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NASDAQ:LITELumentum Stock Price, Forecast & News

$94.14
-1.42 (-1.49 %)
(As of 08/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$92.61
Now: $94.14
$94.95
50-Day Range
$72.84
MA: $82.08
$94.58
52-Week Range
$48.44
Now: $94.14
$96.74
Volume918,294 shs
Average Volume1.56 million shs
Market Capitalization$7.05 billion
P/E Ratio64.48
Dividend YieldN/A
Beta1.03
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 through two segments, Optical Communications and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text 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; optical transceivers for fiber channel and Ethernet applications; integrated fiber optic transceivers; vertical-cavity surface-emitting lasers; distributed feedback 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, and remote sensing, as well as in precision machining, such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in Milpitas, California.
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Lumentum logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.22 out of 5 stars


Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:LITE
Previous SymbolNASDAQ:LITEV
CUSIPN/A
Phone408-546-5483

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.57 billion
Cash Flow$6.09 per share
Book Value$19.60 per share

Profitability

Net Income$-36,400,000.00

Miscellaneous

Employees5,161
Market Cap$7.05 billion
Next Earnings Date8/11/2020 (Confirmed)
OptionableOptionable
$94.14
-1.42 (-1.49 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lumentum (NASDAQ:LITE) Frequently Asked Questions

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

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 31.0% and is now trading at $94.14.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Lumentum?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 sell rating, 2 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Lumentum
.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020.
View our earnings forecast for Lumentum
.

How can I listen to Lumentum's earnings call?

Lumentum will be holding an earnings conference call on Tuesday, August 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc (NASDAQ:LITE) released its quarterly earnings results on Tuesday, May, 5th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.05 by $0.21. The technology company had revenue of $402.80 million for the quarter, compared to analyst estimates of $408.54 million. Lumentum had a return on equity of 20.47% and a net margin of 6.66%. The firm's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS.
View Lumentum's earnings history
.

What price target have analysts set for LITE?

19 equities research analysts have issued 12 month target prices for Lumentum's stock. Their forecasts range from $65.00 to $110.00. On average, they anticipate Lumentum's share price to reach $93.37 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts' price targets for Lumentum
.

Has Lumentum been receiving favorable news coverage?

News coverage about LITE stock has been trending somewhat negative recently, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Lumentum earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term.
View the latest news about Lumentum
.

Are investors shorting Lumentum?

Lumentum saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 7,430,000 shares, a decline of 11.3% from the June 15th total of 8,380,000 shares. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is currently 5.3 days. Approximately 10.2% of the company's stock are sold short.
View Lumentum's Current Options Chain
.

Who are some of Lumentum's key competitors?

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), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), salesforce.com (CRM), Walt Disney (DIS), QUALCOMM (QCOM), Applied Materials (AMAT), Intel (INTC) and Square (SQ).

Who are Lumentum's key executives?

Lumentum's management team includes the following people:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 57)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel and Sec. (Age 53)
  • Mr. Jason Reinhardt, Exec. VP of Global Sales (Age 45)
  • Mr. Vincent Retort, Exec. VP & GM of 3D Sensing (Age 65)
  • Mr. Christopher W. Coldren, Sr. VP of Bus. Devel. (Age 47)

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 investors include Copper Rock Capital Partners LLC (6.51%), Robecosam AG (0.81%), Scout Investments Inc. (0.55%), Peregrine Capital Management LLC (0.39%), Retirement Systems of Alabama (0.25%) and Raymond James & Associates (0.24%). Company insiders that own Lumentum stock include Alan S Lowe, Brian Lillie, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, 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 Emerald Advisers LLC, UBS Group AG, Paradigm Capital Management Inc. NY, Peregrine Capital Management LLC, Emerald Mutual Fund Advisers Trust, Hancock Whitney Corp, Chase Investment Counsel Corp, and Rothschild Investment Corp IL. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum
.

Which institutional investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Russell Investments Group Ltd., Scout Investments Inc., Jacobi Capital Management LLC, Raymond James Financial Services Advisors Inc., General American Investors Co. Inc., Swiss National Bank, and Hussman Strategic Advisors Inc..
View insider buying and selling activity for Lumentum
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $94.14.

How big of a company is Lumentum?

Lumentum has a market capitalization of $7.05 billion and generates $1.57 billion in revenue each year. The technology company earns $-36,400,000.00 in net income (profit) each year or $3.30 on an earnings per share basis. Lumentum employs 5,161 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 8/5/2020 by MarketBeat.com Staff

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