NASDAQ:LITE

Lumentum (LITE) Stock Price, News & Analysis

$41.34
-0.40 (-0.96%)
(As of 04/22/2024 ET)
Today's Range
$40.74
$41.91
50-Day Range
$41.34
$51.08
52-Week Range
$35.35
$65.16
Volume
946,527 shs
Average Volume
924,740 shs
Market Capitalization
$2.79 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$52.69

Lumentum MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
27.5% Upside
$52.69 Price Target
Short Interest
Bearish
16.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
1.15mentions of Lumentum in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$487,525 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.64) to $0.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.24 out of 5 stars

Computer And Technology Sector

151st out of 592 stocks

Communications Equipment, Not Elsewhere Classified Industry

2nd out of 10 stocks

LITE stock logo

About Lumentum Stock (NASDAQ:LITE)

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers, such as argon-ion and helium-neon lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, solar cell processing, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.

LITE Stock Price History

LITE Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
LITE Crosses Below Key Moving Average Level
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Lumentum Holdings Inc LITE
LITE Apr 2024 65.000 call
LITE Apr 2024 47.500 put
LITE Factor-Based Stock Analysis
LITE Apr 2024 50.000 call
LITE Apr 2024 55.000 put
Lumentum's layoffs impact 82 Bay Area workers
LITE Dec 2025 80.000 put
LITE May 2024 55.000 call
LITE May 2024 50.000 put
LITE Sep 2024 30.000 put
LITE Jan 2026 30.000 put
LITE Jan 2025 75.000 call
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/22/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:LITE
Previous Symbol
NASDAQ:LITEV
Fax
N/A
Employees
7,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.69
High Stock Price Target
$65.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+27.5%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$-131,600,000.00
Pretax Margin
-18.41%

Debt

Sales & Book Value

Annual Sales
$1.77 billion
Cash Flow
$6.81 per share
Book Value
$19.74 per share

Miscellaneous

Free Float
66,996,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
1.09
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LITE Stock Analysis - Frequently Asked Questions

Should I buy or sell Lumentum stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 7 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 target for 2024?

12 equities research analysts have issued 12 month target prices for Lumentum's stock. Their LITE share price targets range from $41.00 to $65.00. On average, they expect the company's stock price to reach $52.69 in the next year. This suggests a possible upside of 27.5% 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 2024?

Lumentum's stock was trading at $52.42 at the beginning of 2024. Since then, LITE stock has decreased by 21.1% and is now trading at $41.34.
View the best growth stocks for 2024 here
.

When is Lumentum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our LITE earnings forecast
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) released its quarterly earnings data on Thursday, February, 8th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.07. The technology company earned $366.80 million during the quarter, compared to the consensus estimate of $363.44 million. Lumentum had a positive trailing twelve-month return on equity of 1.04% and a negative net margin of 18.52%.

What guidance has Lumentum issued on next quarter's earnings?

Lumentum issued an update on its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 0.200-0.350 for the period, compared to the consensus estimate of 0.320. The company issued revenue guidance of $350.0 million-$380.0 million, compared to the consensus revenue estimate of $379.2 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).

Who are Lumentum's major shareholders?

Lumentum's stock is owned by many different retail and institutional investors. Top institutional shareholders include Leeward Investments LLC MA (0.53%), F&V Capital Management LLC (0.21%), Thompson Investment Management Inc. (0.11%), Bridge City Capital LLC (0.05%), Romano Brothers AND Company (0.03%) and Mcdonald Partners LLC (0.03%). Insiders that own company stock include Alan S Lowe, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:LITE) was last updated on 4/23/2024 by MarketBeat.com Staff

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