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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
Would Buffett Approve of This Growth Strategy? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
META's Outperformance Last Week Points to Imminent Breakout
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
Would Buffett Approve of This Growth Strategy? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
META's Outperformance Last Week Points to Imminent Breakout
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
Would Buffett Approve of This Growth Strategy? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
META's Outperformance Last Week Points to Imminent Breakout
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
NASDAQ:LITE

Lumentum (LITE) Stock Forecast, Price & News

$46.41
-0.21 (-0.45%)
(As of 09/22/2023 08:52 PM ET)
Compare
Today's Range
$46.22
$47.39
50-Day Range
$46.20
$54.13
52-Week Range
$42.00
$75.56
Volume
1.17 million shs
Average Volume
1.39 million shs
Market Capitalization
$3.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$54.90

Lumentum MarketRank™ Forecast

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
18.3% Upside
$54.90 Price Target
Short Interest
Bearish
14.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
1.00mentions of Lumentum in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
706.67%
From $0.30 to $2.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Computer And Technology Sector

353rd out of 583 stocks

Communications Equipment, Not Elsewhere Classified Industry

7th out of 10 stocks


LITE stock logo

About Lumentum (NASDAQ:LITE) Stock

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 Price History

LITE Stock News Headlines

Contrasting Lumentum (NASDAQ:LITE) and ZTE (OTCMKTS:ZTCOF)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
The Latest Analyst Ratings for Lumentum Holdings
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
Lumentum Stock Falls on Weak Guidance
Lumentum (LITE) Beats Q4 Earnings and Revenue Estimates
Lumentum: Fiscal Q4 Earnings Snapshot
Lumentum Slips To Loss In Q4, Sees Q1 Results Below View; Stock Down
Preview: Lumentum Holdings's Earnings
Why Lumentum Stock Is Sinking Today
Lumentum Holdings Inc. (LITE)
See More Headlines
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LITE Company Calendar

Last Earnings
8/17/2023
Today
9/24/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
6/30/2024

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 Forecast
$54.90
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+18.3%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
13 Analysts

Profitability

Net Income
$-131,600,000.00
Pretax Margin
-5.80%

Debt

Sales & Book Value

Annual Sales
$1.77 billion
Cash Flow
$6.88 per share
Book Value
$19.74 per share

Miscellaneous

Free Float
66,367,000
Market Cap
$3.10 billion
Optionable
Optionable
Beta
1.05
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Key Executives

  • Mr. Alan S. LoweMr. Alan S. Lowe (Age 61)
    Pres, CEO & Director
    Comp: $1.89M
  • Mr. Wajid Ali B.A.Mr. Wajid Ali B.A. (Age 50)
    C.M.A., M.A., M.B.A., Exec. VP & CFO
    Comp: $952.28k
  • Mr. Vincent Retort (Age 69)
    Exec. VP & COO
    Comp: $957.2k
  • Ms. Judy G. HamelMs. Judy G. Hamel (Age 57)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $775.06k
  • Mr. Jason ReinhardtMr. Jason Reinhardt (Age 49)
    Exec. VP and GM of Imaging & Sensing
    Comp: $832.9k
  • Mr. Matthew Joseph SepeMr. Matthew Joseph Sepe
    VP of Fin., Corp. Controller & Chief Accounting Officer
  • Kathryn Ta
    VP of Investor Relations
  • Mr. Christopher W. Coldren (Age 52)
    Sr. VP and Chief Strategy & Corp. Devel. Officer
  • Mr. Andrea Milani
    Sr. VP of Global Sales
  • Ms. Caroline Pan
    Sr. VP & Chief Marketing Officer













LITE Stock - Frequently Asked Questions

Should I buy or sell Lumentum stock right now?

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.

What is Lumentum's stock price forecast for 2023?

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.
View analysts price targets for LITE
or view top-rated stocks among Wall Street analysts.

How have LITE shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Lumentum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our LITE earnings forecast
.

How were Lumentum's earnings last quarter?

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%.

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

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.

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).

What is Lumentum's stock symbol?

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

Who are Lumentum's major shareholders?

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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $46.41.

How much money does Lumentum make?

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.

How many employees does Lumentum have?

The company employs 7,500 workers across the globe.

How can I contact Lumentum?

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.

This page (NASDAQ:LITE) was last updated on 9/25/2023 by MarketBeat.com Staff

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