Lumentum Holdings Inc.: Potential Market Growth through New Applications and Partnerships! 

Lumentum Holdings, a company providing various photonic components and technologies, reported some mixed results for the second quarter of their fiscal year 2024. For one, the company saw some promising growth through their very recent acquisition of Cloud Light, a provider of high[1]speed transceivers. Since the acquisition, already significant traction with new customers on Data Center opportunities has given Lumentum much optimism about Cloud Light’s future contributions. Indeed, post-acquisition shipments from Cloud Light contributed a substantial $59.5 million to the overall total even though the acquisition was only finalised partway through the quarter. Lumentum expects even stronger shipments in the future.