The Latest Breaking News from Lumentum Holdings

Lumentum Holdings shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

The optical tech industry is well-positioned for growth due to technological advancements and increasing demand for seamless connectivity. So, let’s analyze optical tech stocks, Viavi Solutions (VIAV) and Lumentum Holdings (LITE), to determine which optical tech stock shines brighter. Read on.

Gainers

According to Benzinga Pro, during Q3, Lumentum Holdings (NASDAQ:LITE) earned $26.00 million, a 54.14% increase from the preceding quarter. Lumentum Holdings's sales decreased to $395.40 million, a 11.48% change since Q2.

  Lumentum Holdings (NASDAQ:LITE) reported its Q3 earnings results on Wednesday, May 4, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Over the past 3 months, 9 analysts have published their opinion on Lumentum Holdings (NASDAQ:LITE) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Lumentum Holdings (NASDAQ:LITE) has observed the following analyst ratings within the last quarter:

Lumentum Holdings (NASDAQ:LITE) has observed the following analyst ratings within the last quarter:

Pulled from Benzinga Pro data, Lumentum Holdings (NASDAQ:LITE) posted Q2 earnings of $56.70 million, an increase from Q1 of 30.43%. Sales dropped to $446.70 million, a 0.38% decrease between quarters.