Lumentum - LITE Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LITE shares.
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12 Wall Street research analysts have issued 12-month price targets for Lumentum's stock. Their LITE share price forecasts range from $95.00 to $125.00. On average, they predict the company's share price to reach $111.75 in the next year. This suggests a possible upside of 60.8% from the stock's current price.
View analysts price targets for LITE or view top-rated stocks among Wall Street analysts.

Lumentum's stock was trading at $105.77 at the beginning of the year. Since then, LITE shares have decreased by 34.3% and is now trading at $69.49.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our LITE earnings forecast.

Lumentum Holdings Inc. (NASDAQ:LITE) issued its earnings results on Tuesday, August, 16th. The technology company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.07 by $0.08. The technology company had revenue of $422.10 million for the quarter, compared to analyst estimates of $417.99 million. Lumentum had a trailing twelve-month return on equity of 18.66% and a net margin of 11.61%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS.

Lumentum issued an update on its first quarter 2023 earnings guidance on Tuesday, September, 20th. The company provided earnings per share 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."

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 $69.49.

Lumentum (NASDAQ:LITE) has a market capitalization of $4.73 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.