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S&P 500   3,818.83
DOW   31,029.31
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S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$80.61
+0.20 (+0.25%)
(As of 06/29/2022 12:00 AM ET)
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Today's Range
$79.71
$81.08
50-Day Range
$75.21
$90.53
52-Week Range
$73.97
$108.90
Volume
1.34 million shs
Average Volume
998,643 shs
Market Capitalization
$5.56 billion
P/E Ratio
32.77
Dividend Yield
N/A
Price Target
$110.92
30 days | 90 days | 365 days | Advanced Chart

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LITE Stock Forecast (MarketRank)

Overall MarketRank

2.69 out of 5 stars

Computer And Technology Sector

131st out of 937 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 20 stocks

Analyst Opinion: 3.5Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Lumentum logo

About Lumentum (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 in 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 for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.

LITE Stock News Headlines

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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
5,618
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Today
6/29/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/17/2022

Price Target and Rating

Average Stock Price Forecast
$110.92
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
+37.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92307692307692
Research Coverage
13 Analysts

Profitability

Net Income
$397.30 million
Pretax Margin
13.46%

Debt

Sales & Book Value

Annual Sales
$1.74 billion
Cash Flow
$8.26 per share
Book Value
$25.99 per share

Miscellaneous

Free Float
68,793,000
Market Cap
$5.56 billion
Optionable
Optionable
Beta
0.90














Lumentum Frequently Asked Questions

Should I buy or sell Lumentum stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Lumentum stock.
View analyst ratings for Lumentum
or view top-rated stocks.

What is Lumentum's stock price forecast for 2022?

13 brokers have issued 12 month price objectives for Lumentum's stock. Their LITE stock forecasts range from $93.00 to $125.00. On average, they anticipate Lumentum's share price to reach $110.92 in the next twelve months. This suggests a possible upside of 37.6% from the stock's current price.
View analysts' price targets for Lumentum
or view top-rated stocks among Wall Street analysts.

How has Lumentum's stock price performed in 2022?

Lumentum's stock was trading at $105.77 on January 1st, 2022. Since then, LITE stock has decreased by 23.8% and is now trading at $80.61.
View the best growth stocks for 2022 here
.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) issued its quarterly earnings data on Wednesday, May, 4th. The technology company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. The technology company earned $395.40 million during the quarter, compared to the consensus estimate of $390.16 million. Lumentum had a net margin of 11.04% and a trailing twelve-month return on equity of 17.57%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS.
View Lumentum's earnings history
.

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

Lumentum updated its fourth quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $1.25-$1.40 for the period, compared to the consensus estimate of $1.22. The company issued revenue guidance of $405.00 million-$430.00 million, compared to the consensus revenue estimate of $408.15 million.

Who are Lumentum's key executives?

Lumentum's management team includes the following people:

What is Alan Lowe's approval rating as Lumentum's CEO?

64 employees have rated Lumentum CEO Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among Lumentum'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), Square (SQ), Walt Disney (DIS) and Cisco Systems (CSCO).

What is Lumentum's stock symbol?

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

How do I buy shares of Lumentum?

Shares of LITE 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 $80.61.

How much money does Lumentum make?

Lumentum (NASDAQ:LITE) has a market capitalization of $5.56 billion and generates $1.74 billion in revenue each year. The technology company earns $397.30 million in net income (profit) each year or $2.46 on an earnings per share basis.

How many employees does Lumentum have?

Lumentum employs 5,618 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 Lumentum is www.lumentum.com. The technology company can be reached via phone at (408) 546-5483 or via email at [email protected].

This page (NASDAQ:LITE) was last updated on 6/30/2022 by MarketBeat.com Staff

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