NASDAQ:LITE Lumentum - LITE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Lumentum Holdings Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $52.24 +1.35 (+2.65%) (As of 03/29/2023 12:00 AM ET) Add Compare Share Share Today's Range$51.20▼$52.5450-Day Range$49.97▼$62.3652-Week Range$48.73▼$100.22Volume596,788 shsAverage Volume948,142 shsMarket Capitalization$3.58 billionP/E Ratio141.19Dividend YieldN/APrice Target$68.43 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Lumentum MarketRank™ ForecastAnalyst RatingModerate Buy2.54 Rating ScoreUpside/Downside31.0% Upside$68.43 Price TargetShort InterestHealthy9.66% of Float Sold ShortDividend StrengthN/ASustainability-1.73Upright™ Environmental ScoreNews Sentiment0.16Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth15.60%From $3.59 to $4.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.81 out of 5 starsComputer And Technology Sector71st out of 615 stocksCommunications Equipment, Not Elsewhere Classified Industry1st out of 12 stocks 4.3 Analyst's Opinion Consensus RatingLumentum has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.43, Lumentum has a forecasted upside of 31.0% from its current price of $52.24.Amount of Analyst CoverageLumentum has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.66% of the float of Lumentum has been sold short.Short Interest Ratio / Days to CoverLumentum has a short interest ratio ("days to cover") of 6.7.Change versus previous monthShort interest in Lumentum has recently decreased by 6.42%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldLumentum does not currently pay a dividend.Dividend GrowthLumentum does not have a long track record of dividend growth. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLumentum 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 SustainabilityThe Environmental Impact score for Lumentum is -1.73. Previous Next 2.9 News and Social Media Coverage News SentimentLumentum has a news sentiment score of 0.16. 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 0.47 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Lumentum this week, compared to 3 articles on an average week.Search Interest33 people have searched for LITE on MarketBeat in the last 30 days. This is an increase of 175% compared to the previous 30 days.MarketBeat Follows8 people have added Lumentum to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Lumentum insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.50% of the stock of Lumentum is held by insiders.Percentage Held by Institutions92.46% of the stock of Lumentum is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Lumentum are expected to grow by 15.60% in the coming year, from $3.59 to $4.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Lumentum is 141.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 133.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Lumentum is 141.19, 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 363.34.Price to Earnings Growth RatioLumentum has a PEG Ratio of 1.68. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioLumentum has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Lumentum (NASDAQ:LITE) StockLumentum 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.Read More Receive LITE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lumentum and its competitors with MarketBeat's FREE daily newsletter. Email Address LITE Stock News HeadlinesMarch 20, 2023 | americanbankingnews.comLumentum Holdings Inc. (NASDAQ:LITE) Receives $68.43 Average Target Price from AnalystsMarch 11, 2023 | msn.comWhat 10 Analyst Ratings Have To Say About Lumentum HoldingsMarch 29, 2023 | WealthPop (Ad)Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. March 10, 2023 | finance.yahoo.comLumentum Holdings Inc. (NASDAQ:LITE) Delivered A Weaker ROE Than Its IndustryFebruary 11, 2023 | finance.yahoo.comLumentum Holdings Second Quarter 2023 Earnings: EPS Misses ExpectationsFebruary 10, 2023 | finance.yahoo.comLumentum Holdings Inc. (NASDAQ:LITE) Q2 2023 Earnings Call TranscriptFebruary 10, 2023 | finance.yahoo.comIs Lumentum (LITE) a Great Stock for Value Investors?February 9, 2023 | finance.yahoo.comLumentum Clocks Over 13% Revenue Growth In Q2 Backed By Demand For Telecom & Commercial Lasers; Margins Shrink As Supply Chain Crisis WeighMarch 29, 2023 | WealthPop (Ad)Here’s Your Own Billion-Dollar Trading Edge (Just $0.76 a Week)2023 is a classic “stock picker’s market.” The only way to beat these markets is to pick the right stocks at the right time. Legendary trader Adam Mesh is ready to hand you his best stock pick every week… It’s the same kind of research Wall Street’s top traders use to beat the markets. Click here to get his three top picks for right now to help get you started now. February 9, 2023 | finance.yahoo.comLumentum (LITE) Tops Q2 Earnings EstimatesFebruary 2, 2023 | finance.yahoo.comLumentum (LITE) Expected to Beat Earnings Estimates: Can the Stock Move Higher?January 29, 2023 | finance.yahoo.comCall This Trade a 'LITE' Bulb MomentJanuary 24, 2023 | finance.yahoo.comLumentum to Host Investor Technology Event at OFC 2023January 6, 2023 | finance.yahoo.comIs There Now An Opportunity In Lumentum Holdings Inc. (NASDAQ:LITE)?December 11, 2022 | finance.yahoo.comLumentum Holdings (NASDAQ:LITE) shareholders have endured a 46% loss from investing in the stock a year agoNovember 10, 2022 | finance.yahoo.comLumentum Holdings Inc.'s (NASDAQ:LITE) CEO Will Probably Find It Hard To See A Huge Raise This YearNovember 8, 2022 | finance.yahoo.comWhy Lumentum Stock Flashed Red on TuesdayOctober 19, 2022 | nasdaq.comAn Intrinsic Calculation For Lumentum Holdings Inc. (NASDAQ:LITE) Suggests It's 36% Undervalued - NasdaqOctober 18, 2022 | benzinga.comLumentum to Announce Fiscal First Quarter 2023 Financial Results on November 8, 2022 - Lumentum Holdings - BenzingaOctober 14, 2022 | nasdaq.comLumentum Holdings Becomes Oversold (LITE) - NasdaqOctober 10, 2022 | seekingalpha.comLumentum Holdings expands in Slovenia - Seeking AlphaOctober 10, 2022 | finance.yahoo.comLumentum Expands Manufacturing Operations and Advanced R&D in SloveniaOctober 8, 2022 | finance.yahoo.com3D Sensing and Imaging Market Worth $115.3 Billion by 2029 - Exclusive Report by Meticulous Research® - Yahoo FinanceOctober 4, 2022 | finance.yahoo.comLaser Processing Global Market Report 2022 - Yahoo FinanceOctober 4, 2022 | streetinsider.comGlobal Laser Therapy Devices Billion Dollar Market Thriving on Growing Demand - StreetInsider.comSeptember 30, 2022 | globenewswire.comLaser Technology Global Market Report 2022 - GlobeNewswireSeptember 29, 2022 | globenewswire.comThe 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 - GlobeNewswireSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive LITE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Lumentum and its competitors with MarketBeat's FREE daily newsletter. Email Address LITE Company Calendar Last Earnings2/09/2023Today3/29/2023Next Earnings (Estimated)5/03/2023Fiscal Year End6/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communications equipment, not elsewhere classified Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:LITE Previous SymbolNASDAQ:LITEV CUSIPN/A CIK1633978 Webwww.lumentum.com Phone(408) 546-5483FaxN/AEmployees6,815Year FoundedN/APrice Target and Rating Average Stock Price Forecast$68.43 High Stock Price Forecast$85.00 Low Stock Price Forecast$50.00 Forecasted Upside/Downside+31.0%Consensus RatingModerate Buy Rating Score (0-4)2.54 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$0.37 Trailing P/E Ratio141.19 Forward P/E Ratio14.55 P/E Growth1.68Net Income$198.90 million Net Margins1.56% Pretax Margin3.17% Return on Equity17.77% Return on Assets7.13% Debt Debt-to-Equity Ratio1.23 Current Ratio3.06 Quick Ratio2.61 Sales & Book Value Annual Sales$1.71 billion Price / Sales2.09 Cash Flow$8.84 per share Price / Cash Flow5.91 Book Value$27.17 per share Price / Book1.92Miscellaneous Outstanding Shares68,500,000Free Float68,158,000Market Cap$3.58 billion OptionableOptionable Beta1.10 Key ExecutivesAlan S. LowePresident, Chief Executive Officer & DirectorVincent RetortChief Operating Officer & Executive Vice PresidentWajid AliChief Financial Officer & Executive VPRalph LouraChief Information Officer & Senior VP-ITJason ReinhardtChief Transformation Officer & Executive VPKey CompetitorsIridium CommunicationsNASDAQ:IRDMZiff DavisNASDAQ:ZDEvolent HealthNYSE:EVHClearwater AnalyticsNYSE:CWANImpinjNASDAQ:PIView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 1,375 shares on 3/23/2023Ownership: 0.063%Rockefeller Capital Management L.P.Sold 4,476 shares on 3/6/2023Ownership: 0.005%Voya Investment Management LLCBought 17,886 shares on 2/28/2023Ownership: 0.052%Front Street Capital Management Inc.Sold 9,831 shares on 2/22/2023Ownership: 0.182%Teachers Retirement System of The State of KentuckySold 289,269 shares on 2/22/2023Ownership: 0.125%View All Insider TransactionsView All Institutional Transactions LITE Stock - Frequently Asked Questions Should I buy or sell Lumentum stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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? 13 Wall Street research analysts have issued twelve-month target prices for Lumentum's shares. Their LITE share price forecasts range from $50.00 to $85.00. On average, they anticipate the company's stock price to reach $68.43 in the next year. This suggests a possible upside of 31.0% 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 2023? Lumentum's stock was trading at $52.17 on January 1st, 2023. Since then, LITE stock has increased by 0.1% and is now trading at $52.24. View the best growth stocks for 2023 here. Are investors shorting Lumentum? Lumentum saw a decline in short interest in March. As of March 15th, there was short interest totaling 6,410,000 shares, a decline of 6.4% from the February 28th total of 6,850,000 shares. Based on an average trading volume of 953,000 shares, the days-to-cover ratio is presently 6.7 days. Currently, 9.7% of the shares of the stock are short sold. View Lumentum's Short Interest. When is Lumentum's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our LITE earnings forecast. How were Lumentum's earnings last quarter? Lumentum Holdings Inc. (NASDAQ:LITE) announced its quarterly earnings results on Thursday, February, 9th. The technology company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.20. The technology company earned $506 million during the quarter, compared to analysts' expectations of $506.13 million. Lumentum had a net margin of 1.56% and a trailing twelve-month return on equity of 17.77%. What ETFs hold Lumentum's stock? ETFs with the largest weight of Lumentum (NASDAQ:LITE) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), iShares U.S. Telecommunications ETF (IYZ), iShares Future Cloud 5G and Tech ETF (IDAT), 2ndVote Life Neutral Plus ETF (LYFE), ProShares Metaverse ETF (VERS), ProShares Ultra Communication Services (LTL) and Pacer US Export Leaders ETF (PEXL). What guidance has Lumentum issued on next quarter's earnings? Lumentum issued an update on its third quarter 2023 earnings guidance on Thursday, February, 9th. The company provided earnings per share guidance of $1.00-$1.15 for the period, compared to the consensus earnings per share estimate of $1.02. The company issued revenue guidance of $430.00 million-$460.00 million, compared to the consensus revenue estimate of $469.09 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 retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (7.08%), Millennium Management LLC (1.75%), Dimensional Fund Advisors LP (1.48%), Geode Capital Management LLC (1.45%), Earnest Partners LLC (1.28%) and Robeco Schweiz AG (1.11%). 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 $52.24. How much money does Lumentum make? Lumentum (NASDAQ:LITE) has a market capitalization of $3.58 billion and generates $1.71 billion in revenue each year. The technology company earns $198.90 million in net income (profit) each year or $0.37 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 3/30/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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