Lumentum (LITE) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 6 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.

13 Wall Street research analysts have issued 1-year price objectives for Lumentum's shares. Their LITE share price forecasts range from $40.00 to $85.00. On average, they anticipate the company's stock price to reach $54.90 in the next year. This suggests a possible upside of 18.3% from the stock's current price.
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Lumentum's stock was trading at $52.17 on January 1st, 2023. Since then, LITE shares have decreased by 11.0% and is now trading at $46.41.
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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) issued its quarterly earnings data on Thursday, August, 17th. The technology company reported $0.12 earnings per share (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 the consensus estimate of $368.16 million. Lumentum had a negative net margin of 7.45% and a positive trailing twelve-month return on equity of 12.44%.

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 updated 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."

Lumentum's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (5.58%), Capital Research Global Investors (2.11%), Earnest Partners LLC (1.87%), Geode Capital Management LLC (1.54%), Dimensional Fund Advisors LP (1.35%) and Charles Schwab Investment Management Inc. (1.09%). Insiders that own company stock include Alan S Lowe, Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher, Vincent Retort and Wajid Ali.
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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 $46.41.

Lumentum (NASDAQ:LITE) has a market capitalization of $3.10 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.