Lumentum Set For Growth: Analysts See Strong Recovery Ahead With AI And Telecom Momentum
Lumentum Set For Growth: Analysts See Strong Recovery Ahead With AI And Telecom Momentum
Lumentum Holdings Inc. (NASDAQ:LITE) shares are trading higher after the company reported fourth-quarter results and several analysts raised the price target on the stock.
Lumentum Holdings Inc.（納斯達克股票代碼：LITE）股價走高，此前該公司公佈了第四季度業績，幾位分析師提高了該股的目標股價。
On Wednesday, the company reported net revenue of $308.3 million, beating the consensus of $300.8 million, and adjusted EPS of $0.06, which surpassed the street view of $0.03.
週三，該公司公佈的淨收入爲3.083億美元，超過市場預期的3.008億美元，調整後的每股收益爲0.06美元，超過了0.03美元的街景。
Lumentum expects first-quarter net revenue of $315 million – $335 million (vs. consensus of $312.57 million), adjusted operating margin of 0% – 3%, and adjusted EPS of $0.07 – $0.17 (vs. street view of $0.13).
Lumentum預計第一季度淨收入爲3.15億美元至3.35億美元（市場預期爲3.1257億美元），調整後的營業利潤率爲0％至3％，調整後的每股收益爲0.07美元至0.17美元（而街景爲0.13美元）。
Rosenblatt analyst Mike Genovese raised the price target to $69.00 from $65.00 with a Buy rating.
羅森布拉特分析師邁克·熱諾維斯將目標股價從65.00美元上調至69.00美元，評級爲買入。
The analyst writes that despite trailing Coherent Corp. (NYSE:COHR), Innolight, and Fabrinet (NYSE:FN) in 800+G AI transceivers, the company is well-positioned to catch up and achieve similar growth.
這位分析師寫道，儘管在800+G的人工智能收發器方面落後於Coherent Corp.（紐約證券交易所代碼：COHR）、Innolight和Fabrinet（紐約證券交易所代碼：FN），但該公司完全有能力迎頭趕上並實現類似的增長。
Genovese adds that Lumentum's positive outlook on the Telecom market, which has been weak recently, mainly highlights ZR and ZR+ technologies driven by Web Scale customers.
Genovese補充說，Lumentum對電信市場的樂觀前景最近一直疲軟，主要凸顯了由Web Scale客戶推動的ZR和ZR+技術。
Since ZR often replaces traditional DWDM systems for DCI applications, the analyst does not see LITE's Telecom comments as beneficial for Telecom optical players.
由於ZR經常用DCI應用取代傳統的dWDM系統，因此分析師認爲LITE的電信評論對電信光學公司沒有好處。
Instead, they may pose a headwind for optical vendors primarily focused on Telecom customers, writes the analyst.
相反，分析師寫道，它們可能會給主要關注電信客戶的光學供應商帶來不利影響。
Genovese raised the revenue estimate to $1.58 billion (from $1.51 billion) for FY25 and $1.90 billion (from $1.82 billion) for FY26.
熱那亞將25財年的收入預期從15.1億美元上調至15.8億美元（從15.1億美元），將26財年的收入預期從18.2億美元提高至19.0億美元（從18.2億美元）。
Moreover, Needham analyst Alex Henderson maintained a Buy rating and upped the price target to $70 (from $65).
此外，尼德姆分析師亞歷克斯·亨德森維持買入評級，並將目標股價從65美元上調至70美元。
The analyst writes that they expect CY25 to be a strong recovery year for the company, driven by growth in AI transceivers and EML/CW chips, which could see quarterly revenue jump from ~$111 million to $215 million.
該分析師寫道，在人工智能收發器和EML/CW芯片增長的推動下，他們預計25財年將是該公司的強勁復甦年，季度收入可能從約1.11億美元躍升至2.15億美元。
The analyst adds that telecom demand seems to be bottoming out, with a rebound anticipated in late CY24/early CY25.
該分析師補充說，電信需求似乎正在觸底，預計將在財年末/25財年初出現反彈。
Henderson writes that the stock responded positively to Lumentum's announcement of a major new AI transceiver customer, with more potential customer wins anticipated in the coming quarters.
亨德森寫道，該股對Lumentum宣佈的新的AI收發器主要客戶做出了積極回應，預計未來幾個季度還會有更多潛在的客戶獲勝。
The analyst raised EPS estimates to $1.60 from $1.26 for FY25 and $3.04 from $3.26 for FY26.
該分析師將每股收益預期從25財年的1.26美元上調至1.60美元，從26財年的3.26美元上調至3.04美元。
Investors can gain exposure to the stock via SPDR S&P Telecom ETF (NYSE:XTL) and Syntax Stratified MidCap ETF (NYSE:SMDY).
投資者可以通過SPDR標普電信ETF（紐約證券交易所代碼：XTL）和Syntax Stratified MidCap ETF（紐約證券交易所代碼：SMDY）獲得股票敞口。
Price Action: LITE shares are up 13.5% to $51.70 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，LITE股價上漲13.5％，至51.70美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。
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