Report
Alex Zhao
EUR 101.80 For Business Accounts Only

Lumentum faces tough competition for optical component orders, potential 3-D sensing opportunities.

Lumentum’s fourth-quarter fiscal 2017 results were relatively weak with total revenue of $222.7 million, at the low end of the guided range of $220 million-$235 million and down 13% from the third quarter due to continued weakness in telecom demand in China, which management expects to persist over the next two quarters. However, Lumentum's management announced robust 3D sensing bookings that reinforced our growth thesis for the manufacturer of the VCSEL laser in the 3D sensing module of the upc...
Underlying
Lumentum Holdings Inc.

Lumentum Holdings is a provider of optical and photonic products addressing a range of end-market applications including Optical Communications (OpComms) and Commercial Lasers (Lasers) for manufacturing, inspection and life-science applications. The company's segments are: OpComms, which include a range of components, modules and subsystems to support customers including carrier networks of access, metro, long-haul and submarine applications; and Lasers, which provides lasers for the industrial and scientific markets used in a range of original equipment manufacturer applications including diode-pumped solid-state, fiber, diode, direct-diode and gas lasers such as argon-ion and helium-neon lasers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Zhao

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