Lumentum Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 5 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Lumentum stock.
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Lumentum is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
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Lumentum Holdings Inc. (NASDAQ:LITE) posted its quarterly earnings data on Tuesday, August, 17th. The technology company reported $1.15 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.06 by $0.09. The technology company earned $392.10 million during the quarter, compared to analysts' expectations of $382.17 million. Lumentum had a trailing twelve-month return on equity of 20.42% and a net margin of 22.80%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 EPS.
View Lumentum's earnings history.

Lumentum's stock was trading at $71.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LITE stock has increased by 17.2% and is now trading at $84.22.
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Lumentum updated its first quarter 2022 earnings guidance on Wednesday, September, 15th. The company provided earnings per share guidance of $1.470-$1.610 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.450. The company issued revenue guidance of $430 million-$445 million, compared to the consensus revenue estimate of $437.13 million.

16 equities research analysts have issued 1 year price targets for Lumentum's stock. Their forecasts range from $80.00 to $120.00. On average, they anticipate Lumentum's share price to reach $96.76 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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64 employees have rated Lumentum CEO Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among Lumentum's employees.

Some companies that are related to Lumentum include AAC Technologies (AACAY), Iridium Communications (IRDM), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), Inseego (INSG), Turtle Beach (HEAR), Rekor Systems (REKR), PowerFleet (PWFL), Iteris (ITI), Ealixir (EAXR), Magal Security Systems (MAGS), COMSovereign (COMS) and Vislink Technologies (VISL).
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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), The Walt Disney (DIS) and Cisco Systems (CSCO).

Lumentum trades on the NASDAQ under the ticker symbol "LITE."

Lumentum's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.41%), Alliancebernstein L.P. (5.51%), Geode Capital Management LLC (1.35%), Westfield Capital Management Co. LP (1.33%), ValueAct Holdings L.P. (1.27%) and ValueAct Holdings L.P. (1.27%). Company insiders that own Lumentum stock include Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort and Wajid Ali.
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LITE stock was sold by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Eagle Asset Management Inc., Chilton Investment Co. LLC, Susquehanna International Group LLP, Brookfield Asset Management Inc., Kennedy Capital Management Inc., Citadel Advisors LLC, and Bronson Point Management LLC. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum or view top insider-selling stocks.

LITE stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., ValueAct Holdings L.P., ValueAct Holdings L.P., Alyeska Investment Group L.P., Westfield Capital Management Co. LP, PEAK6 Investments LLC, Arnhold LLC, and Snow Capital Management LP.
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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.
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One share of LITE stock can currently be purchased for approximately $84.22.

Lumentum has a market capitalization of $6.12 billion and generates $1.74 billion in revenue each year. The technology company earns $397.30 million in net income (profit) each year or $5.13 on an earnings per share basis.

Lumentum employs 5,618 workers across the globe.

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

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

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].