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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Opera Stock: The Fast-Rising Star of AI-Driven Web Experiences
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
What Should Investors Make of These 3 Dividend Cuts?
Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
CrowdStrike: Another Tech Stock to Buy on the Dip 
Broadcom Stock Pulls into the Buy Zone: Analysts Raise Targets
Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" (Ad)
Salesforce: Time to Snap it Up as the Market Buys the Dip?
Zscaler: Analysts Raise the Bar for the AI Cloud Security Company

Lumentum (LITE) Stock Forecast, Price & News

$53.00
+0.78 (+1.49%)
(As of 06/2/2023 ET)
Compare
Today's Range
$52.29
$53.74
50-Day Range
$42.22
$54.86
52-Week Range
$42.00
$96.46
Volume
1.51 million shs
Average Volume
1.08 million shs
Market Capitalization
$3.63 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$58.27

Lumentum MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
9.9% Upside
$58.27 Price Target
Short Interest
Bearish
10.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
0.94mentions of Lumentum in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-27.17%
From $2.76 to $2.01 Per Share

Overall MarketRank

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

1.48 out of 5 stars

Computer And Technology Sector

465th out of 604 stocks

Communications Equipment, Not Elsewhere Classified Industry

7th out of 12 stocks


LITE stock logo

About Lumentum (NASDAQ:LITE) Stock

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses on serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015, and is headquartered in San Jose, CA.

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LITE Stock News Headlines

Lumentum (NASDAQ:LITE) Downgraded by StockNews.com to Sell
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Why Lumentum Is A Buy In 2024
Lumentum (NASDAQ: LITE)
Lumentum (NASDAQ:LITE) PT Lowered to $55.00
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Lumentum (NASDAQ:LITE) PT Lowered to $62.00
8-K: Lumentum Holdings Inc.
Lumentum FQ3 2023 Earnings Preview
Lumentum (LITE) Set to Announce Earnings on Tuesday
Lumentum Holdings Inc. (NASDAQ:LITE) Short Interest Update
See More Headlines

LITE Price History

LITE Company Calendar

Last Earnings
5/09/2023
Today
6/02/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/15/2023

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
6,815
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$58.27
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+9.9%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$198.90 million
Pretax Margin
-1.09%

Debt

Sales & Book Value

Annual Sales
$1.71 billion
Cash Flow
$8.70 per share
Book Value
$22.45 per share

Miscellaneous

Free Float
68,158,000
Market Cap
$3.63 billion
Optionable
Optionable
Beta
1.08

Key Executives

  • Alan S. LoweAlan S. Lowe
    President, Chief Executive Officer & Director
  • Vincent Retort
    Chief Operating Officer & Executive Vice President
  • Wajid AliWajid Ali
    Chief Financial Officer & Executive VP
  • Ralph Loura
    Chief Information Officer & Senior VP-IT
  • Jason ReinhardtJason Reinhardt
    Chief Transformation Officer & Executive VP













LITE Stock - 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 8 hold ratings and 5 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.
View LITE analyst ratings
or view top-rated stocks.

What is Lumentum's stock price forecast for 2023?

13 analysts have issued 12-month price targets for Lumentum's shares. Their LITE share price forecasts range from $40.00 to $85.00. On average, they predict the company's stock price to reach $58.27 in the next year. This suggests a possible upside of 9.9% 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 stock has increased by 1.6% and is now trading at $53.00.
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, August 15th 2023.
View our LITE earnings forecast
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) issued its earnings results on Tuesday, May, 9th. The technology company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The technology company had revenue of $383.40 million for the quarter, compared to analysts' expectations of $393.08 million. Lumentum had a negative net margin of 2.02% and a positive trailing twelve-month return on equity of 16.02%.

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

Lumentum issued an update on its fourth quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $0.45-$0.65 for the period, compared to the consensus EPS estimate of $0.79. The company issued revenue guidance of $350.00 million-$380.00 million, compared to the consensus revenue estimate of $377.45 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 institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (2.85%), Geode Capital Management LLC (1.48%), Dimensional Fund Advisors LP (1.40%), Robeco Schweiz AG (1.07%), Charles Schwab Investment Management Inc. (1.04%) and Fisher Asset Management LLC (1.03%). 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, Samuel F Thomas, 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 $53.00.

How much money does Lumentum make?

Lumentum (NASDAQ:LITE) has a market capitalization of $3.63 billion and generates $1.71 billion in revenue each year. The technology company earns $198.90 million in net income (profit) each year or ($0.55) on an earnings per share basis.

How many employees does Lumentum have?

The company employs 6,815 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 6/3/2023 by MarketBeat.com Staff

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