LITE

Source: MarketWatch

Lumentum Holdings Inc. appears to have lost its hard fought battle to buy laser technology company Coherent Inc. on Thursday, but investors are cheering like…

Read Full Article

Source: Investing.com

Needham Stick to Their Buy Rating for Lumentum Holdings

Read Full Article

Source: Benzinga

SANTA CLARA, Calif. , March 25, 2021 /PRNewswire/ — Coherent, Inc. (NASDAQ: COHR ) today announced that its board of directors has determined, after consultation with its financial and legal advisors, that the previously disclosed acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI ) on March 17, 2021 continues to be a “Company Superior Proposal” under Coherent’s March 9, 2021 merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE ) after giving due consideration to the revised acquisition proposal Coherent received from Lumentum on March 22, 2021 . In making its determination, the Coherent board of directors evaluated the comparative benefits and risks of the II-VI and Lumentum proposals, including the near-term and long-term financial opportunities and risks presented by each proposal, the potential synergies available through a combination with each company, and the complementary businesses of each company. Accordingly, Coherent is terminating the March 9, 2021 merger agreement between Coherent and Lumentum and paying Lumentum the $217.6 million termination fee contemplated by their merger agreement in order to enter into a new merger agreement with II-VI.

Read Full Article

Source: Benzinga

It’s time to step to the sidelines for the optical stock Lumentum Holdings Inc. (NASDAQ: LITE ) and instead add to NeoPhotonics Corporation (NASDAQ: NPTN ) holdings, according to a Rosenblatt Securities analyst. The Optical Stocks Analyst: Ryan Koontz upgraded NeoPhotonics shares from Neutral to Buy and increased the price target from $12 to $16. At the same time, the analyst downgraded shares of Lumentum from Buy to Neutral and trimmed the price target from $105 to $97. NeoPhotonics On Track To Break Even: NeoPhotonics appears uniquely well-positioned to benefit from the upcoming transition from embedded coherent optics to pluggables, Koontz said in the upgrade note. Strong growth in non-Huawei and 400G+ revenues will likely help the company return to breakeven in the fourth quarter of 2021, the analyst said. “We are confident NPTN should benefit … Full story available on Benzinga.com

Read Full Article

Source: Barron’s

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

Read Full Article

Source: Investing.com

https://www.investing.com/news/technology-news/lumentum-raises-takeover-offer-for-coherent-to-69-billion-2449068

Read Full Article

Source: PR Newswire

SANTA CLARA, Calif., March 10, 2021 /PRNewswire/ — Coherent, Inc. (NASDAQ: COHR) today announced that it has entered into a revised merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE). Under the terms of the revised merger agreement, each share of Coherent common stock will be…

Read Full Article

Source: OpenPR

Latest Published Report by Allied Market Research Titled,”InGaAs Camera Market By Scanning Type (Area Scan Camera and Line Scan Camera), Cooling technology (Uncooled Camera and Cooled Camera), and Industry Vertical (Scientific Research, Surveillance, Safety & Security, Industrial Automation, Military &

Read Full Article

Source: The Street

MKSI’s decision came after Coherent chose the acquisition proposal of II-VI over Coherent and Lumentum. MKSI shares fell.

Read Full Article

Source: The Motley Fool

Is Apple’s 3D-sensing chip supplier a better bet than the iPhone maker?

Read Full Article