Lumentum Holdings Company Profile (NASDAQ:LITE)

About Lumentum Holdings (NASDAQ:LITE)

Lumentum Holdings logoLumentum Holdings Inc. is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The Company's OpComms products include a range of components, modules and subsystems to support and maintain customers in its two primary markets: Telecom and Datacom. The Company's Lasers products serve customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining, such as drilling in printed circuit boards, wafer singulation and solar cell scribing. The Company's customers include original equipment manufacturers (OEMs).

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Communications & Networking
  • Sub-Industry: N/A
  • Symbol: NASDAQ:LITE
  • CUSIP: N/A
  • Web:
  • Market Cap: $3.39 billion
  • Outstanding Shares: 61,515,000
Average Prices:
  • 50 Day Moving Avg: $58.20
  • 200 Day Moving Avg: $58.20
  • 52 Week Range: $32.90 - $60.00
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 15.92
  • P/E Growth: 0.99
Sales & Book Value:
  • Annual Revenue: $1 billion
  • Price / Sales: 3.39
  • Book Value: $10.07 per share
  • Price / Book: 5.47
  • EBIDTA: $120.6 million
  • Net Margins: -10.25%
  • Return on Equity: 18.12%
  • Return on Assets: 9.48%
  • Debt-to-Equity Ratio: 0.51%
  • Current Ratio: 5.05%
  • Quick Ratio: 4.26%
  • Average Volume: 2.05 million shs.
  • Beta: 1.03
  • Short Ratio: 4.03

Frequently Asked Questions for Lumentum Holdings (NASDAQ:LITE)

What is Lumentum Holdings' stock symbol?

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

How were Lumentum Holdings' earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) issued its quarterly earnings results on Wednesday, August, 9th. The company reported $0.39 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.18. The company earned $222.70 million during the quarter, compared to the consensus estimate of $229.45 million. Lumentum Holdings had a negative net margin of 10.25% and a positive return on equity of 18.12%. Lumentum Holdings's revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. View Lumentum Holdings' Earnings History.

When will Lumentum Holdings make its next earnings announcement?

Lumentum Holdings is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Lumentum Holdings.

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

Lumentum Holdings issued an update on its third quarter earnings guidance on Wednesday, August, 9th. The company provided earnings per share (EPS) guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.55. The company issued revenue guidance of $245-265 million, compared to the consensus revenue estimate of $271.55 million.

Where is Lumentum Holdings' stock going? Where will Lumentum Holdings' stock price be in 2017?

15 brokers have issued 1-year target prices for Lumentum Holdings' shares. Their predictions range from $44.00 to $83.00. On average, they expect Lumentum Holdings' stock price to reach $64.36 in the next year. View Analyst Ratings for Lumentum Holdings.

What are analysts saying about Lumentum Holdings stock?

Here are some recent quotes from research analysts about Lumentum Holdings stock:

  • 1. According to Zacks Investment Research, "Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company's operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California. " (8/15/2017)
  • 2. Stifel Nicolaus analysts commented, "Earlier today at the 2017 Optical Fiber Communication Conference and Exposition (OFC) in Los Angeles we met with Lumentum's CEO, Alan Lowe, and VP of Strategy and Corporate Development, Chris Coldren, with discussions focused largely on China demand, ROADM deployments, progress with the QSFP28 and CFP2-ACO, the recently announced partnership with Ciena, and 3D sensing." (3/22/2017)
  • 3. Needham & Company LLC analysts commented, "China is a bit sluggish, but it's still early. Data Comm is shifting into high gear, but the mix is shifting to shorter reach lower ASPs. Metro Core in US/EMEA is strengthening. China ROADMs may take another quarter or two to kick in. Industrial lasers look ahead of target. Pump Lasers are sold out and are strong indicators of future. And then there is 3D Sensing, which could be a major driver. We see strong legs and breadth to the optical market. Breath deep, repeat after us, "it's only the seasonally slow quarter." We expect demand to strengthen as the year progresses. We expect strengthening Data Comm, strengthening Metro Core, stronger DCI demand, and yes, we expect orders from China to strengthen and ROADM sales to kick in. Oh, and we love 3D Sensing." (3/13/2017)

Are investors shorting Lumentum Holdings?

