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控股（NASDAQ:LITE）股份上漲，原因是公司公佈了第四季度業績報告，同時多家分析師上調了該股目標價。
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，該公司宣佈淨營業收入爲3,083萬美元，超過3008萬美元的共識，並且調整後每股收益爲0.06美元，超過0.03美元的街頭預期。
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預計第一季度淨營業收入爲3,150-3,350萬美元（預計值爲3,125.7萬美元），調整後營業利潤率爲0-3%，調整後每股收益爲0.07-0.17美元（街頭預期爲0.13美元）。
Rosenblatt analyst Mike Genovese raised the price target to $69.00 from $65.00 with a Buy rating.
Rosenblatt分析師Mike Genovese將該股的目標價從65美元上調至69美元，並給出買入評級。
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.
該分析師認爲，儘管在800+G人工智能收發器方面落後於Coherent Corp.（NYSE: COHR）、Innolight和Fabrinet（NYSE: FN），但該公司很有可能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對電信市場的積極前景，其主要的互聯網規模客戶驅動的ZR和ZR+技術，是近期疲軟的電信市場的一大亮點。
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經常取代傳統的DWDm系統用於DCI應用，該分析師認爲，LITE的電信評論對電信光學產品製造商並不有利。
Instead, they may pose a headwind for optical vendors primarily focused on Telecom customers, writes the analyst.
相反，他們可能對主要專注於電信客戶的光學供應商構成風險，寫道該分析師。
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.
Genovese將FY25年的收入預估從15.1億美元提高至15.8億美元，將FY26年的收入預估從18.2億美元提高至19億美元。
Moreover, Needham analyst Alex Henderson maintained a Buy rating and upped the price target to $70 (from $65).
此外，Needham分析師Alex Henderson維持買入評級，並將目標價從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.
該分析師認爲，由於人工智能收發器和EML/CW芯片的增長，他們預計CY25年是該公司的強勁復甦年，季度收入從大約1.11億美元跳至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，並預計在CY24年底/ CY25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.
Henderson寫道，Lumentum宣佈獲得一家大型新人工智能收發器客戶的消息對股票產生了積極影響，未來幾個季度預計會獲得更多潛在客戶贏得。
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FY25的每股收益預測從1.26美元上調至1.6美元，將FY26的每股收益預測從3.26美元下調至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 S&P電信ETF（NYSE:XTL）和Syntax Stratified MidCap ETF（NYSE:SMDY）獲取該股。
Price Action: LITE shares are up 13.5% to $51.70 at the last check Thursday.
股票價格：在上週四最後一次查詢時，LITE的股價上漲了13.5％至51.7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：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Photo via Shutterstock
圖片來自shutterstock。