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Combination expected to deliver a more than five-fold expansion in Lumentum’s cloud intra-data center served opportunity Served opportunity expected to grow at over 30% CAGR through 2028,...
By Denny Jacob Lumentum Holdings shares jumped 14% to $41.01 on Monday the following news it would acquire optical modules manufacturer Cloud Light...
Lumentum Holdings Inc. (LITE) announced on Monday that it will acquire Cloud Light Technology Limited for a transaction value of approximately $750 million. This acquisition is expected to accelerate Lumentum's penetration into the fastest-growing segments of the multibillion-dollar opportunity for optical modules utilized in cloud computing data center infrastructure.
(Reuters) - Lumentum Holdings said on Monday it would buy Hong Kong-based Cloud Light Technology for about $750 million, as the networking equipment m...
Lumentum Holdings Inc. (NASDAQ: LITE) shares are trading higher after the company announced an agreement to acquire Cloud Light for $75