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NASDAQ:LITE

Lumentum - LITE Stock Forecast, Price & News

$70.02
+1.36 (+1.98%)
(As of 09/27/2022 12:00 AM ET)
Add
Compare
Today's Range
$69.15
$70.51
50-Day Range
$68.66
$96.19
52-Week Range
$68.00
$108.90
Volume
734,202 shs
Average Volume
912,195 shs
Market Capitalization
$4.77 billion
P/E Ratio
26.22
Dividend Yield
N/A
Price Target
$111.75

Lumentum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
59.6% Upside
$111.75 Price Target
Short Interest
Bearish
11.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
0.66mentions of Lumentum in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.91 M Sold Last Quarter
Proj. Earnings Growth
21.30%
From $4.93 to $5.98 Per Share

Overall MarketRank

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

2.85 out of 5 stars

Computer And Technology Sector

147th out of 636 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 11 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 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.

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LITE Stock News Headlines

Lumentum (NASDAQ:LITE) Raised to "Buy" at StockNews.com
Lumentum (NASDAQ:LITE) Sets New 52-Week Low at $73.68
Expert Ratings for Lumentum Holdings
Expert Ratings for Lumentum Holdings - Benzinga
See More Headlines
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LITE Company Calendar

Last Earnings
8/16/2022
Today
9/27/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
6/30/2023

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
$111.75
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+59.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
12 Analysts

Profitability

Net Income
$198.90 million
Pretax Margin
13.73%

Debt

Sales & Book Value

Annual Sales
$1.71 billion
Cash Flow
$8.64 per share
Book Value
$27.17 per share

Miscellaneous

Free Float
67,896,000
Market Cap
$4.77 billion
Optionable
Optionable
Beta
0.94

Key Executives

  • Mr. Alan S. LoweMr. Alan S. Lowe (Age 60)
    Pres, CEO & Director
    Comp: $1.73M
  • Mr. Wajid Ali B.A.Mr. Wajid Ali B.A. (Age 49)
    C.M.A., M.A., M.B.A., Exec. VP & CFO
    Comp: $964.79k
  • Mr. Vincent Retort (Age 68)
    Exec. VP & COO
    Comp: $980.14k
  • Ms. Judy G. HamelMs. Judy G. Hamel (Age 56)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $783.94k
  • Mr. Jason ReinhardtMr. Jason Reinhardt (Age 48)
    Exec. VP & Chief Commercial Officer
    Comp: $846.64k
  • Mr. Matthew Joseph SepeMr. Matthew Joseph Sepe
    VP of Fin., Corp. Controller & Chief Accounting Officer
  • Mr. Ralph Loura
    Sr. VP of IT & Chief Information Officer
  • Kathryn Ta
    VP of Investor Relations
  • Mr. Christopher W. Coldren (Age 51)
    Sr. VP and Chief Strategy & Corp. Devel. Officer
  • Ms. Grace G. Lee (Age 54)
    Sr. VP & Chief HR Officer













LITE Stock - Frequently Asked Questions

Should I buy or sell Lumentum stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LITE shares.
View LITE analyst ratings
or view top-rated stocks.

What is Lumentum's stock price forecast for 2022?

12 analysts have issued 12-month target prices for Lumentum's stock. Their LITE share price forecasts range from $95.00 to $125.00. On average, they expect the company's stock price to reach $111.75 in the next twelve months. This suggests a possible upside of 62.8% 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 2022?

Lumentum's stock was trading at $105.77 at the start of the year. Since then, LITE shares have decreased by 35.1% and is now trading at $68.66.
View the best growth stocks for 2022 here
.

When is Lumentum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our LITE earnings forecast
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) announced its earnings results on Tuesday, August, 16th. The technology company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.07 by $0.08. The technology company earned $422.10 million during the quarter, compared to analysts' expectations of $417.99 million. Lumentum had a trailing twelve-month return on equity of 18.66% and a net margin of 11.61%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share.

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

Lumentum issued an update on its first quarter 2023 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $1.45-$1.70 for the period, compared to the consensus estimate of $1.83. The company issued revenue guidance of $490.00 million-$520.00 million, compared to the consensus revenue estimate of $491.75 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 investors include Whale Rock Capital Management LLC (1.25%), Northern Trust Corp (1.09%), Pinnacle Associates Ltd. (0.82%), Price T Rowe Associates Inc. MD (0.75%), Eagle Asset Management Inc. (0.53%) and Todd Asset Management LLC (0.43%). Insiders that own company stock include Alan S Lowe, Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, 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 $68.66.

How much money does Lumentum make?

Lumentum (NASDAQ:LITE) has a market capitalization of $4.68 billion and generates $1.71 billion in revenue each year. The technology company earns $198.90 million in net income (profit) each year or $2.67 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 9/27/2022 by MarketBeat.com Staff

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