Lumentum Holdings Inc. News
Analog Devices Beats Third-Quarter Forecasts as Revenue Surges
Analog Devices beat Wall Street's third-quarter-earnings expectations as revenue at the semiconductor giant jumped.
Lumentum Stock Jumps As Apple Supplier Beats On Earnings, Notes Chip Shortage
"While demand continues to grow into the first quarter, shortages of critical semiconductor components are negatively impacting our first quarter revenue outlook by more than $30 million," said CEO Alan Lowe
Apple Nudges Lower After Rare 'Sell' Rating From New Street Research
New Street Research analyst Pierre Ferragu joins only one other analyst on Wall Street in questioning the near-term prospects of the world's most valuable tech company.
Tech Stocks Roundup: Jim Cramer Says to Hold Onto FAANG Stocks
Check out the latest news and performance numbers from the top technology and FAANG stocks, including Facebook, Microsoft, Zoom Communications, PayPal, Bumble, and more.
Lumentum Misses Revenue Forecast, Apple Supplier Issues Soft Guidance
CFO Wajid Ali said fourth quarter sales guidance "consistent with our historical seasonality" despite "short-term headwinds in our industry".
Gas Shortages, Inflation, FuboTV and Bumble - 5 Things You Must Know
Stock futures fall as investors await U.S. inflation data; gas shortages worsen as the biggest U.S. pipeline remains closed after a cyberattack; FuboTV soars after boosting its revenue forecast.
Coherent Chooses II-VI Bid; Lumentum Says Its Offer Is Superior
II-VI won the bidding war for laser-tech provider Coherent. Lumentum, the loser in the battle, said its offer was better.
Premarket Movers Thursday - Nike, Rite Aid, Lumentum
Stocks moving in premarket trading Thursday include Nike, Rite Aid, Lumentum, RH and GrowGeneration.
Lumentum Increases Bid to Acquire Coherent Inc.
Lumentum raised its bid to acquire Coherent to about $287.50 per share with a Wednesday deadline for acceptance.
Coherent Calls Latest II-VI Bid Superior to Prior Proposals
II-VI lifted its bid for Coherent to a mix of $220 cash and 0.91 share for each Coherent shares. Coherent says the bid is superior to prior proposals.
Breaking News
Johnson & Johnson Stock Lower After Unveiling End To Global Baby Powder Sales In 2023
Johnson & Johnson, which began selling Baby Powder in 1894, will end all sales of the talc-based product next year.
Apple Stock Edges Higher After Report Indicates iPhone Demand Confidence
Apple is asking assemblers to put together 220 million iPhones this year, Bloomberg reported, a tally that largely matches 2021 levels.
Struggling Electric-Truck Maker Nikola Makes a Major Change
Electric-truck manufacturer Nikola, like the broad vehicle industry, has been struggling with supply-chain issues.
Illumina and the Quest for the (Holy?) Grail
DNA-sequencing leader Illumina swung to a loss in Q2 2022. Contributions from Grail didn't help.