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NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$87.48
+1.58 (+1.84%)
(As of 12/6/2021 11:49 AM ET)
Add
Compare
Today's Range
$85.50
$88.17
50-Day Range
$81.85
$93.34
52-Week Range
$65.67
$112.08
Volume
14,847 shs
Average Volume
1.15 million shs
Market Capitalization
$6.32 billion
P/E Ratio
16.60
Dividend Yield
N/A
Beta
0.81
30 days | 90 days | 365 days | Advanced Chart
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Lumentum logo

About Lumentum

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 in 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.

Headlines

Lumentum (NASDAQ:LITE) Releases Q2 2022 Earnings Guidance
November 11, 2021 |  americanbankingnews.com
Lumentum Holdings Insider Trades $540K In Company Stock
November 10, 2021 |  finance.yahoo.com
See More Headlines

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

Sales & Book Value

Annual Sales
$1.74 billion
Cash Flow
$8.64 per share
Book Value
$27.27 per share

Profitability

Net Income
$397.30 million
Pretax Margin
27.55%

Debt

Price-To-Earnings

Miscellaneous

Free Float
72,069,000
Market Cap
$6.32 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/04/2021
Today
12/06/2021
Next Earnings (Estimated)
2/01/2022
Fiscal Year End
6/30/2022

MarketRank

Overall MarketRank

2.55 out of 5 stars

Computer And Technology Sector

137th out of 892 stocks

Communications Equipment, Not Elsewhere Classified Industry

2nd out of 20 stocks

Analyst Opinion: 3.4Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -












Lumentum (NASDAQ:LITE) Frequently Asked Questions

Is Lumentum a buy right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Lumentum stock.
View analyst ratings for Lumentum
or view top-rated stocks.

How has Lumentum's stock been impacted by Coronavirus (COVID-19)?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LITE shares have increased by 21.5% and is now trading at $87.30.
View which stocks have been most impacted by COVID-19
.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Tuesday, February 1st 2022.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) released its quarterly earnings results on Thursday, November, 4th. The technology company reported $1.79 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.55 by $0.24. The technology company earned $448.40 million during the quarter, compared to analyst estimates of $439.95 million. Lumentum had a trailing twelve-month return on equity of 19.82% and a net margin of 23.68%. The firm's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS.
View Lumentum's earnings history
.

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

Lumentum updated its second quarter 2022 earnings guidance on Thursday, November, 18th. The company provided earnings per share (EPS) guidance of $1.470-$1.640 for the period, compared to the Thomson Reuters consensus estimate of $1.530. The company issued revenue guidance of $435 million-$455 million, compared to the consensus revenue estimate of $441.88 million.

What price target have analysts set for LITE?

16 brokers have issued twelve-month target prices for Lumentum's shares. Their forecasts range from $80.00 to $120.00. On average, they anticipate Lumentum's stock price to reach $97.81 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price.
View analysts' price targets for Lumentum
or view top-rated stocks among Wall Street analysts.

Who are Lumentum's key executives?

Lumentum's management team includes the following people:
  • Alan S. Lowe, President, Chief Executive Officer & Director
  • Vincent Retort, COO, Executive Vice President & GM-3D Sensing
  • Wajid Ali, Chief Financial Officer & Executive VP (LinkedIn Profile)
  • Ralph Loura, Chief Information Officer & Senior VP-IT
  • Judy G. Hamel, Secretary, Senior Vice President & General Counsel

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.com (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."

Who are Lumentum's major shareholders?

Lumentum's stock is owned by a number of institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (6.67%), Geode Capital Management LLC (1.42%), ValueAct Holdings L.P. (1.38%), Fisher Asset Management LLC (1.18%), Schroder Investment Management Group (1.12%) and Robeco Schweiz AG (1.03%). Company insiders that own Lumentum 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 for Lumentum
.

Which institutional investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, Natixis, Robeco Schweiz AG, First Hawaiian Bank, Panagora Asset Management Inc., Reilly Financial Advisors LLC, Eagle Asset Management Inc., and PEAK6 Investments LLC. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum
or view top insider-selling stocks.

Which institutional investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Alliancebernstein L.P., Force Hill Capital Management LP, Moors & Cabot Inc., Easterly Investment Partners LLC, Zweig DiMenna Associates LLC, Nordea Investment Management AB, and Dimensional Fund Advisors LP.
View insider buying and selling activity for Lumentum
or or view top insider-buying stocks.

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 $87.30.

How much money does Lumentum make?

Lumentum has a market capitalization of $6.31 billion and generates $1.74 billion in revenue each year. The technology company earns $397.30 million in net income (profit) each year or $5.27 on an earnings per share basis.

How many employees does Lumentum have?

Lumentum employs 5,618 workers across the globe.

What is Lumentum's official website?

The official website for Lumentum is www.lumentum.com.

Where are Lumentum's headquarters?

Lumentum is headquartered at 400 NORTH MCCARTHY BOULEVARD, MILPITAS CA, 95035.

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].


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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