Boom Time At Lumentum

  • With basically all its segments booming, the company is experiencing the best of times.
  • While Q3 will be seasonally weak in lasers and 3D-sensing, margins keep on expanding on product leadership and larger synergies from the Oclaro acquisition.
  • Q3 will experience a negative $15M-20M revenue impact due to the coronavirus outbreak, but the company is better placed compared to many competitors.
  • While we do see longer-term upside, we think the shares have to digest recent gains at these levels.

Source: Boom Time At Lumentum – Lumentum Holdings Inc. (NASDAQ:LITE) | Seeking Alpha