• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Stock Market

Lumentum holdings director Harold Covert sells $477,211 in stock By Investing.com todayheadline

November 27, 2024
in Stock Market
Reading Time: 3 mins read
A A
0
Hyperscale data's executive chairman Milton Ault buys $564 in stock By Investing.com
1
SHARES
3
VIEWS
Share on FacebookShare on Twitter

SAN JOSE, CA—Harold L. Covert, a director at Lumentum Holdings Inc . (NASDAQ:), recently sold 5,416 shares of the company’s common stock. The transaction, which took place on November 22, 2024, was executed at an average price of $88.1114 per share, amounting to a total value of $477,211.

Following this sale, Covert holds 3,313 shares of Lumentum Holdings. The transaction was disclosed in a filing with the Securities and Exchange Commission, signed by Jae Kim as Attorney-in-Fact on November 26, 2024.

Lumentum Holdings is a leading manufacturer in the communications equipment sector, headquartered in San Jose, California.

In other recent news, Lumentum Holdings Inc. reported a successful first quarter for fiscal year 2025, with revenues reaching $336.9 million and non-GAAP earnings per share (EPS) at $0.18, surpassing its initial guidance. This increase in earnings is primarily due to a record number of Datacom laser chip orders, fueled by growing demands from cloud and AI customers. In addition, the company projects double-digit sequential revenue growth in Q2 and targets achieving $500 million in quarterly revenue by the end of 2025.

Lumentum has also announced plans to begin shipping to a new hyperscale transceiver customer in the first half of 2025, indicating a robust pipeline of cloud engagements. However, the company’s Industrial Tech segment saw a year-over-year decline of 38%. For the second quarter of fiscal 2025, Lumentum anticipates revenue to be between $380 million and $400 million, with non-GAAP operating margins projected between 5.5% to 7.5%.

In other developments, Lumentum’s stockholders approved an amendment extending the company’s 2015 Equity Incentive Plan expiration date to June 23, 2026. The company’s named executive officers’ compensation received a non-binding advisory approval, and Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending June 28, 2025. These are some of the recent developments surrounding Lumentum Holdings Inc.

InvestingPro Insights

In light of Harold L. Covert’s recent stock sale, it’s worth examining Lumentum Holdings Inc.’s (NASDAQ:LITE) current market position and financial health. According to InvestingPro data, Lumentum’s market capitalization stands at $5.97 billion, reflecting its significant presence in the communications equipment sector.

Despite the director’s sale, Lumentum’s stock has shown remarkable strength. InvestingPro Tips highlight that the company has delivered a strong return over the last month, with a price total return of 35.13% in the past 30 days. This short-term performance is part of a broader trend, as the stock has seen an impressive 102.23% return over the past year.

The company’s financial metrics present a mixed picture. While Lumentum’s liquid assets exceed short-term obligations, indicating solid short-term financial health, it’s important to note that the company has not been profitable over the last twelve months. However, analysts predict that Lumentum will return to profitability this year, which could explain the stock’s recent momentum.

Interestingly, 15 analysts have revised their earnings upwards for the upcoming period, suggesting growing optimism about Lumentum’s near-term prospects. This positive sentiment is reflected in the stock’s current trading price, which is near its 52-week high at 95.36% of that peak.

For investors seeking a more comprehensive analysis, InvestingPro offers 12 additional tips for Lumentum Holdings, providing deeper insights into the company’s financial position and market performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.


Previous Post

No ‘one size fits all’ treatment for type 1 diabetes, study finds

Next Post

Chancay megaport magnifies China’s presence in South America

Related Posts

The Joint Corp. expands board with new director appointment todayheadline

June 4, 2025
2

Cango Inc. adjusts terms for crypto mining assets acquisition todayheadline

June 4, 2025
4
Next Post
Chancay megaport magnifies China’s presence in South America

Chancay megaport magnifies China’s presence in South America

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Two people in white lab coats looking at a computer display.

Why Mind Medicine Gave Investors a Powerful Buzz in May todayheadline

June 4, 2025

The Joint Corp. expands board with new director appointment todayheadline

June 4, 2025
NASA’s budget crisis presents an opportunity for change

NASA’s budget crisis presents an opportunity for change

June 4, 2025
Creative Commons License

In Brookline, Massachusetts, a group helps neighbors cut carbon emissions one appliance at a time » Yale Climate Connections

June 4, 2025

Recent News

Two people in white lab coats looking at a computer display.

Why Mind Medicine Gave Investors a Powerful Buzz in May todayheadline

June 4, 2025
0

The Joint Corp. expands board with new director appointment todayheadline

June 4, 2025
2
NASA’s budget crisis presents an opportunity for change

NASA’s budget crisis presents an opportunity for change

June 4, 2025
4
Creative Commons License

In Brookline, Massachusetts, a group helps neighbors cut carbon emissions one appliance at a time » Yale Climate Connections

June 4, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Two people in white lab coats looking at a computer display.

Why Mind Medicine Gave Investors a Powerful Buzz in May todayheadline

June 4, 2025

The Joint Corp. expands board with new director appointment todayheadline

June 4, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co