Lumentum Holdings saw a increase in short interest in August. As of August 31st, there was short interest totalling 10,238,077 shares, an increase of 24.2% from the August 15th total of 8,241,372 shares. Based on an average daily volume of 1,909,254 shares, the days-to-cover ratio is presently 5.4 days. Currently, 17.3% of the shares of the company are short sold.

Who are some of Lumentum Holdings' key competitors?

Who are Lumentum Holdings' key executives?

Lumentum Holdings' management team includes the folowing people:

  • Martin A. Kaplan, Independent Chairman of the Board
  • Alan S. Lowe, President, Chief Executive Officer, Director
  • Aaron Tachibana, Chief Financial Officer, Executive Vice President
  • Vincent Retort, Chief Operating Officer, Executive Vice President
  • Jason Reinhardt, Executive Vice President, Global Sales and Product Line Management
  • Judy Hamel, Vice President, General Counsel, Secretary
  • Harold L. Covert Jr., Independent Director
  • Penelope A. Herscher, Independent Director
  • Brian J. Lillie, Independent Director
  • Samuel F. Thomas, Independent Director

Who owns Lumentum Holdings stock?

Lumentum Holdings' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.27%), Capital Research Global Investors (10.73%), Vanguard Group Inc. (8.72%), Bank of New York Mellon Corp (4.35%), Alliancebernstein L.P. (3.44%) and Gilder Gagnon Howe & Co. LLC (3.43%). Company insiders that own Lumentum Holdings stock include Aaron Tachibana, Alan S Lowe, Craig Cocchi, Harold L Covert, Jason Reinhardt, Judy G Hamel, Penny Herscher, Viavi Solutions Inc and Vincent Retort. View Institutional Ownership Trends for Lumentum Holdings.

Who sold Lumentum Holdings stock? Who is selling Lumentum Holdings stock?

Lumentum Holdings' stock was sold by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Sumitomo Mitsui Asset Management Company LTD, UBS Asset Management Americas Inc., State of New Jersey Common Pension Fund D, Victory Capital Management Inc., AO Asset Management LLC, Bank of Montreal Can and Whale Rock Capital Management LLC. Company insiders that have sold Lumentum Holdings stock in the last year include Aaron Tachibana, Alan S Lowe, Harold L Covert, Jason Reinhardt, Judy G Hamel, Penny Herscher and Vincent Retort. View Insider Buying and Selling for Lumentum Holdings.

Who bought Lumentum Holdings stock? Who is buying Lumentum Holdings stock?

Lumentum Holdings' stock was bought by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Columbus Circle Investors, BlackRock Inc., Gilder Gagnon Howe & Co. LLC, Lord Abbett & CO. LLC, FMR LLC, Hood River Capital Management LLC and Alliancebernstein L.P.. View Insider Buying and Selling for Lumentum Holdings.

How do I buy Lumentum Holdings stock?

Shares of Lumentum Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Lumentum Holdings' stock price today?

One share of Lumentum Holdings stock can currently be purchased for approximately $55.10.

MarketBeat Community Rating for Lumentum Holdings (NASDAQ LITE)
Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  327 (Vote Outperform)
Underperform Votes:  166 (Vote Underperform)
Total Votes:  493
MarketBeat's community ratings are surveys of what our community members think about Lumentum Holdings and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Lumentum Holdings (NASDAQ:LITE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 9 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $64.36 (16.80% upside)

Analysts' Ratings History for Lumentum Holdings (NASDAQ:LITE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/21/2017Rosenblatt SecuritiesReiterated RatingBuy$70.00LowView Rating Details
9/14/2017Piper Jaffray CompaniesReiterated RatingOverweight$68.00LowView Rating Details
9/14/2017B. RileyReiterated RatingBuy$81.00LowView Rating Details
9/7/2017Stifel NicolausReiterated RatingBuy$73.00HighView Rating Details
9/6/2017Needham & Company LLCReiterated RatingStrong-Buy$80.00LowView Rating Details
8/10/2017Jefferies Group LLCReiterated RatingBuy$63.00 -> $72.00LowView Rating Details
8/10/2017DA DavidsonReiterated RatingBuy$77.00 -> $83.00MediumView Rating Details
8/10/2017Barclays PLCBoost Price TargetEqual Weight$50.00 -> $59.00MediumView Rating Details
8/9/2017Craig HallumReiterated RatingBuy$75.00HighView Rating Details
7/10/2017Northland SecuritiesSet Price TargetHold$55.00MediumView Rating Details
4/25/2017Raymond James Financial, Inc.Reiterated RatingBuyLowView Rating Details
3/16/2017Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$38.00 -> $45.00HighView Rating Details
2/27/2017MKM PartnersReiterated RatingBuy -> Neutral$50.00N/AView Rating Details
2/22/2017Morgan StanleyBoost Price TargetUnderweight$34.00 -> $44.00N/AView Rating Details
2/8/2017J P Morgan Chase & CoReiterated RatingOverweightN/AView Rating Details
4/8/2016Drexel HamiltonInitiated CoverageHoldN/AView Rating Details
(Data available from 9/24/2015 forward)


