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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
pixel
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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
pixel
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S&P 500   3,853.07
DOW   31,176.01
QQQ   326.36
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NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$97.47
+1.46 (+1.52 %)
(As of 01/21/2021 12:00 AM ET)
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Today's Range
$94.46
Now: $97.47
$97.99
50-Day Range
$86.62
MA: $96.82
$108.93
52-Week Range
$59.06
Now: $97.47
$112.08
Volume3.27 million shs
Average Volume2.52 million shs
Market Capitalization$7.36 billion
P/E Ratio48.98
Dividend YieldN/A
Beta1.05
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.
Lumentum logo

MarketRank

Overall MarketRank

2.02 out of 5 stars

Computer And Technology Sector

66th out of 1,517 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 35 stocks

Analyst Opinion: 3.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:LITE
Previous SymbolNASDAQ:LITEV
CUSIPN/A
Phone408-546-5483
Employees5,473

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$7.09 per share
Book Value$23.35 per share

Profitability

Net Income$135.50 million

Miscellaneous

Market Cap$7.36 billion
Next Earnings Date2/2/2021 (Confirmed)
OptionableOptionable
$97.47
+1.46 (+1.52 %)
(As of 01/21/2021 12:00 AM 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 Coronavirus?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LITE shares have increased by 35.7% and is now trading at $97.47.
View which stocks have been most impacted by COVID-19
.

Is Lumentum a buy right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Lumentum stock.
View analyst ratings for Lumentum
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Lumentum?

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

What is Doug Parker's approval rating as Lumentum's CEO?

1,448 employees have rated Lumentum CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Lumentum's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
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, February 2nd 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) announced its earnings results on Monday, November, 2nd. The technology company reported $1.78 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.47 by $0.31. The technology company had revenue of $452.40 million for the quarter, compared to the consensus estimate of $441.30 million. Lumentum had a return on equity of 21.41% and a net margin of 9.22%. The company's revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share.
View Lumentum's earnings history
.

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

Lumentum issued an update on its second quarter earnings guidance on Tuesday, January, 19th. The company provided EPS guidance of $1.91-1.99 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82. The company issued revenue guidance of ~$478.8 million, compared to the consensus revenue estimate of $479.60 million.

What price target have analysts set for LITE?

17 brokers have issued 1 year target prices for Lumentum's shares. Their forecasts range from $98.00 to $138.00. On average, they anticipate Lumentum's stock price to reach $112.29 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price.
View analysts' price targets for Lumentum
or view Wall Street analyst' top-rated stocks.

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).

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 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 many different retail and institutional investors. Top institutional shareholders include Anatole Investment Management Ltd (1.18%), Scout Investments Inc. (0.53%), Peregrine Capital Management LLC (0.32%), Paradigm Capital Management Inc. NY (0.23%), Smith Graham & Co. Investment Advisors LP (0.11%) and Grassi Investment Management (0.03%). Company insiders that own Lumentum stock include Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort and Wajid Ali.
View institutional ownership trends for Lumentum
.

Which major investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Scout Investments Inc., Pacer Advisors Inc., Smith Graham & Co. Investment Advisors LP, Bowling Portfolio Management LLC, Guild Investment Management Inc., State of Alaska Department of Revenue, and Crossmark Global Holdings 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 major investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Anatole Investment Management Ltd, Paradigm Capital Management Inc. NY, Kestra Advisory Services LLC, Vivid Financial Management Inc., Grassi Investment Management, Pendal Group Limited, Raymond James Trust N.A., and Mission Wealth Management LP.
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.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $97.47.

How big of a company is Lumentum?

Lumentum has a market capitalization of $7.36 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. Lumentum employs 5,473 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 1/22/2021 by MarketBeat.com Staff

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