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NASDAQ:LITE

Lumentum (LITE) Stock Price, News & Analysis

$51.83
+1.00 (+1.97%)
(As of 07/26/2024 ET)
Today's Range
$50.57
$51.86
50-Day Range
$43.02
$59.24
52-Week Range
$35.35
$60.99
Volume
1.26 million shs
Average Volume
1.28 million shs
Market Capitalization
$3.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$53.08

Lumentum MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
2.4% Upside
$53.08 Price Target
Short Interest
Bearish
16.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
1.06mentions of Lumentum in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.64) to $0.28 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.

1.61 out of 5 stars

Computer And Technology Sector

497th out of 612 stocks

Communications Equipment, Not Elsewhere Classified Industry

9th out of 12 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

Decoding 4 Analyst Evaluations For Lumentum Holdings
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
6 Analysts Have This To Say About Lumentum Holdings
Lumentum Announces Upcoming Investor Events
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
7/26/2024
Next Earnings (Estimated)
8/15/2024
Fiscal Year End
6/30/2025

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
$53.08
High Stock Price Target
$70.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+4.7%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$-131,600,000.00
Pretax Margin
-22.76%

Debt

Sales & Book Value

Annual Sales
$1.77 billion
Cash Flow
$6.61 per share
Book Value
$19.74 per share

Miscellaneous

Free Float
67,194,000
Market Cap
$3.43 billion
Optionable
Optionable
Beta
0.88
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LITE Stock Analysis - Frequently Asked Questions

How have LITE shares performed this year?

Lumentum's stock was trading at $52.42 at the beginning of the year. Since then, LITE stock has decreased by 1.1% and is now trading at $51.83.
View the best growth stocks for 2024 here
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) posted its quarterly earnings data on Monday, May, 6th. The technology company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The technology company had revenue of $366.50 million for the quarter, compared to analysts' expectations of $366.53 million. Lumentum had a negative trailing twelve-month return on equity of 1.72% and a negative net margin of 24.91%.

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.

Who are Lumentum's major shareholders?

Lumentum's top institutional investors include Van Lanschot Kempen Investment Management N.V. (1.71%), Leeward Investments LLC MA (0.56%), Retirement Systems of Alabama (0.53%) and North Growth Management Ltd. (0.32%). Insiders that own company stock include Alan S Lowe, Wajid Ali, Matthew Joseph Sepe, Julia Suzanne Johnson, Penny Herscher and Judy G Hamel.
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.

What other stocks do shareholders of Lumentum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lumentum investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Salesforce (CRM), Intel (INTC) and QUALCOMM (QCOM).

This page (NASDAQ:LITE) was last updated on 7/26/2024 by MarketBeat.com Staff

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