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NASDAQ:LITE

Lumentum - LITE Stock Forecast, Price & News

$61.17
-0.27 (-0.44%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$60.54
▼
$62.10
50-Day Range
$49.41
▼
$62.36
52-Week Range
$48.73
▼
$105.05
Volume
1.32 million shs
Average Volume
723,745 shs
Market Capitalization
$4.17 billion
P/E Ratio
38.72
Dividend Yield
N/A
Price Target
$72.21

Lumentum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
18.1% Upside
$72.21 Price Target
Short Interest
Bearish
9.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
0.49mentions of Lumentum in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.56%
From $3.15 to $4.27 Per Share

Overall MarketRank™

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

2.35 out of 5 stars

Computer And Technology Sector

173rd out of 612 stocks

Communications Equipment, Not Elsewhere Classified Industry

2nd out of 12 stocks

See Top Rated MarketRank™ Stocks Here
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

February 7, 2023 | americanbankingnews.com
Lumentum (LITE) Scheduled to Post Earnings on Thursday
February 2, 2023 | finance.yahoo.com
Lumentum (LITE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
February 8, 2023 | Investor Place Media (Ad)
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January 29, 2023 | finance.yahoo.com
Call This Trade a 'LITE' Bulb Moment
January 29, 2023 | americanbankingnews.com
Lumentum Holdings Inc. (NASDAQ:LITE) Receives $72.21 Average Price Target from Brokerages
January 24, 2023 | finance.yahoo.com
Lumentum to Host Investor Technology Event at OFC 2023
January 6, 2023 | finance.yahoo.com
Is There Now An Opportunity In Lumentum Holdings Inc. (NASDAQ:LITE)?
December 11, 2022 | finance.yahoo.com
Lumentum Holdings (NASDAQ:LITE) shareholders have endured a 46% loss from investing in the stock a year ago
February 8, 2023 | Oxford Club (Ad)
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
November 10, 2022 | finance.yahoo.com
Lumentum Holdings Inc.'s (NASDAQ:LITE) CEO Will Probably Find It Hard To See A Huge Raise This Year
November 8, 2022 | finance.yahoo.com
Why Lumentum Stock Flashed Red on Tuesday
October 19, 2022 | nasdaq.com
An Intrinsic Calculation For Lumentum Holdings Inc. (NASDAQ:LITE) Suggests It's 36% Undervalued - Nasdaq
October 18, 2022 | benzinga.com
Lumentum to Announce Fiscal First Quarter 2023 Financial Results on November 8, 2022 - Lumentum Holdings - Benzinga
October 14, 2022 | nasdaq.com
Lumentum Holdings Becomes Oversold (LITE) - Nasdaq
October 10, 2022 | seekingalpha.com
Lumentum Holdings expands in Slovenia - Seeking Alpha
October 10, 2022 | finance.yahoo.com
Lumentum Expands Manufacturing Operations and Advanced R&D in Slovenia
October 8, 2022 | finance.yahoo.com
3D Sensing and Imaging Market Worth $115.3 Billion by 2029 - Exclusive Report by Meticulous Research® - Yahoo Finance
October 4, 2022 | finance.yahoo.com
Laser Processing Global Market Report 2022 - Yahoo Finance
October 4, 2022 | streetinsider.com
Global Laser Therapy Devices Billion Dollar Market Thriving on Growing Demand - StreetInsider.com
September 30, 2022 | globenewswire.com
Laser Technology Global Market Report 2022 - GlobeNewswire
September 29, 2022 | globenewswire.com
The Global Ultrafast Lasers Market size is expected to reach $3.7 billion by 2028, rising at a market growth of 15.3% CAGR during the forecast period - GlobeNewswire
September 29, 2022 | seekingalpha.com
Cirrus Logic, Skyworks, Qorvo most likely to be impacted from lower iPhone sales: BofA - Seeking Alpha
September 26, 2022 | au.finance.yahoo.com
Is Lumentum Holdings Inc.'s (NASDAQ:LITE) 11% ROE Better Than Average? - Yahoo Finance Australia
September 26, 2022 | finance.yahoo.com
Is Lumentum Holdings Inc.'s (NASDAQ:LITE) 11% ROE Better Than Average?
September 23, 2022 | nasdaq.com
When Should You Buy Lumentum Holdings Inc. (NASDAQ:LITE)? - Nasdaq
September 22, 2022 | finance.yahoo.com
Lumentum Wins ECOC 2022 Data Center Innovation/Best Product Award for its High-Performance 200G PAM4 EMLs - Yahoo Finance
September 21, 2022 | benzinga.com
Laser Diode Market worth $10.9 billion by 2027 – Exclusive Report by MarketsandMarkets™ - Benzinga
See More Headlines
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LITE Company Calendar

Last Earnings
11/04/2021
Today
2/08/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
6/30/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Communications equipment, not elsewhere classified
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:LITE
Previous Symbol
NASDAQ:LITEV
CUSIP
N/A
CIK
1633978
Web
www.lumentum.com
Phone
(408) 546-5483
Fax
N/A
Employees
6,815
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.21
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+18.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.58
Trailing P/E Ratio
38.72
Forward P/E Ratio
19.42
P/E Growth
2.46
Net Income
$198.90 million
Net Margins
6.61%
Pretax Margin
8.71%
Return on Equity
17.99%
Return on Assets
8.10%

Debt

Debt-to-Equity Ratio
1.24
Current Ratio
3.04
Quick Ratio
2.58

Sales & Book Value

Annual Sales
$1.71 billion
Price / Sales
2.44
Cash Flow
$8.73 per share
Price / Cash Flow
7.01
Book Value
$27.17 per share
Price / Book
2.25

Miscellaneous

Outstanding Shares
68,200,000
Free Float
67,859,000
Market Cap
$4.17 billion
Optionable
Optionable
Beta
0.99

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













LITE Stock - Frequently Asked Questions

Should I buy or sell Lumentum stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 5 hold ratings and 6 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 2023?

11 brokerages have issued 12-month price targets for Lumentum's shares. Their LITE share price forecasts range from $50.00 to $90.00. On average, they anticipate the company's share price to reach $72.21 in the next year. This suggests a possible upside of 18.1% 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 at the start of the year. Since then, LITE stock has increased by 17.3% and is now trading at $61.17.
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 Thursday, February 9th 2023.
View our LITE earnings forecast.

How can I listen to Lumentum's earnings call?

Lumentum will be holding an earnings conference call on Thursday, February 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "369158".

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) posted its quarterly earnings results on Thursday, November, 4th. The technology company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.24. The technology company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $439.95 million. Lumentum had a net margin of 6.61% and a trailing twelve-month return on equity of 17.99%. The company's revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS.

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

Lumentum updated its second quarter 2023 earnings guidance on Thursday, December, 8th. The company provided EPS guidance of $1.20-$1.45 for the period, compared to the consensus estimate of $1.60. The company issued revenue guidance of $490.00 million-$520.00 million, compared to the consensus revenue estimate of $540.25 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 Robeco Schweiz AG (1.11%), Fisher Asset Management LLC (1.06%), Pinnacle Associates Ltd. (0.79%), Pinnacle Associates Ltd. (0.78%), Pacer Advisors Inc. (0.46%) and Retirement Systems of Alabama (0.41%). 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 $61.17.

How much money does Lumentum make?

Lumentum (NASDAQ:LITE) has a market capitalization of $4.17 billion and generates $1.71 billion in revenue each year. The technology company earns $198.90 million in net income (profit) each year or $1.58 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 2/8/2023 by MarketBeat.com Staff