Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Lumentum Holdings Inc. (NASDAQ:LITE) resulting from allegations that Lumentum may have issued materially misleading business information to the investing public.
On April 16, 2018, Reuters 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. On this news, shares of Lumentum fell $5.83 per share or over 9% to close at $58.47 per share on April 16, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Lumentum investors. If you purchased shares of Lumentum please visit the firm’s website at http://www.rosenlegal.com/cases-1323.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was ranked No. 1 in the Nation for Number of Securities Class Action Settlements in 2017. The firm has been ranked in the Top 3 each year since 2013.
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Lumentum Holdings is a provider of optical and photonic products addressing a range of end-market applications including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers for manufacturing, inspection and life-science applications. The company operates in two segments: Optical Communications, which includes products such as components, modules and subsystems that address the Telecom and Datacom markets as well as its laser light sources for mobile devices, gaming, computers, and industrial segments in the consumer and industrial markets; and Commercial Lasers, which provides high-powered and ultrafast lasers for the industrial and scientific markets.
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LUMENTUM HOLDINGS INCO. (US), a company active in the Computer Hardware industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date September 18, 2018, the closing price was USD 60.40 and its expected value was estimated...
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