Earnings History for Lumentum Holdings (NASDAQ:LITE)
Earnings by Quarter for Lumentum Holdings (NASDAQ:LITE)
Earnings History by Quarter for Lumentum Holdings (NASDAQ LITE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/9/2017Q4 2017$0.21$0.39$229.45 million$222.70 millionViewListenView Earnings Details
5/4/2017Q3 2017$0.37$0.49$257.22 million$255.80 millionViewListenView Earnings Details
2/7/2017Q2 2017$0.51$0.57$265.66 million$265.00 millionViewListenView Earnings Details
10/27/2016Q1$0.35$0.49$251.95 million$258.10 millionViewListenView Earnings Details
8/9/2016Q416$0.36$0.41$238.52 million$241.70 millionViewListenView Earnings Details
5/4/2016Q3$0.31$0.32$226.81 million$230.40 millionViewListenView Earnings Details
2/4/2016Q2$0.28$0.31$218.35 million$218.30 millionViewListenView Earnings Details
11/10/2015Q1$0.22$0.26$210.50 million$212.60 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Lumentum Holdings (NASDAQ:LITE)
2017 EPS Consensus Estimate: $1.58
2018 EPS Consensus Estimate: $2.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.33$0.33$0.33
Q2 20171$0.42$0.42$0.42
Q3 20171$0.36$0.36$0.36
Q4 20171$0.47$0.47$0.47
Q1 20182$0.34$0.92$0.63
Q2 20182$0.60$0.82$0.71
Q3 20182$0.51$0.61$0.56
Q4 20182$0.55$1.19$0.87
(Data provided by Zacks Investment Research)


