Lumentum Announces Fiscal Third Quarter 2021 Financial Results
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Lumentum (LITE) PT Lowered to $87 at Needham & Company
May 13, 2021 6:45 AM EDTNeedham & Company analyst Alex Henderson lowered the price target on Lumentum (NASDAQ: LITE) to $87.00 (from $123.00) while maintaining a Buy rating.
The analyst commented, "Lumentum's print and guidance has unwound a lot of Revenue and earnings momentum, which in turn inhibits the valuation argument. From... More
Lumentum Holdings (LITE) Reports In-Line Q3 EPS, Revenues Miss; Offers 4Q EPS/Revenues Guidance Below Consensus
May 12, 2021 7:34 AM EDTLumentum Holdings (NASDAQ: LITE) reported Q3 EPS of $1.40, in-line with the analyst estimate of $1.40. Revenue for the quarter came in at $419.5 million versus the consensus estimate of $433.49 million.
"The strong year on year margin improvements in our third quarter results highlight a product portfolio increasingly rich in new and differentiated products that are aligned with multi-year favorable market trends and the impact of continuous improvement in our... More
