Earnings Review and Free Research Report: Lumentum Holdings Q4 Fiscal 2017 Results Beat Earnings Estimates

Research Desk Line-up: Network-1 Technologies Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 1, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Lumentum Holdings Inc. (NASDAQ: LITE), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=LITE, following the Company’s reporting of its Q4 FY17 and full fiscal 2017 results on August 09, 2017. The Company reported record revenue for fiscal year 2017 of over $1 billion, and non-GAAP operating margin of 9.2% in Q4 FY17. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Communication Equipment industry. Pro-TD has currently selected Network-1 Technologies, Inc. (NYSE American: NTIP) for due-diligence and potential coverage as the Company announced on August 14, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Network-1 Technologies when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on LITE; also brushing on NTIP. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

Lumentum had generated net revenue of $222.7 million for Q4 of fiscal 2017 compared to $241.7 million for the same quarter of the last fiscal year; a drop of 7.9% y-o-y. The Company saw gross profits of $67.3 million in fourth quarter 2017 compared to $79.5 million in Q4 of fiscal 2016; a decrease of 15.3% y-o-y.

Income from operations was $3.9 million for Q4 of fiscal 2017 compared to $10.1 million in Q4 of fiscal 2016; a decrease of 61.4% y-o-y.

EBITDA attained by the Company in fourth quarter of fiscal 2017 was negative $9.3 million compared to $28.6 million in the same quarter last fiscal. Lumentum also reported adjusted EBITDA of $35.5 million in Q4 FY17 against $40.3 million in Q4 FY16; a decrease of 11.9% y-o-y.

Lumentum saw a net loss of $54.9 million in Q4 of fiscal 2017 compared to a net income of $14.3 million in the corresponding quarter of FY16.

The Company’s net loss per share (diluted) in Q4 of FY17 was $0.90 compared to earnings per share of $0.23 in the corresponding quarter of the last fiscal year.

However, net income on non-GAAP basis for Q4 of FY17 was $25.0 million compared to $25.4 million in the same quarter of FY16, while earnings per share (EPS) on a non-GAAP basis were $0.39 in Q4 FY17 compared to $ 0.41 in same quarter of FY16.

Lumentum beat Wall Street’s non-GAAP EPS estimates of $0.34, but missed revenue estimates of $229.3 million.

Lumentum’s Segment Information

The Optical Communications segment generated $186.8 million in revenues which was 83.9% of the total revenues for Q4 FY17. For the entire fiscal 2017, the segment generated total revenues of $857.8 million compared to $761.3 million for the last fiscal year; a 12.7% y-o-y increase.

In its Lasers Business segment, the Company generated revenues of $35.9 million which were 16.1% of the total revenues for Q4 FY17. For entire FY17, the segment generated revenues of $143.8 million compared to $141.7 million in the last fiscal year; a growth of 1.5% y-o-y.

Cash Matters

For entire of fiscal 2017, Lumentum generated net cash from operating activities to the tune of $85.0 million compared to $86.6 million in last fiscal year. The Company used $425.7 million in cash in investing activities compared to expenditure of $82.0 million in fiscal 2016.

Lumentum generated cash flows of $456.7 million from its financing activities in fiscal 2017 compared to $136.4 million in the last fiscal year.

The cash and cash equivalents remaining with the Company at end of FY17 was $272.9 million compared to $157.1 million at the end of the last fiscal year.

Outlook

With respect to the first quarter of fiscal 2018, the Company expects net revenue to be in the range of $245 million to $265 million, non-GAAP operating margin to be 13.0% to 15.0%, and non-GAAP diluted earnings per share to be $0.50 to $0.60 per share.

Stock Performance

At the closing bell, on Thursday, August 31, 2017, Lumentum’s stock rose slightly by 0.09%, ending the trading session at $56.85. A total volume of 2.36 million shares have exchanged hands, which was higher than the 3-month average volume of 1.91 million shares. The Company’s stock price skyrocketed 21.73% in the past six months and 61.87% in the previous twelve months. Moreover, the stock soared 47.09% since the start of the year. The stock currently has a market cap of $3.54 billion.

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