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Lumentum Stock Price, Forecast & Analysis (NASDAQ:LITE)

$68.90
+0.91 (+1.34 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$67.27
Now: $68.90
$69.09
50-Day Range
$49.18
MA: $57.48
$68.39
52-Week Range
$37.29
Now: $68.90
$69.09
Volume1.55 million shs
Average Volume1.38 million shs
Market Capitalization$5.32 billion
P/E Ratio20.88
Dividend YieldN/A
Beta1.37
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 and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables. Read More…

Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:LITE
Previous SymbolNASDAQ:LITEV
CUSIPN/A
Phone408-546-5483

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.57 billion
Cash Flow$6.21 per share
Book Value$20.22 per share

Profitability

Net Income$-36,400,000.00

Miscellaneous

Employees5,161
Market Cap$5.32 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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Lumentum (NASDAQ:LITE) Frequently Asked Questions

What is Lumentum's stock symbol?

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

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc (NASDAQ:LITE) released its earnings results on Thursday, October, 31st. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.20 by $0.24. The technology company earned $449.90 million during the quarter, compared to analysts' expectations of $448.16 million. Lumentum had a positive return on equity of 17.81% and a negative net margin of 2.18%. The firm's revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.31 earnings per share. View Lumentum's Earnings History.

When is Lumentum's next earnings date?

Lumentum is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Lumentum.

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

Lumentum issued an update on its second quarter earnings guidance on Thursday, October, 31st. The company provided EPS guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.11. The company issued revenue guidance of $445-460 million, compared to the consensus revenue estimate of $429.93 million.

What price target have analysts set for LITE?

15 equities research analysts have issued 12-month price objectives for Lumentum's stock. Their forecasts range from $56.00 to $85.00. On average, they expect Lumentum's share price to reach $71.58 in the next year. This suggests a possible upside of 3.9% from the stock's current price. View Analyst Price Targets for Lumentum.

What is the consensus analysts' recommendation for Lumentum?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lumentum.

What are Wall Street analysts saying about Lumentum stock?

Here are some recent quotes from research analysts about Lumentum 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. " (10/10/2019)
  • 2. Rosenblatt Securities analysts commented, "We are trimming our December revenue estimates by -13.4% due to Apple pulling- in components earlier than expected, impacting Lumentum’s 3D sensing revenue. We continue to believe Lumentum will be a beneficiary of 5G. We maintain our buy rating and $80 price target." (9/24/2019)

Has Lumentum been receiving favorable news coverage?

News articles about LITE stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lumentum earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Lumentum.

Are investors shorting Lumentum?

Lumentum saw a increase in short interest in October. As of October 31st, there was short interest totalling 6,690,000 shares, an increase of 10.6% from the September 30th total of 6,050,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 8.9% of the company's stock are sold short. View Lumentum's Current Options Chain.

Who are some of Lumentum's key competitors?

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), Applied Optoelectronics (AAOI), Applied Materials (AMAT), salesforce.com (CRM), Advanced Micro Devices (AMD), Netflix (NFLX), Canopy Growth (CGC) and Square (SQ).

Who are Lumentum's key executives?

Lumentum's management team includes the folowing people:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 57)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel and Sec. (Age 53)
  • Mr. Jason Reinhardt, Exec. VP of Global Sales (Age 45)
  • Mr. Vincent Retort, Exec. VP & GM of 3D Sensing (Age 65)
  • Mr. Christopher W. Coldren, Sr. VP of Bus. Devel. (Age 47)

Who are Lumentum's major shareholders?

Lumentum's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Eagle Asset Management Inc. (1.26%), Peregrine Capital Management LLC (0.88%), Nan Shan Life Insurance Co. Ltd. (0.78%), Fisher Asset Management LLC (0.52%), Rhumbline Advisers (0.33%) and Artemis Investment Management LLP (0.32%). Company insiders that own Lumentum stock include Aaron Tachibana, Alan S Lowe, Brian Lillie, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher and Vincent Retort. View Institutional Ownership Trends for Lumentum.

Which major investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, Copper Rock Capital Partners LLC, Emerald Advisers LLC, Peregrine Capital Management LLC, Emerald Mutual Fund Advisers Trust, Nan Shan Life Insurance Co. Ltd. and General American Investors Co. Inc.. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe and Vincent Retort. View Insider Buying and Selling for Lumentum.

Which major investors are buying Lumentum stock?

LITE stock was purchased by a variety of institutional investors in the last quarter, including Robecosam AG, State of Tennessee Treasury Department, California Public Employees Retirement System, Artemis Investment Management LLP, Retirement Systems of Alabama, Pacer Advisors Inc., First Trust Advisors LP and Tuttle Tactical Management. View Insider Buying and Selling for Lumentum.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $68.90.

How big of a company is Lumentum?

Lumentum has a market capitalization of $5.32 billion and generates $1.57 billion in revenue each year. The technology company earns $-36,400,000.00 in net income (profit) each year or $3.30 on an earnings per share basis. Lumentum employs 5,161 workers across the globe.View Additional Information About Lumentum.

What is Lumentum's official website?

The official website for Lumentum is http://www.lumentum.com/.

How can I contact Lumentum?

Lumentum's mailing address is 400 NORTH MCCARTHY BOULEVARD, MILPITAS CA, 95035. The technology company can be reached via phone at 408-546-5483 or via email at [email protected]


MarketBeat Community Rating for Lumentum (NASDAQ LITE)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  696 (Vote Outperform)
Underperform Votes:  412 (Vote Underperform)
Total Votes:  1,108
MarketBeat's community ratings are surveys of what our community members think about Lumentum and other stocks. Vote "Outperform" if you believe LITE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LITE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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