Lumentum Stock Forecast, Price & News

$81.14
+0.06 (+0.07 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$80.27
$82.15
50-Day Range
$67.43
$94.71
52-Week Range
$65.67
$112.08
Volume481,661 shs
Average Volume1.66 million shs
Market Capitalization$6.16 billion
P/E Ratio17.23
Dividend YieldN/A
Beta0.95
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Lumentum logo

About Lumentum

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 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 San Jose, California.

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MarketRank

Overall MarketRank

1.88 out of 5 stars

Computer And Technology Sector

152nd out of 1,586 stocks

Communications Equipment, Not Elsewhere Classified Industry

2nd out of 38 stocks

Analyst Opinion: 3.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Lumentum (NASDAQ:LITE) Frequently Asked Questions

Is Lumentum a buy right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. 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.
View analyst ratings for Lumentum
or view top-rated stocks.

What stocks does MarketBeat like better than Lumentum?

Wall Street analysts have given Lumentum a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Lumentum wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) issued its earnings results on Wednesday, May, 12th. The technology company reported $1.40 EPS for the quarter, hitting the consensus estimate of $1.40. The technology company had revenue of $419.50 million for the quarter, compared to analysts' expectations of $434.02 million. Lumentum had a trailing twelve-month return on equity of 21.50% and a net margin of 21.60%. The firm's revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS.
View Lumentum's earnings history
.

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

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 shares have increased by 12.9% and is now trading at $81.14.
View which stocks have been most impacted by COVID-19
.

What guidance has Lumentum issued on next quarter's earnings?

Lumentum issued an update on its fourth quarter 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share (EPS) guidance of $0.920-1.140 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.260. The company issued revenue guidance of $360 million-400 million, compared to the consensus revenue estimate of $408.97 million.

What price target have analysts set for LITE?

16 Wall Street analysts have issued 12-month target prices for Lumentum's stock. Their forecasts range from $80.00 to $120.00. On average, they expect Lumentum's stock price to reach $94.65 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts' price targets for Lumentum
or view top-rated stocks among Wall Street analysts.

Who are Lumentum's key executives?

Lumentum's management team includes the following people:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 59, Pay $2.12M)
  • Mr. Wajid Ali, Exec. VP & CFO (Age 48, Pay $1.16M)
  • Mr. Vincent Retort, Exec. VP, COO & GM of Telecom Transmission (Age 67, Pay $1.16M)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel & Sec. (Age 55, Pay $910.02k)
  • Mr. Jason Reinhardt, Exec. VP of Global Sales (Age 47, Pay $997.22k)
  • Mr. Matthew Joseph Sepe, VP of Fin., Corp. Controller & Chief Accounting Officer
  • Mr. Ralph Loura, Sr. VP of IT & Chief Information Officer
  • Mr. Christopher W. Coldren, Sr. VP of Strategy & Corp. Devel. (Age 50)
  • Ms. Sharon Parker, Sr. VP of HR
  • Mr. Doug Alteen, Sr. VP & GM of Telecom Transport

What is Alan Lowe's approval rating as Lumentum's CEO?

64 employees have rated Lumentum CEO Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among Lumentum's employees.

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), 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).

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. (3.90%), Robeco Schweiz AG (1.81%), Neuberger Berman Group LLC (1.35%), Geode Capital Management LLC (1.32%), Fisher Asset Management LLC (1.15%) and Pinnacle Associates Ltd. (0.85%). 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.
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 Toronto Dominion Bank, Neuberger Berman Group LLC, Holocene Advisors LP, Millennium Management LLC, Alphinity Investment Management Pty Ltd, Alyeska Investment Group L.P., Scout Investments Inc., and General American Investors Co. Inc.. 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, Samuel F Thomas, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum
or view top insider-selling stocks.

Which institutional investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Robeco Schweiz AG, Melqart Asset Management UK Ltd, Alpine Associates Management Inc., Assenagon Asset Management S.A., Chilton Investment Co. LLC, Federated Hermes Inc., and State of Wisconsin Investment Board.
View insider buying and selling activity for Lumentum
or or view top insider-buying stocks.

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 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 $81.14.

How much money does Lumentum make?

Lumentum has a market capitalization of $6.16 billion and generates $1.68 billion in revenue each year. The technology company earns $135.50 million in net income (profit) each year or $4.48 on an earnings per share basis.

How many employees does Lumentum have?

Lumentum employs 5,473 workers across the globe.

What is Lumentum's official website?

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

Where are Lumentum's headquarters?

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

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 6/18/2021 by MarketBeat.com Staff
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