumps China - Needham & Company
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Lumentum (LITE) PT Raised to $59 at Barclays
August 10, 2017 9:04 AM EDTBarclays raised its price target on Lumentum (NASDAQ: LITE) to $59.00 (from $50.00) while maintaining a Equalweight rating.
... MoreLumentum (LITE) PT Raised to $72 at Jefferies
August 10, 2017 8:12 AM EDTJefferies raised its price target on Lumentum (NASDAQ: LITE) to $72.00 (from $63.00) while maintaining a Buy rating.
Analyst James Kisner commented, "FQ4 revenue was light driven by inventory issues in both China and N. America; September quarter guidance was mixed but forward... More
Lumentum (LITE) PT Raised to $83 at DA Davidson
August 10, 2017 7:26 AM EDTDA Davidson raised its price target on Lumentum (NASDAQ: LITE) to $83.00 (from $77.00) while maintaining a Buy rating following strong Q2 results.
Mark Kelleher commented, "LITE sold $5M of 3D sensing lasers in the quarter, and indicated that it had $200M... More
Lumentum (LITE) PT Raised to $81 at B. Riley
August 10, 2017 7:15 AM EDTB. Riley raised its price target on Lumentum (NASDAQ: LITE) to $81.00 (from $77.00) while maintaining a Buy rating.
Raising FY18/19 EPS from $2.60/$3.50 to $2.75/$3.70.
... MoreLumentum (LITE) PT Raised to $70 at Rosenblatt After $200M 3D Sensing Order Likely to Apple
August 9, 2017 2:07 PM EDTRosenblatt analyst Jun Zhang raised his price target on Lumentum (NASDAQ: LITE) to $70.00 (from $66.00) while maintaining a Buy rating after the company confirmed that they have received a $200 million 3D sensing order for calendar 2017, which suggests to us around 50-60 million VCSEL laser... More
Lumentum Holdings (LITE) Tops Q4 EPS by 5c, Miss on Revenues; Offers Q1 Revenue Outlook Below Consensus
August 9, 2017 8:04 AM EDTLumentum Holdings (NASDAQ: LITE) reported Q4 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $222.7 million versus the consensus estimate of $229.29 million.
Business Outlook
For the fiscal first quarter 2018, the Company expects net revenue to be in the range of $245 million to $265 million, non-GAAP operating margin to be 13.0% to 15.0%, and non-GAAP diluted earnings per share to be $0.50 to $0.60 per share, based on approximately 64.2 million shares... More
