Lumentum (LITE) PT Raised to $65 at B.Riley/FBR
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Go back to Lumentum (LITE) PT Raised to $65 at B.Riley/FBR
February 6, 2019 8:02 AM EST
Needham & Company analyst, Alex Henderson, reiterated a Strong Buy rating and $65.00 price target on Lumentum (NASDAQ: LITE) following the company's 4Q earnings report. On 3D, LITE exceeded CY4Q estimate at ~$110 million and guidance implies estimates are at the... More
February 6, 2019 7:14 AM EST
MKM Partners analyst, Michael Genovese, reiterated his Buy rating on shares of Lumentum (NASDAQ: LITE) and raised his price target to $66 after 2QFY19 revenues came in at $374M, including $30M from a partial quarter of Oclaro. 3D Sensing sales were also strong... More
February 5, 2019 2:16 PM EST
Raymond James analyst Simon Leopold lowered the price target on Lumentum (NASDAQ: LITE) to $75.00 (from $85.00) while maintaining a Strong Buy rating.
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February 5, 2019 11:15 AM EST
Rosenblatt analyst Jun Zhang believes Lumentum (NASDAQ: LITE) 3D sensing business is on track, with potentially more design wins from the Android market in the March quarter.
"The Telecom business remains strong, with ROADM deployments across different regional markets," Zhang commented. "Both the... More
February 5, 2019 7:31 AM EST
Lumentum Holdings (NASDAQ: LITE) reported Q2 EPS of $1.15, $0.01 worse than the analyst estimate of $1.16. Revenue for the quarter came in at $373.1 million versus the consensus estimate of $360.93 million.
GUIDANCE:
Lumentum Holdings sees Q3 2019 EPS of $0.76-$0.94, versus the consensus of... More
