Lumentum (LITE) PT Lowered to $60 at Northland Capital Markets

Lumentum (LITE) PT Lowered to $72 at Piper Jaffray Following Recent Sell-Off

November 13, 2018 9:14 AM EST

Piper Jaffray analyst Troy Jensen lowered the price target on Lumentum (NASDAQ: LITE) to $72.00 (from $85.00) while maintaining a Overweight rating Following the 33% drop in the company's stock price. Jensen believes the reduced forecast at Apple has nothing to due with lost share for... More

Lumentum (LITE) PT Lowered to $60 at MKM Partners Following Guidance Cut

November 13, 2018 8:48 AM EST

MKM Partners analyst Michael Genovese lowered the price target on Lumentum (NASDAQ: LITE) to $60.00 (from $78.00) while maintaining a Buy rating. Yesterday morning Lumentum lowered the 2QFY19 guidance it just provided on November 1. The company reduced the revenue outlook by $72.5mn at the mid-point to... More

Lumentum (LITE) PT Lowered to $72 at Piper Jaffray

November 13, 2018 6:36 AM EST

Piper Jaffray analyst Troy Jensen lowered the price target on Lumentum (NASDAQ: LITE) to $72.00 (from $85.00) while maintaining a Overweight rating.

... More

Lumentum (LITE) PT Lowered to $47 at Loop Capital

November 13, 2018 6:35 AM EST

Loop Capital analyst James Kisner lowered the price target on Lumentum (NASDAQ: LITE) to $47.00 (from $70.00) while maintaining a Buy rating.

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Lumentum (LITE) Says Fundamental Thesis for Oclaro (OCLR) Deal Intact - Bloomberg, Citing Comments at Conf.

November 12, 2018 3:17 PM EST

Lumentum (NASDAQ: LITE) Says Fundamental Thesis for Oclaro (NASDAQ: OCLR) Deal Intact - Bloomberg, Citing Comments at Conf.

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Lumentum (LITE) Says Notification From Customer Came a Few Days Ago - Bloomberg, Citing Comments at UBS Conf.

November 12, 2018 3:01 PM EST

(Updated - November 12, 2018 3:07 PM EST)

(Updated - November 12, 2018 3:03 PM EST)

Lumentum Holdings (NASDAQ: LITE) Says Notification From Customer Came a Few Days Ago - Bloomberg, Citing Comments at UBS Conf.

Customer Doesn't Share End Demand PictureIssue Isn't Related to... More

Lumentum (LITE) PT Lowered to $74 at B.Riley/FBR, Aggressive Buyers on Weakness

November 12, 2018 12:49 PM EST

B.Riley/FBR analyst Dave Kang lowered the price target on Lumentum (NASDAQ: LITE) to $74.00 (from $88.00) while maintaining a Buy rating.

Analyst says: "aggressive buyers on weakness"

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Lumentum (LITE) PT Lowered to $60 at Craig-Hallum

November 12, 2018 12:44 PM EST

Craig-Hallum analyst Richard Shannon lowered the price target on Lumentum (NASDAQ: LITE) to $60.00 (from $85.00) while maintaining a Buy rating.

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Apple shares drop on iPhone suppliers' warnings

November 12, 2018 10:53 AM EST

By Vibhuti Sharma

(Reuters) - Apple Inc (NASDAQ: AAPL) shares fell to their lowest in more than three months on Monday as three suppliers issued warnings on results that pointed to weakness in iPhone sales.

The Cupertino, California company's signature product has become pricier with every new launch and analysts say that consumers, especially in emerging markets such as India, are ditching them for cheaper alternatives like those offered by China's OnePlus.

Apple warned earlier this month that holiday sales would miss Wall Street expectations, blaming the fall on weakness in emerging markets... More

Lumentum (LITE) PT Lowered to $75 at Needham & Company

November 12, 2018 10:05 AM EST

Needham & Company analyst Alex Henderson lowered the price target on Lumentum (NASDAQ: LITE) to $75.00 (from $90.00) while maintaining a Strong Buy rating.

Analyst comments: "Lumentum recently received a request from Apple to reduce shipments of its 3D Sensing VCSELs in FY2Q.... More

Lumentum Holdings (LITE) Cuts Q2 Guidance

November 12, 2018 8:02 AM EST

Lumentum Holdings Inc. (Nasdaq: LITE) today announced updated business outlook for its fiscal second quarter 2019 based on a recent customer development.

"We recently received a request from one of our largest Industrial and Consumer customers for laser diodes for 3D sensing to materially reduce shipments to them during our fiscal second quarter for previously placed orders that were originally scheduled for delivery during the quarter," said Alan Lowe, President and CEO. "With our proven ability to deliver high volumes, years of experience, hundreds of millions of devices in the field, and... More