Most-Downgraded StocksMost-DowngradedNASDAQ:LITE Lumentum (LITE) Stock Forecast, Price & News $51.06 -0.02 (-0.04%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$50.42▼$51.8350-Day Range$42.22▼$54.8652-Week Range$42.00▼$96.46Volume784,320 shsAverage Volume1.09 million shsMarket Capitalization$3.50 billionP/E RatioN/ADividend YieldN/APrice Target$58.27 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Lumentum MarketRank™ ForecastAnalyst RatingHold2.38 Rating ScoreUpside/Downside14.1% Upside$58.27 Price TargetShort InterestBearish10.17% of Float Sold ShortDividend StrengthN/ASustainability-1.73Upright™ Environmental ScoreNews Sentiment0.52Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth-27.17%From $2.76 to $2.01 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.81 out of 5 starsComputer And Technology Sector424th out of 599 stocksCommunications Equipment, Not Elsewhere Classified Industry7th out of 12 stocks 3.2 Analyst's Opinion Consensus RatingLumentum has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 5 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $58.27, Lumentum has a forecasted upside of 14.1% from its current price of $51.06.Amount of Analyst CoverageLumentum has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.17% of the float of Lumentum has been sold short.Short Interest Ratio / Days to CoverLumentum has a short interest ratio ("days to cover") of 5.9.Change versus previous monthShort interest in Lumentum has recently increased by 15.92%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldLumentum does not currently pay a dividend.Dividend GrowthLumentum does not have a long track record of dividend growth. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLumentum has received a 21.94% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Routers", "Network switches", and "Optical transceivers" products. See details.Environmental SustainabilityThe Environmental Impact score for Lumentum is -1.73. Previous Next 3.1 News and Social Media Coverage News SentimentLumentum has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Lumentum this week, compared to 5 articles on an average week.Search Interest12 people have searched for LITE on MarketBeat in the last 30 days. This is an increase of 140% compared to the previous 30 days.MarketBeat Follows2 people have added Lumentum to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lumentum insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.50% of the stock of Lumentum is held by insiders.Percentage Held by Institutions92.46% of the stock of Lumentum is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Lumentum are expected to decrease by -27.17% in the coming year, from $2.76 to $2.01 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lumentum is -92.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Lumentum is -92.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioLumentum has a PEG Ratio of 3.28. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioLumentum has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Lumentum (NASDAQ:LITE) StockLumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses on serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015, and is headquartered in San Jose, CA.Read More Receive LITE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lumentum and its competitors with MarketBeat's FREE daily newsletter. Email Address LITE Stock News HeadlinesJune 8, 2023 | finance.yahoo.comLumentum Holdings (NASDAQ:LITE shareholders incur further losses as stock declines 4.0% this week, taking one-year losses to 42%June 8, 2023 | americanbankingnews.comLumentum (NASDAQ:LITE) Shares Gap Down to $51.42June 9, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>June 3, 2023 | americanbankingnews.comBrokerages Set Lumentum Holdings Inc. (NASDAQ:LITE) Price Target at $58.27June 3, 2023 | americanbankingnews.comLumentum (NASDAQ:LITE) Downgraded by StockNews.com to SellMay 30, 2023 | seekingalpha.comWhy Lumentum Is A Buy In 2024May 25, 2023 | fool.comLumentum (NASDAQ: LITE)May 24, 2023 | msn.comLooking Into Lumentum