Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / LITE - Pitfalls Remain For NeoPhotonics Even If It Is Optimistic About Life Without Huawei

LITE - Pitfalls Remain For NeoPhotonics Even If It Is Optimistic About Life Without Huawei

Lumentum Holdings Inc.
  • NeoPhotonics double-digit growth in revenue and net income in Q3 was overshadowed by the forecast of big declines in Q4 due to losing Huawei as a customer.
  • NeoPhotonics points to growing demand for high-speed products as justification why it believes it can overcome the Huawei loss in fairly short order.
  • There are increasing reports of a slowdown in at least some industries NeoPhotonics is counting on to drive demand going forward.
  • While it can be argued future trends favor NeoPhotonics, the company may be underestimating the severity of the situation similar to how it did not that long ago.

For further details see:

Pitfalls Remain For NeoPhotonics Even If It Is Optimistic About Life Without Huawei
Stock Information
Company Name: Lumentum Holdings Inc.
Stock Symbol: LITE
Market: NASDAQ
Website: lumentum.com
Menu
LITE LITE Quote LITE Short LITE News LITE Articles LITE Message Board
Get LITE Alerts

News, Short Squeeze, Breakout and More Instantly...