Dividend History for Lumentum Holdings (NASDAQ:LITE)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for Lumentum Holdings (NASDAQ:LITE)
Insider Ownership Percentage: 0.76%
Institutional Ownership Percentage: 95.74%
Insider Trades by Quarter for Lumentum Holdings (NASDAQ:LITE)
Institutional Ownership by Quarter for Lumentum Holdings (NASDAQ:LITE)
Insider Trades by Quarter for Lumentum Holdings (NASDAQ:LITE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/23/2017Alan S LoweCEOSell28,095$51.20$1,438,464.00View SEC Filing  
8/23/2017Vincent RetortCOOSell14,875$51.59$767,401.25View SEC Filing  
8/17/2017Alan S LoweCEOSell7,916$52.62$416,539.92View SEC Filing  
8/15/2017Penny HerscherDirectorSell1,313$53.04$69,641.52View SEC Filing  
5/23/2017Alan S LoweCEOSell1,085$58.15$63,092.75View SEC Filing  
5/23/2017Vincent RetortCOOSell805$58.15$46,810.75View SEC Filing  
5/17/2017Aaron TachibanaCFOSell1,521$54.40$82,742.40View SEC Filing  
5/17/2017Alan S LoweCEOSell5,954$54.29$323,242.66View SEC Filing  
5/17/2017Judy G HamelGeneral CounselSell419$54.40$22,793.60View SEC Filing  
5/17/2017Vincent RetortCOOSell2,029$54.26$110,093.54View SEC Filing  
2/22/2017Alan S LoweCEOSell1,094$52.10$56,997.40View SEC Filing  
2/22/2017Vincent RetortCOOSell809$52.10$42,148.90View SEC Filing  
2/21/2017Judy G HamelGeneral CounselSell208$51.15$10,639.20View SEC Filing  
2/17/2017Alan S LoweCEOSell7,956$51.30$408,142.80View SEC Filing  
2/16/2017Aaron TachibanaCFOSell1,546$50.15$77,531.90View SEC Filing  
2/16/2017Judy G HamelGeneral CounselSell512$50.15$25,676.80View SEC Filing  
2/16/2017Vincent RetortCOOSell2,060$52.00$107,120.00View SEC Filing  
2/13/2017Judy G HamelGeneral CounselSell1,814$48.75$88,432.50View SEC Filing  
2/10/2017Harold L CovertDirectorSell12,000$47.09$565,080.00View SEC Filing  
2/10/2017Jason ReinhardtEVPSell10,000$47.80$478,000.00View SEC Filing  
1/17/2017Alan S LoweCEOSell5,221$36.05$188,217.05View SEC Filing  
11/22/2016Alan S LoweCEOSell1,093$40.50$44,266.50View SEC Filing  
11/22/2016Vincent RetortCOOSell620$40.50$25,110.00View SEC Filing  
11/17/2016Aaron TachibanaCFOSell5,180$40.10$207,718.00View SEC Filing  
11/17/2016Alan S LoweCEOSell6,113$40.68$248,676.84View SEC Filing  
11/17/2016Vincent RetortCOOSell1,578$40.45$63,830.10View SEC Filing  
9/28/2016Alan S LoweCEOSell4,351$41.82$181,958.82View SEC Filing  
9/28/2016Vincent RetortCOOSell4,643$41.84$194,263.12View SEC Filing  
9/6/2016Alan S LoweCEOSell23,610$35.45$836,974.50View SEC Filing  
8/23/2016Vincent RetortCOOSell1,523$33.96$51,721.08View SEC Filing  
8/22/2016Alan S LoweCEOSell174,222$34.03$5,928,774.66View SEC Filing  
8/19/2016Aaron TachibanaCFOSell6,086$34.64$210,819.04View SEC Filing  
8/16/2016Vincent RetortCOOSell8,114$32.59$264,435.26View SEC Filing  
7/25/2016Vincent RetortCOOSell39,473$30.00$1,184,190.00View SEC Filing  
5/26/2016Judy G HamelGeneral CounselSell492$23.98$11,798.16View SEC Filing  
5/11/2016Harold L CovertDirectorSell7,376$23.70$174,811.20View SEC Filing  
3/21/2016Viavi Solutions Inc.Major ShareholderSell500,000$25.35$12,675,000.00View SEC Filing  
2/10/2016Craig CocchiSVPSell32,754$23.63$773,977.02View SEC Filing  
12/18/2015Penny HerscherDirectorSell2,624$21.28$55,838.72View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Lumentum Holdings (NASDAQ:LITE)
Latest Headlines for Lumentum Holdings (NASDAQ:LITE)
DateHeadline logoLumentum Holdings Inc. (LITE) Given Consensus Recommendation of "Buy" by Brokerages - September 24 at 10:36 AM logoLumentum Holdings Inc (LITE) Earns "Buy" Rating from Rosenblatt Securities - September 21 at 6:58 PM logoETFs with exposure to Lumentum Holdings, Inc. : September 18, 2017 - September 18 at 8:00 PM logoLumentum Exhibits Product Innovations At ECOC 2017 - September 18 at 5:30 AM logoContrasting Lumentum Holdings (LITE) and Its Peers - September 17 at 10:32 PM logoHead-To-Head Contrast: Digi International (DGII) & Lumentum Holdings (LITE) - September 17 at 2:31 AM logoLumentum Holdings, Inc. breached its 50 day moving average in a Bullish Manner : LITE-US : September 14, 2017 - September 16 at 7:38 PM logoHead to Head Survey: Lumentum Holdings (LITE) and The Competition - September 15 at 