Lumentum Holdings Issues $1.265 Billion Convertible Notes

Lumentum Holdings ( (LITE) ) has provided an update.

On September 8, 2025, Lumentum Holdings Inc. issued $1.265 billion in 0.375% Convertible Senior Notes due 2032. The proceeds will be used for capped call transactions, repurchasing existing notes, and general corporate purposes. The issuance is expected to impact Lumentum’s financial strategy by managing existing debt and potentially reducing stock dilution.

The most recent analyst rating on (LITE) stock is a Buy with a $145.00 price target. To see the full list of analyst forecasts on Lumentum Holdings stock, see the LITE Stock Forecast page.

Spark’s Take on LITE Stock

According to Spark, TipRanks’ AI Analyst, LITE is a Neutral.

Lumentum Holdings’ overall stock score reflects a strong technical analysis and positive earnings call sentiment, indicating growth potential, particularly in the Cloud & Networking segment. However, substantial financial challenges, including declining revenue and increased leverage, weigh heavily on the score. Valuation concerns, highlighted by a negative P/E ratio, further impact the score. The company’s ability to execute strategic improvements will be crucial in addressing these risks.

To see Spark’s full report on LITE stock, click here.

More about Lumentum Holdings

Lumentum Holdings Inc. is a leading designer and manufacturer of optical and photonic products, enabling optical networking and laser applications globally. Their products are integral to telecom, enterprise, and data center networks, and their lasers support advanced manufacturing and next-gen imaging and sensing applications. The company is headquartered in San Jose, California, with R&D, manufacturing, and sales offices worldwide.

Average Trading Volume: 2,782,157

Technical Sentiment Signal: Buy

Current Market Cap: $10.45B

For a thorough assessment of LITE stock, go to TipRanks’ Stock Analysis page.