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NASDAQ:LITE

Lumentum (LITE) Stock Price, News & Analysis

$44.88
-1.40 (-3.03%)
(As of 05/28/2024 ET)
Today's Range
$44.83
$46.64
50-Day Range
$41.34
$51.08
52-Week Range
$35.35
$65.16
Volume
1.03 million shs
Average Volume
1.40 million shs
Market Capitalization
$3.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$52.25

Lumentum MarketRank™ Stock Analysis

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
16.4% Upside
$52.25 Price Target
Short Interest
Bearish
14.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
1.47mentions of Lumentum in the last 14 days
Based on 7 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.

3.52 out of 5 stars

Computer And Technology Sector

254th out of 603 stocks

Communications Equipment, Not Elsewhere Classified Industry

5th 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

3 Sorry Nasdaq Stocks to Sell in May While You Still Can
6 Analysts Have This To Say About Lumentum Holdings
Lumentum Announces Upcoming Investor Events
Lumentum earnings preview: what Wall Street is expecting
LITE Crosses Below Key Moving Average Level
Lumentum Holdings Inc LITE
See More Headlines
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Company Calendar

Last Earnings
5/06/2024
Today
5/28/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/15/2024

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
$52.25
High Stock Price Target
$65.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+16.4%
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
$6.67 per share
Book Value
$19.74 per share

Miscellaneous

Free Float
67,194,000
Market Cap
$3.03 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 brokers have issued twelve-month price objectives for Lumentum's shares. Their LITE share price targets range from $38.00 to $65.00. On average, they anticipate the company's share price to reach $52.25 in the next year. This suggests a possible upside of 16.4% 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 start of the year. Since then, LITE shares have decreased by 14.4% and is now trading at $44.88.
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 Thursday, August 15th 2024.
View our LITE earnings forecast
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) announced its earnings results on Monday, May, 6th. The technology company reported ($0.18) EPS for the quarter, hitting analysts' consensus estimates 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 guidance has Lumentum issued on next quarter's earnings?

Lumentum issued an update on its fourth quarter 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of -0.050-0.100 for the period, compared to the consensus EPS estimate of 0.140. The company issued revenue guidance of $290.0 million-$315.0 million, compared to the consensus revenue estimate of $331.4 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.71%), Earnest Partners LLC (2.50%), Swedbank AB (2.22%), Robeco Schweiz AG (1.25%), Retirement Systems of Alabama (0.53%) and Leeward Investments LLC MA (0.53%). 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 5/29/2024 by MarketBeat.com Staff

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