Lumentum Holdings Inc (NAS:LITE)

$ 46.3486 -0.8414 (-1.78%) Market Cap: 3.13 Bil Enterprise Value: 4.89 Bil PE Ratio: 0 PB Ratio: 2.66 GF Score: 79/100

Lumentum Holdings Inc at Nasdaq Virtual Investor Conference Transcript

Dec 01, 2020 / 04:30PM GMT

Release Date Price: $86.97 (+0.68%)

Transcript

Meta A. Marshall

Morgan Stanley, Research Division - VP

Thanks, everybody, for joining. I'm going to -- I'm Meta Marshall. I laid up the networking coverage here at Morgan Stanley. We're pleased to here -- to have Lumentum here today. We have Alan Lowe, President and CEO; Chris Coldren, SVP of Strategy & Corporate Development; and Jim Fanucchi, who works on the IR team.

I'm going to start with a brief disclosure. So for important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your MS Sales representative. So let's jump in with questions.You guys have had a really phenomenal transformation over the past couple of years, moving from high 40s gross margins to -- and 20s operating margins from low 30s and single-digit operating margins pre-Oclaro acquisition.

How much of this accretion do you think was just due to acquiring the portfolio to higher margin products? Or what was kind of optimization you were able to do as a result of the Oclaro acquisition?

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