- 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.
Lumentum: Surging Demand Meets Supply Constraints
June 13th, 2020 · No Comments