Lumentum - LITE Stock Forecast, Price & News

12 Wall Street 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 research analysts is that investors should "buy" LITE shares.
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12 analysts have issued 12-month target prices for Lumentum's stock. Their LITE share price forecasts range from $95.00 to $125.00. On average, they expect the company's stock price to reach $111.75 in the next twelve months. This suggests a possible upside of 62.8% from the stock's current price.
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Lumentum's stock was trading at $105.77 at the start of the year. Since then, LITE shares have decreased by 35.1% and is now trading at $68.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Lumentum Holdings Inc. (NASDAQ:LITE) announced its earnings results on Tuesday, August, 16th. The technology company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.07 by $0.08. The technology company earned $422.10 million during the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.84 earnings per share.

Lumentum issued an update on its first quarter 2023 earnings guidance on Tuesday, September, 20th. The company provided EPS guidance of $1.45-$1.70 for the period, compared to the consensus 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.

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.

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).

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

Lumentum's stock is owned by a number of retail and institutional investors. Top institutional investors include Whale Rock Capital Management LLC (1.25%), Northern Trust Corp (1.09%), Pinnacle Associates Ltd. (0.82%), Price T Rowe Associates Inc. MD (0.75%), Eagle Asset Management Inc. (0.53%) and Todd Asset Management LLC (0.43%). Insiders that own company stock include Alan S Lowe, Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort and Wajid Ali.
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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.
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One share of LITE stock can currently be purchased for approximately $68.66.

Lumentum (NASDAQ:LITE) has a market capitalization of $4.68 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.

The company employs 6,815 workers across the globe.

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.