Lumentum Holdings to Release Quarterly Earnings Results on May 9th
May 5, 2023
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Lumentum Holdings ($NASDAQ:LITE) Inc. is an optical and photonic products manufacturer and technology leader. It provides components, modules, and subsystems to customers in the telecommunications, data communications, enterprise networking, industrial, consumer, 3D sensing, and other markets. On Tuesday, May 9th, the company will announce its quarterly earnings results before the market opens. They will also be interested in learning about any new products or services that may have been launched during the quarter, as well as any strategic initiatives the company may have undertaken.
The results of Lumentum’s performance will be important indicators of its future success and growth prospects. It should be a key event for investors in the optical and photonic products market. Those looking to gain further insight into the company’s financials and operations should pay close attention to the upcoming earnings release.
Market Price
Lumentum Holdings, Inc., a leading provider of optical and photonic products, is set to announce its first quarter earnings results on May 9th. The company has seen a recent drop in market value, as the stock opened at $48.0 on Tuesday and closed at $47.2, representing a 2.3% decrease from the previous closing price of $48.3. Investors are eagerly awaiting to see how the company performs in the next quarter and if it can recover from the recent market downturn. With the anticipation of their upcoming earnings announcement, the company’s future performance is uncertain. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lumentum Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.83k | 28.6 | 2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lumentum Holdings. More…
| Operations | Investing | Financing |
| 306.6 | -631.6 | 365.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lumentum Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.42k | 2.87k | 22.57 |
Key Ratios Snapshot
Some of the financial key ratios for Lumentum Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.6% | 5.3% | 6.6% |
| FCF Margin | ROE | ROA |
| 10.7% | 5.0% | 1.7% |
Analysis
At GoodWhale, we are committed to helping our clients make informed decisions when it comes to their investments. We have conducted an analysis of the fundamentals of LUMENTUM HOLDINGS and have detected that it is a high risk investment in terms of financial and business aspects. From our Risk Rating, we have identified 4 risk warnings in the income sheet, balance sheet, cashflow statement, and non-financial areas. These warnings include areas such as asset depreciation, liquidity issues, and debt levels. We understand that this can be an intimidating process so we encourage our clients to register with us in order to access our comprehensive range of data on LUMENTUM HOLDINGS. This will provide you with the necessary information to make an informed decision about whether or not to invest in this company. At GoodWhale, we are dedicated to providing quality advice and guidance when it comes to analyzing the fundamentals of investments. Our team is here to support you in making confident decisions about your investments. More…
Peers
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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Summary
Lumentum Holdings (LITE) is an industry leader in optical and photonic products for a broad range of commercial and consumer applications. Investors will be expecting strong results from Lumentum, especially in the area of Optical Communications and Network Solutions, where the company has seen healthy growth in recent quarters. Despite the expected decline in EPS, investors are likely to focus on other metrics such as gross margin, operating margin, and earnings before interest, taxes, depreciation and amortization (EBITDA). Any signs of improvement in these areas could help to improve investor sentiment and provide support for the stock.
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