Lumentum Scored Robust 2Q Results and Offered Strong Growth Prospects Beyond 3Q; Shares Undervalued
Lumentum posted second-quarter results that well exceeded our expectations and management’s guidance on both the top and bottom lines. Sales from 3-D sensing (3DS) laser and commercial lasers came in ahead of our expectations and were more than enough to offset top-line weakness in telecom and Datacom optical products. Although the firm expects sales for the March quarter to drop by about $100 million sequentially at midpoint, this is mainly related to the softer follow-through bookings on iPhon...
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.
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