LITE News and Press, Lumentum Holdings Inc. From 06/16/23

2023-06-16 12:52:33 ET Summary Coherent stock is up for unexplained reasons. New products on the horizon fail to rationalize weekly stock gain. Beware of backlog growth and revenue miss next quarter. When Lumentum ( LITE ) posted weak quarterly results, the post-...

2023-06-14 05:35:19 ET Lumentum Holdings ( NASDAQ: LITE ) has priced upsized $525M ($500M) of 1.50% convertible senior unsecured notes due December 15, 2029 in a private placement. Initial purchasers granted an option to purchase up to an additional $78.75M of the not...

2023-06-14 03:30:54 ET Summary The acquisition of Coherent proved to impede the combined company’s resources considerably, due to the current macro conditions. The combined company of II-VI and Coherent now controls a durable and attractive portfolio within the industrial, ...

Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced the pricing of $525 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securit...

2023-06-12 17:45:53 ET Lumentum ( NASDAQ: LITE ) said Monday it intends to offer $500 million in convertible senior notes due in 2029. The company also plans to grant the initial purchasers of the notes a 13-day option to purchase up to $75 million of the notes. ...

Lumentum Holdings Inc. (“Lumentum”) (NASDAQ: LITE) today announced its intention to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due in 2029 (the “notes”) in a private placement to qualified ...

2023-05-30 14:27:34 ET Summary Lumentum Holdings Inc. posted a weak quarterly report for a second time. Outlook for the next quarter is equally disappointing. Inventory glut is a core issue that Lumentum must work through in 2023. Weak Investors who listened to the Q...

2023-05-15 11:21:56 ET Summary Coherent Corp. (formerly known as II-VI) has been hurt by the debt overhang and pricey deal for Coherent. The company has taken on a lot of debt, and this weighs on the business amidst operational headwinds. A potential valuation re-rating for Co...

2023-05-10 07:19:29 ET Lumentum ( NASDAQ: LITE ) shares slipped nearly 2% in pre-market trading on Wednesday as Barclays downgraded the photonic technology company, citing "one too many resets" after the company reported weak first-quarter results and guidance. Analyst T...

2023-05-09 12:31:08 ET Lumentum Holdings Inc. (LITE) Q3 2023 Results Conference Call May 09, 2023 08:30 AM ET Company Participants Kathy Ta - VP, IR Alan Lowe - President and CEO Wajid Ali - CFO Chris Coldren - SVP and Chief Strategy and Corporate Development...