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An announcement from Lumentum Holdings ( (LITE) ) is now available.
On February 3, 2025, Lumentum Holdings announced a leadership transition with Michael Hurlston appointed as the new President and CEO, succeeding Alan Lowe effective February 7, 2025. Hurlston, who brings over 30 years of experience from Synaptics and Finisar, is expected to drive the company’s growth in the cloud and AI photonics market. The company also provided preliminary financial results for the fiscal second quarter of 2025, projecting net revenue of approximately $402 million, which is at the high end of their previous guidance.
More about Lumentum Holdings
Lumentum Holdings Inc. is a leading designer and manufacturer of innovative optical and photonic products for cloud/AI, networking, and industrial applications. Their optical components and subsystems are integral to data centers, telecom, and enterprise networks, while their laser technologies support advanced manufacturing and next-generation 3D sensing capabilities.
YTD Price Performance: -0.63%
Average Trading Volume: 1,968,466
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.84B
Learn more about LITE stock on TipRanks’ Stock Analysis page.
