On August 17 2023, LUMENTUM HOLDINGS ($NASDAQ:LITE) reported their fourth-quarter earnings results for the period ending June 30 2023. Total revenue for the quarter was USD 370.8 million, a decrease of 12.2% compared to the same quarter of the prior year. Net income for the quarter was reported at USD -60.2 million, in comparison to 34.7 million in the prior year.
On Thursday, Lumentum Holdings reported its financial results for the fourth fiscal quarter of 2023. The company reported that its stock opened at $48.8 and closed at $46.2, down 1.3% from its previous closing price of $46.8. The company attributed its financial success to strong demand for its products across multiple markets. The company also noted that it had increased its R&D investments and that it was making progress in the development of new products and services that will further improve its competitive position in the industry. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Lumentum Holdings. More…
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Cash Flow Snapshot
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Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Lumentum Holdings are shown below. More…
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Analysis – Lumentum Holdings Stock Intrinsic Value
At GoodWhale we have analyzed the fundamentals of LUMENTUM HOLDINGS and come to the conclusion that the intrinsic value of their stock is around $71.1. This is based on our proprietary Valuation Line, which takes into account factors such as the company’s financials, its competitive landscape, and economic developments. Currently, LUMENTUM HOLDINGS shares are trading at only $46.2, which represents a 35.0% discount to its intrinsic value. This suggests that the stock may be undervalued and presents an opportunity for investors to purchase it at a price below its true market value. More…
Risk Rating Analysis
Star Chart Analysis
The company’s products are used in a variety of applications, including fiber-optic telecommunications, data communications, industrial lasers, and medical lasers.
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Lumentum Holdings reported a decrease of 12.2% in total revenue for the quarter ending June 30 2023, compared to the same quarter of the prior year. Net income was reported at -60.2 million, a significant decline from 34.7 million reported in the previous year. This poor performance is likely to be a cause for concern for current and potential investors.
Moving forward, it is important for investors to closely monitor the company’s financial performance and look for signs of recovery. With strategic investments and aggressive cost cutting, there is potential for Lumentum Holdings to turn around and get back on track.