NASDAQ:LITE

Lumentum - LITE Stock Forecast, Price & News

$74.03

+3.09 (+4.36%)

(As of 10/4/2022 12:00 AM ET)

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Today's Range: $72.30
▼
$74.10
50-Day Range: $68.57
▼
$96.19
52-Week Range: $68.00
▼
$108.90

Volume: 859,943 shs
Average Volume: 797,577 shs
Market Capitalization: $5.05 billion

P/E Ratio: 27.73
Dividend Yield: N/A
Price Target: $111.75

Lumentum MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.92 Rating Score
Upside/Downside: 51.0% 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: 0.34
Based on 6 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.

2.78 out of 5 stars

Computer And Technology Sector

82nd out of 648 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 11 stocks

4.5

Analyst's Opinion

Consensus Rating
Lumentum has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 11 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $111.75, Lumentum has a forecasted upside of 51.0% from its current price of $74.03.
Amount of Analyst Coverage
Lumentum has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
11.53% of the float of Lumentum has been sold short.
Short Interest Ratio / Days to Cover
Lumentum has a short interest ratio ("days to cover") of 10.1, which indicates bearish sentiment.
Change versus previous month
Short interest in Lumentum has recently decreased by 2.81%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Lumentum does not currently pay a dividend.
Dividend Growth
Lumentum does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lumentum has received a 21.94% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Routers", "Network switches", and "Optical transceivers" products. See details.
Environmental Sustainability
The Environmental Impact score for Lumentum is -1.73.

1.9

News and Social Media Coverage

News Sentiment
Lumentum has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Lumentum this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for LITE on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Lumentum to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lumentum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,909,492.00 in company stock.
Percentage Held by Insiders
Only 0.50% of the stock of Lumentum is held by insiders.
Percentage Held by Institutions
95.49% of the stock of Lumentum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Lumentum are expected to grow by 21.30% in the coming year, from $4.93 to $5.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lumentum is 27.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lumentum is 27.73, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 315.69.
Price to Earnings Growth Ratio
Lumentum has a PEG Ratio of 1.07. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Lumentum has a P/B Ratio of 2.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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, such as argon-ion and helium-neon 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

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

October 5, 2022 | Investing Trends (Ad)

Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."

Experts predict that the global lithium market will balloon by 500%. That's wonderful news for investors, because a "sure-thing" like this appears once in a lifetime. And this small-cap company just snagged what could be one of the world's largest lithium deposits.

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 28, 2022 | americanbankingnews.com

Lumentum (NASDAQ:LITE) Reaches New 52-Week Low at $68.79

September 26, 2022 | au.finance.yahoo.com

Is Lumentum Holdings Inc.'s (NASDAQ:LITE) 11% ROE Better Than Average? - Yahoo Finance Australia

October 5, 2022 | Investing Trends (Ad)

Biden: By 2030, 50% Of All Vehicles Will Be Electric. Sparking New "Lithium Gold Rush."

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

September 12, 2022 | streetinsider.com

Embark Trucks (EMBK) Appoints Penny Herscher as Board Chair - StreetInsider.com

September 8, 2022 | msn.com

3LITE : Expert Ratings for Lumentum Holdings

September 8, 2022 | markets.businessinsider.com

Expert Ratings for Lumentum Holdings

September 6, 2022 | benzinga.com

Optical Transceivers Market is expected to cross a value of US$ 34 Bn by the end of 2032 – Persistence M - Benzinga

September 6, 2022 | benzinga.com

(LITE) – Expert Ratings for Lumentum Holdings - Benzinga

September 2, 2022 | finance.yahoo.com

Lumentum Holdings (NASDAQ:LITE) Seems To Use Debt Quite Sensibly

September 1, 2022 | benzinga.com

(LITE) – Chief Accounting Officer Of Lumentum Holdings Sold $317K In Stock - Benzinga

August 25, 2022 | seekingalpha.com

II-VI Stock: Optimistic Outlook For A Stellar Fiscal 2023 (NASDAQ:IIVI) - Seeking Alpha

August 23, 2022 | seekingalpha.com

Lumentum Holdings Stock: A Niche Player In Electronics (NASDAQ:LITE) - Seeking Alpha

August 22, 2022 | benzinga.com

Lumentum Announces Upcoming Investor Events - Benzinga

August 19, 2022 | finance.yahoo.com

Are Investors Undervaluing Lumentum Holdings Inc. (NASDAQ:LITE) By 38%?

August 17, 2022 | benzinga.com

Expert Ratings for Lumentum Holdings - Benzinga

August 17, 2022 | finance.yahoo.com

Lumentum (LITE) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

August 17, 2022 | fool.com

Lumentum Holdings (LITE) Q4 2022 Earnings Call Transcript - The Motley Fool

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LITE Company Calendar

Last Earnings: 8/16/2022
Today: 10/05/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 6/30/2023

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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: $111.75
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $95.00
Forecasted Upside/Downside: +51.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.92
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.67
Trailing P/E Ratio: 27.73
Forward P/E Ratio: 15.02
P/E Growth: 1.07
Net Income: $198.90 million
Net Margins: 11.61%
Pretax Margin: 13.73%
Return on Equity: 18.66%
Return on Assets: 9.41%

Debt

Debt-to-Equity Ratio: 0.78
Current Ratio: 4.38
Quick Ratio: 4.03

Sales & Book Value

Annual Sales: $1.71 billion
Price / Sales: 2.95
Cash Flow: $9.07 per share
Price / Cash Flow: 8.16
Book Value: $27.17 per share
Price / Book: 2.72

Miscellaneous

Outstanding Shares: 68,170,000
Free Float: 67,825,000
Market Cap: $5.05 billion
Optionable: Optionable
Beta: 1.00

Key Executives

Mr. Alan S. Lowe (Age 60)
Pres, CEO & Director
Comp: $1.73M

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. Hamel (Age 56)
Sr. VP, Gen. Counsel & Sec.
Comp: $783.94k

Mr. Jason Reinhardt (Age 48)
Exec. VP & Chief Transformation Officer
Comp: $846.64k

Mr. 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)
Exec. VP & Chief HR Officer

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?: 12 Wall Street equities 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 equities 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 Wall Street research analysts have issued 12-month price objectives for Lumentum's shares. Their LITE share price forecasts range from $95.00 to $125.00. On average, they anticipate the company's stock price to reach $111.75 in the next year. This suggests a possible upside of 51.0% 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 beginning of 2022. Since then, LITE shares have decreased by 30.0% and is now trading at $74.03.
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 quarterly earnings results on Tuesday, August, 16th. The technology company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.08. The technology company earned $422.10 million during the quarter, compared to analyst estimates 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 prior year, the company 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 earnings per share (EPS) guidance of $1.45-$1.70 for the period, compared to the consensus earnings per share 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."
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 $74.03.
How much money does Lumentum make?: Lumentum (NASDAQ:LITE) has a market capitalization of $5.05 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 10/5/2022 by MarketBeat.com Staff

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Lumentum - LITE Stock Forecast, Price & News

Lumentum MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows