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NASDAQ:LITE

Lumentum (LITE) Stock Forecast, Price & News

$87.95
-2.58 (-2.85%)
(As of 05/18/2022 04:00 PM ET)
Add
Compare
Today's Range
$86.75
$92.36
50-Day Range
$80.85
$99.73
52-Week Range
$73.41
$108.90
Volume
1.20 million shs
Average Volume
1.04 million shs
Market Capitalization
$6.07 billion
P/E Ratio
35.75
Dividend Yield
N/A
Beta
0.91
30 days | 90 days | 365 days | Advanced Chart
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Lumentum logo

About Lumentum

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.

Headlines

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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
$8.23 per share
Book Value
$25.99 per share

Profitability

Net Income
$397.30 million
Pretax Margin
13.46%

Debt

Price-To-Earnings

Miscellaneous

Free Float
68,793,000
Market Cap
$6.07 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/04/2022
Today
5/18/2022
Fiscal Year End
6/30/2022
Next Earnings (Estimated)
8/17/2022

MarketRank

Overall MarketRank

2.56 out of 5 stars

Computer And Technology Sector

179th out of 930 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 18 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?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Lumentum stock.
View analyst ratings for Lumentum
or view top-rated stocks.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) released its earnings results on Wednesday, May, 4th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.07. The technology company earned $395.40 million during the quarter, compared to analyst estimates of $390.16 million. Lumentum had a trailing twelve-month return on equity of 17.57% and a net margin of 11.04%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share.
View Lumentum's earnings history
.

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

Lumentum updated its fourth quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $1.25-$1.40 for the period, compared to the consensus EPS estimate of $1.22. The company issued revenue guidance of $405.00 million-$430.00 million, compared to the consensus revenue estimate of $408.15 million.

What price target have analysts set for LITE?

14 analysts have issued 1 year target prices for Lumentum's stock. Their forecasts range from $86.00 to $125.00. On average, they expect Lumentum's stock price to reach $107.36 in the next year. This suggests a possible upside of 22.1% 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:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 60, Pay $1.73M)
  • Mr. Wajid Ali B.A., C.M.A., M.A., M.B.A., Exec. VP & CFO (Age 49, Pay $964.79k) (LinkedIn Profile)
  • Mr. Vincent Retort, Exec. VP & COO (Age 68, Pay $980.14k)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel & Sec. (Age 56, Pay $783.94k) (LinkedIn Profile)
  • Mr. Jason Reinhardt, Exec. VP & Chief Commercial Officer (Age 48, Pay $846.64k)
  • Mr. Matthew Joseph Sepe, VP of Fin., Corp. Controller & Chief Accounting Officer (LinkedIn Profile)
  • Mr. Ralph Loura, Sr. VP of IT & Chief Information Officer
  • Kathryn Ta, VP of Investor Relations
  • Mr. Christopher W. Coldren, Sr. VP and Chief Strategy & Corp. Devel. Officer (Age 51)
  • Ms. Grace G. Lee, Sr. VP & Chief HR Officer (Age 54)
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 (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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.44%), Alyeska Investment Group L.P. (1.35%), Dimensional Fund Advisors LP (1.17%), Northern Trust Corp (1.16%), Fisher Asset Management LLC (1.06%) and Earnest Partners LLC (0.99%). 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 Polar Capital Holdings Plc, Fuller & Thaler Asset Management Inc., Renaissance Technologies LLC, Scout Investments Inc., PEAK6 Investments LLC, Zenyatta Capital Management LP, Walleye Trading LLC, and Shellback Capital LP. 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, 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 Alyeska Investment Group L.P., Earnest Partners LLC, Hood River Capital Management LLC, Northern Trust Corp, Woodline Partners LP, Leeward Investments LLC MA, Pacer Advisors Inc., and Envestnet Asset Management Inc..
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 $87.95.

How much money does Lumentum make?

Lumentum has a market capitalization of $6.07 billion and generates $1.74 billion in revenue each year. The technology company earns $397.30 million in net income (profit) each year or $2.46 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.

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 5/18/2022 by MarketBeat.com Staff

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