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Lumentum: Surging Demand Meets Supply Constraints

June 13th, 2020 · No Comments

  • Demand for most of the company’s products is booming due to secular tailwinds. However, supply constraints and uncertainty about mobile phone demand are short-term negatives.
  • Despite declining revenue as a result of these supply constraints, which will continue into Q4, financial performance was stellar, mostly on acquisition synergies.
  • Given the amount of cash the company produces even with some temporary headwinds, the shares are very reasonably priced.

Source: Lumentum: Surging Demand Meets Supply Constraints (NASDAQ:LITE) | Seeking Alpha

Tags: LITE