Lumentum (LITE) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 2 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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.
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13 Wall Street analysts have issued 12 month target prices for Lumentum's shares. Their LITE share price forecasts range from $40.00 to $85.00. On average, they anticipate the company's share price to reach $54.90 in the next year. This suggests a possible upside of 20.8% from the stock's current price.
View analysts price targets for LITE or view top-rated stocks among Wall Street analysts.

Lumentum's stock was trading at $52.17 on January 1st, 2023. Since then, LITE stock has decreased by 12.9% and is now trading at $45.46.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our LITE earnings forecast.

Lumentum Holdings Inc. (NASDAQ:LITE) announced its quarterly earnings results on Thursday, August, 17th. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.14 by $0.02. The technology company earned $370.80 million during the quarter, compared to analyst estimates of $368.16 million. Lumentum had a positive trailing twelve-month return on equity of 12.44% and a negative net margin of 7.45%.

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), iShares U.S. Telecommunications ETF (IYZ) and iShares Future Cloud 5G and Tech ETF (IDAT).Invesco Russell 1000 Equal Weight ETF (EQAL).

Lumentum issued an update on its first quarter 2024 earnings guidance on Thursday, August, 17th. The company provided earnings per share (EPS) guidance of $0.20-$0.35 for the period, compared to the consensus EPS estimate of $0.58. The company issued revenue guidance of $300.00 million-$325.00 million, compared to the consensus revenue estimate of $369.10 million.

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.

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).

Lumentum trades on the NASDAQ under the ticker symbol "LITE."

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.
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One share of LITE stock can currently be purchased for approximately $45.46.

Lumentum (NASDAQ:LITE) has a market capitalization of $3.05 billion and generates $1.77 billion in revenue each year. The technology company earns $-131,600,000.00 in net income (profit) each year or ($1.92) on an earnings per share basis.

The company employs 7,500 workers across the globe.

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.