Holdings's Return On Capital EmployedJune 9, 2023 | Behind the Markets (Ad)WARNING: Do You Invest with these BanksTake a close look at the investment banks above. Because if you have stocks with any of these brokerages... These new political developments WILL affect you.May 18, 2023 | americanbankingnews.comLumentum (NASDAQ:LITE) Research Coverage Started at StockNews.comMay 13, 2023 | americanbankingnews.comLumentum (NASDAQ:LITE) PT Lowered to $55.00May 13, 2023 | msn.comMorgan Stanley Maintains Lumentum Holdings (LITE) Equal-Weight RecommendationMay 12, 2023 | msn.comRosenblatt Reiterates Lumentum Holdings (LITE) Neutral RecommendationMay 12, 2023 | americanbankingnews.comLumentum (NASDAQ:LITE) PT Lowered to $62.00May 11, 2023 | msn.comLoop Capital Maintains Lumentum Holdings (LITE) Buy RecommendationMay 11, 2023 | marketwatch.com8-K: Lumentum Holdings Inc.May 11, 2023 | markets.businessinsider.comRosenblatt Securities Keeps Their Hold Rating on Lumentum Holdings (LITE)May 10, 2023 | msn.comLumentum FQ3 2023 Earnings PreviewMay 10, 2023 | au.investing.comLumentum Holdings cut at Barclays after one reset too manyMay 10, 2023 | cnbc.comBarclays downgrades shares of this laser maker following 'one too many resets'May 10, 2023 | markets.businessinsider.comAnalysts Are Bullish on These Industrial Goods Stocks: Timken Company (TKR), Lumentum Holdings (LITE)May 10, 2023 | markets.businessinsider.comLumentum Holdings (LITE) was downgraded to a Hold Rating at BarclaysMay 10, 2023 | msn.comLumentum dips as Barclays downgrades, citing 'one too many resets'May 10, 2023 | americanbankingnews.comLumentum (NASDAQ:LITE) Downgraded by Barclays to Equal WeightMay 9, 2023 | finance.yahoo.comLumentum Stock Falls After Q3 Performance, Lukewarm Outlook: The DetailsMay 9, 2023 | finance.yahoo.comLumentum (LITE) Q3 Earnings and Revenues Lag EstimatesMay 9, 2023 | seekingalpha.comLumentum Holdings Inc. (LITE) Q3 2023 Earnings Call TranscriptSee More Headlines LITE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LITE Company Calendar Last Earnings5/09/2023Today6/09/2023Fiscal Year End6/30/2023Next Earnings (Estimated)8/15/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communications equipment, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:LITE Previous SymbolNASDAQ:LITEV CUSIPN/A CIK1633978 Webwww.lumentum.com Phone(408) 546-5483FaxN/AEmployees6,815Year FoundedN/APrice Target and Rating Average Stock Price Forecast$58.27 High Stock Price Forecast$85.00 Low Stock Price Forecast$40.00 Forecasted Upside/Downside+14.1%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($0.55) Trailing P/E RatioN/A Forward P/E Ratio18.51 P/E Growth3.28Net Income$198.90 million Net Margins-2.02% Pretax Margin-1.09% Return on Equity16.02% Return on Assets5.99% Debt Debt-to-Equity Ratio1.24 Current Ratio3.20 Quick Ratio2.67 Sales & Book Value Annual Sales$1.71 billion Price / Sales2.04 Cash Flow$8.75 per share Price / Cash Flow5.84 Book Value$27.17 per share Price / Book1.88Miscellaneous Outstanding Shares68,500,000Free Float68,158,000Market Cap$3.50 billion OptionableOptionable Beta1.08 Key ExecutivesAlan S. LowePresident, Chief Executive Officer & DirectorVincent RetortChief Operating Officer & Executive Vice PresidentWajid AliChief Financial Officer & Executive VPRalph LouraChief Information Officer & Senior VP-ITJason ReinhardtChief Transformation Officer & Executive VPKey CompetitorsIridium CommunicationsNASDAQ:IRDMASGNNYSE:ASGNWeiboNASDAQ:WBNCRNYSE:NCRViasatNASDAQ:VSATView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 2,311 shares on 5/26/2023Ownership: 0.008%Front Street Capital Management Inc.Sold 4,406 shares on 5/16/2023Ownership: 0.176%IMA Wealth Inc.Sold 479 shares on 5/16/2023Ownership: 0.037%First Manhattan CO. LLC.Bought 300 shares on 5/16/2023Ownership: 0.013%Snowden Capital Advisors LLCBought 572 shares on 5/16/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions LITE Stock - Frequently Asked Questions Should I buy or sell Lumentum stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LITE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LITE, but not buy additional shares or sell existing shares. View LITE analyst ratings or view top-rated stocks. What is Lumentum's stock price forecast for 2023? 