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S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
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NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$93.53
+3.52 (+3.91 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
$89.23
Now: $93.53
$93.73
50-Day Range
$87.07
MA: $96.85
$108.93
52-Week Range
$59.06
Now: $93.53
$112.08
Volume1.17 million shs
Average Volume2.23 million shs
Market Capitalization$7.08 billion
P/E Ratio47.00
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

Headlines

Better Buy: Lumentum vs. Apple
February 18, 2021 |  finance.yahoo.com
See More Headlines

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
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$6.80 per share
Book Value$23.35 per share

Profitability

Net Income$135.50 million

Miscellaneous

Market Cap$7.08 billion
Next Earnings Date5/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.02 out of 5 stars

Computer And Technology Sector

37th out of 1,521 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 34 stocks

Analyst Opinion: 3.5Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$93.53
+3.52 (+3.91 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lumentum (NASDAQ:LITE) Frequently Asked Questions

Is Lumentum a buy right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 17 buy ratings for the stock. The consensus among Wall Street 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 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.

Are investors shorting Lumentum?

Lumentum saw a increase in short interest in January. As of January 29th, there was short interest totaling 8,450,000 shares, an increase of 29.4% from the January 14th total of 6,530,000 shares. Based on an average daily trading volume, of 1,590,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 11.5% of the shares of the stock are short sold.
View Lumentum's Short Interest
.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) announced its quarterly earnings data on Tuesday, February, 2nd. The technology company reported $1.99 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.61 by $0.38. The technology company had revenue of $478.80 million for the quarter, compared to the consensus estimate of $480.81 million. Lumentum had a net margin of 9.22% and a trailing twelve-month return on equity of 21.41%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 earnings per share.
View Lumentum's earnings history
.

How has Lumentum's stock price been impacted by COVID-19 (Coronavirus)?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LITE stock has increased by 30.2% and is now trading at $93.53.
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 third quarter 2021 Pre-Market earnings guidance on Tuesday, February, 2nd. The company provided EPS guidance of 1.31-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.32. The company issued revenue guidance of $425-440 million, compared to the consensus revenue estimate of $429.36 million.

What price target have analysts set for LITE?

18 Wall Street analysts have issued twelve-month target prices for Lumentum's stock. Their forecasts range from $98.00 to $138.00. On average, they anticipate Lumentum's share price to reach $113.50 in the next twelve months. This suggests a possible upside of 21.4% 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 variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (2.50%), Amundi Pioneer Asset Management Inc. (1.87%), Janus Henderson Group PLC (1.27%), Fisher Asset Management LLC (1.19%), Anatole Investment Management Ltd (1.18%) and Hood River Capital Management LLC (1.11%). 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 Verition Fund Management LLC, Alyeska Investment Group L.P., Alyeska Investment Group L.P., Renaissance Technologies LLC, State of Wisconsin Investment Board, Robecosam AG, Janus Henderson Group PLC, and Aviva PLC. 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 purchased by a variety of institutional investors in the last quarter, including Anatole Investment Management Ltd, Alliancebernstein L.P., Amundi Pioneer Asset Management Inc., Hood River Capital Management LLC, Panagora Asset Management Inc., Clough Capital Partners L P, Analog Century Management LP, and Reilly Financial Advisors LLC.
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 $93.53.

How much money does Lumentum make?

Lumentum has a market capitalization of $7.08 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 2/25/2021 by MarketBeat.com Staff

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