Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2023 Financial Results on August 17, 2023. July 27, 2023 04:05 PM Eastern Daylight Time. SAN JOSE, Calif.-- ...

Lumentum Holdings said on Monday it would buy Hong Kong-based Cloud Light Technology for about $750 million, as the networking equipment maker looks to capitalize on growing demand for cloud ...

Lumentum Stock Valuation. Lumentum shares are currently trading 20% off their 52-week intraday-high of $104. LITE stock has a forward Price-to-earnings/Growth (PEG) of 0.60.

Lumentum LITE shares soared 8.1% in the last trading session to close at $62.05. The move was backed by solid volume with far more shares changing hands than in a normal session.

Under the terms of the deal, Lumentum will pay $100 in cash at 1.1851 shares of comment stock for each Coherent share. At closing. Coherent shares will own about 27% of the combined company.

Lumentum Holdings Inc.LITE1.65%increase; green up pointing triangle agreed to buy laser maker Coherent Inc. for $5.7 billion, in a deal that would combine two companies whose products are used in ...