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.
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Industry, Sector and Symbol
Industry N/A
Sub-IndustryN/A
SectorN/A
WebN/A
PhoneN/A
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
Employees5,161
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable
Lumentum (NASDAQ:LITE) Frequently Asked Questions
What is Lumentum's stock symbol?
Lumentum trades on the NASDAQ under the ticker symbol "LITE."
How were Lumentum's earnings last quarter?
Lumentum Holdings Inc (NASDAQ:LITE) posted its quarterly earnings results on Tuesday, February, 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.29 by $0.24. The technology company earned $457.80 million during the quarter, compared to the consensus estimate of $452.18 million. Lumentum's quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS. View Lumentum's Earnings History.
When is Lumentum's next earnings date?
What guidance has Lumentum issued on next quarter's earnings?
Lumentum issued an update on its third quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $1.00-1.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.03. The company issued revenue guidance of $400-425 million, compared to the consensus revenue estimate of $409.00 million.
What price target have analysts set for LITE?
16 Wall Street analysts have issued 1 year price targets for Lumentum's stock. Their forecasts range from $60.00 to $105.00. On average, they anticipate Lumentum's share price to reach $87.78 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price. View Analyst Price Targets for Lumentum.
What is the consensus analysts' recommendation for Lumentum?
16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lumentum.
What are Wall Street analysts saying about Lumentum stock?
Here are some recent quotes from research analysts about Lumentum stock:
- 1. According to Zacks Investment Research, "Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company's operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California. " (1/2/2020)
- 2. Rosenblatt Securities analysts commented, "We are trimming our December revenue estimates by -13.4% due to Apple pulling- in components earlier than expected, impacting Lumentum’s 3D sensing revenue. We continue to believe Lumentum will be a beneficiary of 5G. We maintain our buy rating and $80 price target." (9/24/2019)
Has Lumentum been receiving favorable news coverage?
News stories about LITE stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lumentum earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Lumentum.
Are investors shorting Lumentum?
Lumentum saw a increase in short interest in January. As of January 15th, there was short interest totalling 9,400,000 shares, an increase of 22.7% from the December 31st total of 7,660,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is presently 6.9 days. Currently, 12.5% of the shares of the company are short sold. View Lumentum's Current Options Chain.
What other stocks do shareholders of Lumentum own?
Who are Lumentum's key executives?
Lumentum's management team includes the folowing 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)
Who are Lumentum's major shareholders?
Lumentum's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (2.29%), Eagle Asset Management Inc. (1.25%), Pinnacle Associates Ltd. (1.12%), Victory Capital Management Inc. (1.09%), Victory Capital Management Inc. (1.09%) and Charles Schwab Investment Management Inc. (0.94%). Company insiders that own Lumentum stock include Aaron Tachibana, 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 major investors are selling Lumentum stock?
LITE stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Peregrine Capital Management LLC, Artemis Investment Management LLP, Cramer Rosenthal Mcglynn LLC, Emerald Mutual Fund Advisers Trust, Pinnacle Associates Ltd., Schroder Investment Management Group and State of Tennessee Treasury Department. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, Vincent Retort and Wajid Ali. View Insider Buying and Selling for Lumentum.
Which major investors are buying Lumentum stock?
LITE stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace North America L.P., Victory Capital Management Inc., Victory Capital Management Inc., Westpac Banking Corp, DE Burlo Group Inc., UBS Group AG and Resources Investment Advisors LLC.. View Insider Buying and Selling 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 $87.00.
MarketBeat Community Rating for Lumentum (NASDAQ LITE)
MarketBeat's community ratings are surveys of what our community members think about Lumentum and other stocks. Vote "Outperform" if you believe LITE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LITE will underperform the S&P 500 over the long term. You may vote once every thirty days.