13 brokerages have issued twelve-month price objectives for Lumentum's stock. Their LITE share price forecasts range from $40.00 to $85.00. On average, they anticipate the company's stock price to reach $58.27 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price. View analysts price targets for LITE or view top-rated stocks among Wall Street analysts. How have LITE shares performed in 2023? Lumentum's stock was trading at $52.17 at the start of the year. Since then, LITE shares have decreased by 2.1% and is now trading at $51.08. View the best growth stocks for 2023 here. When is Lumentum's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023. View our LITE earnings forecast. How were Lumentum's earnings last quarter? Lumentum Holdings Inc. (NASDAQ:LITE) released its earnings results on Tuesday, May, 9th. The technology company reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. The technology company earned $383.40 million during the quarter, compared to analysts' expectations of $393.08 million. Lumentum had a positive trailing twelve-month return on equity of 16.02% and a negative net margin of 2.02%. What ETFs hold Lumentum's stock? ETFs with the largest weight of Lumentum (NASDAQ:LITE) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Inverse Cramer Tracker ETF (SJIM), iShares U.S. Telecommunications ETF (IYZ), iShares Future Cloud 5G and Tech ETF (IDAT), 2ndVote Life Neutral Plus ETF (LYFE), ProShares Metaverse ETF (VERS) and Pacer US Export Leaders ETF (PEXL). What guidance has Lumentum issued on next quarter's earnings? Lumentum issued an update on its fourth quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $0.45-$0.65 for the period, compared to the consensus EPS estimate of $0.79. The company issued revenue guidance of $350.00 million-$380.00 million, compared to the consensus revenue estimate of $377.45 million. What is Alan Lowe's approval rating as Lumentum's CEO? 64 employees have rated Lumentum Chief Executive Officer Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among the company's employees. What other stocks do shareholders of Lumentum own? Based on aggregate information from My MarketBeat watchlists, some companies that other Lumentum investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Salesforce (CRM), Intel (INTC), QUALCOMM (QCOM), Block (SQ), Walt Disney (DIS) and Cisco Systems (CSCO). What is Lumentum's stock symbol? Lumentum trades on the NASDAQ under the ticker symbol "LITE." Who are Lumentum's major shareholders? Lumentum's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (2.85%), Geode Capital Management LLC (1.48%), Dimensional Fund Advisors LP (1.40%), Robeco Schweiz AG (1.07%), Charles Schwab Investment Management Inc. (1.04%) and Fisher Asset Management LLC (1.03%). Insiders that own company stock include Alan S Lowe, Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort and Wajid Ali. View institutional ownership trends. How do I buy shares of Lumentum? Shares of LITE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Lumentum's stock price today? One share of LITE stock can currently be purchased for approximately $51.08. How much money does Lumentum make? Lumentum (NASDAQ:LITE) has a market capitalization of $3.50 billion and generates $1.71 billion in revenue each year. The technology company earns $198.90 million in net income (profit) each year or ($0.55) on an earnings per share basis. How many employees does Lumentum have? The company employs 6,815 workers across the globe. How can I contact Lumentum? Lumentum's mailing address is 400 NORTH MCCARTHY BOULEVARD, MILPITAS CA, 95035. The official website for the company is www.lumentum.com. The technology company can be reached via phone at (408) 546-5483 or via email at investor.relations@lumentum.com. This page (NASDAQ:LITE) was last updated on 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Lumentum Holdings Inc. 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