8:58 AM logoLumentum Holdings (LITE): Strong Industry, Solid Earnings Estimate Revisions - Nasdaq - September 15 at 5:56 AM logoLumentum Holdings, Inc. :LITE-US: Earnings Analysis: Q4, 2017 By the Numbers : September 14, 2017 - September 15 at 5:56 AM logoLumentum Exhibits At Nine Tradeshows In Four Months - September 15 at 5:56 AM logoLumentum Holdings Inc. (LITE) Receives Overweight Rating from Piper Jaffray Companies - September 14 at 1:04 PM logoB. Riley Reiterates "Buy" Rating for Lumentum Holdings Inc. (LITE) - September 14 at 12:28 PM logoOne Way To Play iPhone Momentum: Lumentum - Benzinga - September 14 at 7:11 AM logoLumentum Holdings Inc. (LITE) Short Interest Up 24.2% in August - September 14 at 1:46 AM logoLumentum Slips, Analysts Ponder Apple's iPhone X Sensor Content - September 13 at 5:52 AM logo$0.53 Earnings Per Share Expected for Lumentum Holdings Inc. (LITE) This Quarter - September 9 at 12:58 PM logoETFs with exposure to Lumentum Holdings, Inc. : September 7, 2017 - September 8 at 1:27 AM logoLumentum Holdings Inc. (LITE) Rating Reiterated by Stifel Nicolaus - September 7 at 8:58 PM logoContrasting ADTRAN (ADTN) and Lumentum Holdings (LITE) - September 6 at 6:26 PM logoNeedham & Company LLC Reaffirms Strong-Buy Rating for Lumentum Holdings Inc. (LITE) - September 6 at 9:33 AM logoLumentum's '3-D Sensing' Orders $300M and Climbing, Says Needham - September 5 at 4:00 PM logoLumentum Holdings, Inc. :LITE-US: Earnings Analysis: 2017 By the Numbers : September 5, 2017 - September 5 at 4:00 PM logoEarnings Review and Free Research Report: Lumentum Holdings Q4 Fiscal 2017 Results Beat Earnings Estimates - September 2 at 5:27 AM logoLumentum Holdings Inc. (LITE) Upgraded by BidaskClub to "Hold" - August 26 at 3:42 PM logoCritical Analysis: Comtech Telecommunications Corp. (CMTL) and Lumentum Holdings (LITE) - August 26 at 8:29 AM logoLumentum et al Jump on China Mobile Optical Tender - August 24 at 8:38 AM logoAlan S. Lowe Sells 28,095 Shares of Lumentum Holdings Inc. (LITE) Stock - August 24 at 4:20 AM logoLumentum Holdings Inc. (LITE) COO Sells $767,401.25 in Stock - August 24 at 4:20 AM logoZacks: Analysts Expect Lumentum Holdings Inc. (LITE) Will Announce Quarterly Sales of $255.78 Million - August 23 at 10:22 AM logoInsider Selling: Lumentum Holdings Inc. (LITE) CEO Sells 7,916 Shares of Stock - August 22 at 1:16 PM logoBidaskClub Downgrades Lumentum Holdings Inc. (LITE) to Sell - August 19 at 5:20 PM logoLumentum Holdings, Inc. – Value Analysis (NASDAQ:LITE) : August 19, 2017 - August 18 at 8:44 PM logoApple’s iPhone Gives Little-Known Suppliers a Long-Awaited Payday - August 18 at 6:24 AM logoLumentum Holdings Inc. (LITE) Director Sells $69,641.52 in Stock - August 17 at 10:48 PM logoRumored Apple Inc. Supplier Talks 3D Sensing - August 15 at 1:05 AM logoLumentum Holdings Inc. (LITE) Rating Reiterated by B. Riley - August 13 at 6:32 PM logoSee what the IHS Markit Score report has to say about Lumentum Holdings Inc. - August 12 at 7:27 PM logoLumentum: China Woes; High Hopes For 3-D Sensing - Barron's - Barron's - August 12 at 2:39 AM logoLumentum Q4: Take Aways - Seeking Alpha - August 12 at 2:39 AM logoLumentum Holdings Inc. (NASDAQ:LITE) Announces Earnings Results - August 11 at 2:06 PM logoLumentum: China Woes; High Hopes For 3-D Sensing - August 11 at 6:07 AM logoNeedham & Company LLC Reaffirms "Strong-Buy" Rating for Lumentum Holdings Inc. (NASDAQ:LITE) - August 10 at 9:34 PM logoLumentum Holdings Inc. (LITE) Earns Buy Rating from Jefferies Group LLC - August 10 at 7:46 PM logoLumentum Holdings Inc. (LITE) Rating Reiterated by DA Davidson - August 10 at 7:02 PM logoIJT, LITE, EVR, STL: ETF Inflow Alert - Nasdaq - August 10 at 2:27 AM logoRosenblatt raises Lumentum price target - Seeking Alpha - August 10 at 2:27 AM logoLumentum Gaps Up But Reverses Lower; Will Apple Bite For iPhone 8? - August 10 at 2:26 AM logoLumentum Announces Fiscal Fourth Quarter And Full Year 2017 Results - August 10 at 2:26 AM logoEdited Transcript of LITE earnings conference call or presentation 9-Aug-17 12:30pm GMT - August 10 at 2:26 AM



Lumentum Holdings (LITE) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by Staff