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LITE

Lumentum

$57.25

-1.25 (-2.14%)

05:02
09/13/17
09/13
05:02
09/13/17
05:02

Piper reiterates Overweight on Lumentum after Apple unveils 3D sensing

Piper Jaffray analyst Troy Jensen reiterates an Overweight rating on Lumentum Holdings (LITE) with a $68 price target after Apple (AAPL) unveiled 3D sensing in its latest iPhone. Lumentum offers the best way to play the 3D sensing market and the company's time-to-market advantage with Apple will result in ongoing design wins with other smart phone manufacturers, Jensen tells investors in a research note. He believes Lumentum has continued to receive volume production orders since reporting $200M in 3D sensing bookings in the June quarter.

  • 25

    Sep

  • 26

    Sep

LITE Lumentum
$57.25

-1.25 (-2.14%)

08/24/17
STFL
08/24/17
NO CHANGE
STFL
China Mobile tender positive for optical industry, says Stifel
After China Mobile (CHL) released a tender for about 42,200 WDM/OTN device boards and ports, Stifel analyst Patrick Newton says the news are a positive for the optical industry, particularly for investor sentiment. The analyst believes the China Mobile tender is indicative of a thawing in metro tenders and deployments in China, which should eventually bode positively for those exposed to China, specifically Oclaro (OCLR), Lumentum (LITE), and Finisar (FNSR). Nonetheless, Newton continues to see a challenging environment in China, but hopes the September quarter will represent a bottom for fundamentals.
08/31/17
RSBL
08/31/17
NO CHANGE
RSBL
Lumentum may have won exclusive supply deal with Apple, says Rosenblatt
08/31/17
RSBL
08/31/17
NO CHANGE
RSBL
Lumentum checks indicate exclusive supply deal with Apple, says Rosenblatt
Rosenblatt's research indicates Apple (AAPL) has signed an exclusive supply deal with Lumentum (LITE) on VCSEL laser supply for DOE/WLO structure light solutions.. In the firm's view, Lumentum's VCSEL+DOE structure forms a unique pattern, which would be exclusive for Apple's 3D sensing and help Lumentum maintain a large share at Apple in 2018.
09/05/17
STFL
09/05/17
NO CHANGE
Target $30
STFL
Buy
Finisar estimates lowered following peer commentary at Stifel
Stifel analyst Patrick Newton has lowered his FY18 and FY19 estimates for Finisar (FNSR) and is now modeling one more step down in China following recent commentary from competitors such as Lumentum (LITE), Oclaro (OCLR) and MACOM (MTSI) indicating that China is expected to decline again sequentially in the September quarter. Based on the reduced expectations, he lowered his price target on Finisar shares to $30 from $33, but he maintains a Buy rating on the stock.

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URG

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BDX

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NKE

Nike

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2.0086 (3.13%)

, ANF

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$338.74

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PM

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ADT

ADT Inc.

, APO

Apollo Global

$34.07

-1.005 (-2.87%)

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Syndicate
Breaking Syndicate news story on ADT Inc., Apollo Global »

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ADT

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APO

Apollo Global

$34.07

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NSPR

InspireMD

$0.17

-0.0019 (-1.11%)

10:21
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InspireMD reports independent publication highlighting advantages of CGuard EPS »

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ODP

Office Depot

$3.51

0.01 (0.29%)

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Defensive option play in Office Depot »

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10:20
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RBC Capital technology analysts hold an analyst/industry conference call »

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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FX Action: The dollar »

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FAZ

Direxion Financial Bear 3x

$10.45

-0.1438 (-1.36%)

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NINE

Nine Energy Services

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COLD

Americold Realty Trust

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QRVO

Qorvo

$68.76

-1.92 (-2.72%)

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ADT

ADT Inc.

, APO

Apollo Global

$34.37

-0.7 (-2.00%)

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APO

Apollo Global

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TCON

TRACON Pharmaceuticals

$3.05

0.05 (1.67%)

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10:01
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General news
Consumer Sentiment Index data reported »

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AXP

American Express

$97.92

-1.945 (-1.95%)

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NWL

Newell Brands

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