An investigation for investors in Lumentum Holdings Inc. (NASDAQ: LITE) shares over potential securities laws violations by Lumentum Holdings Inc. was announced
San Diego, CA -- (SBWIRE) -- 04/30/2018 -- An investigation was announced for investors of Lumentum Holdings Inc. (NASDAQ: LITE) shares concerning possible securities laws violations by Lumentum Holdings Inc. and certain of its directors and officers
Investors who purchased shares of Lumentum Holdings Inc. (NASDAQ: LITE), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Lumentum Holdings Inc. (NASDAQ: LITE) concerning whether a series of statements by Lumentum Holdings Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Milpitas, CA based Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Lumentum Holdings Inc. reported that its Total Revenue rose from $903 million for the 12 months period that ended on July 2, 2016 to over $1 billion for the 12 months period that ended on July 1, 2017 and that its Net Income of $9.3 million turned into a Net Loss of $102.5 million over those respective time periods.
Shares of Lumentum Holdings Inc. (NASDAQ: LITE) grew from $14.25 per share in October 2015 to as high as $74.40 per share in March 2018.
On April 16, 2018, it was reported that the U.S. Department of Commerce has banned American companies, including Lumentum, from selling components to Chinese telecom equipment maker ZTE Corporation for seven years after ZTE violated the terms of an agreement relating to a U.S. sanctions violation case.
Lumentum Holdings Inc. (NASDAQ: LITE) declined on April 23, 2018 to as low as $53.50 per share.
Those who purchased shares of Lumentum Holdings Inc. (NASDAQ: LITE) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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