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NASDAQ:LITELumentum Stock Price, Forecast & News

$89.20
-2.14 (-2.34 %)
(As of 08/10/2020 02:19 PM ET)
Add
Compare
Today's Range
$87.61
Now: $89.20
$91.75
50-Day Range
$72.84
MA: $83.20
$95.56
52-Week Range
$48.44
Now: $89.20
$96.74
Volume74,505 shs
Average Volume1.05 million shs
Market Capitalization$6.68 billion
P/E Ratio61.10
Dividend YieldN/A
Beta1.03
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. 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; optical transceivers for fiber channel and Ethernet applications; integrated fiber optic transceivers; vertical-cavity surface-emitting lasers; distributed feedback 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 Milpitas, California.
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Lumentum logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.22 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.57 billion
Cash Flow$5.97 per share
Book Value$19.60 per share

Profitability

Net Income$-36,400,000.00

Miscellaneous

Employees5,161
Market Cap$6.68 billion
Next Earnings Date8/11/2020 (Confirmed)
OptionableOptionable
$89.20
-2.14 (-2.34 %)
(As of 08/10/2020 02:19 PM 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 COVID-19 (Coronavirus)?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LITE shares have increased by 24.5% and is now trading at $89.43.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Lumentum?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 sell rating, 2 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Lumentum
.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020.
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, August 11th 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) released its earnings results on Tuesday, May, 5th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.21. The technology company had revenue of $402.80 million for the quarter, compared to analyst estimates of $408.54 million. Lumentum had a net margin of 6.66% and a return on equity of 20.47%. The company's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share.
View Lumentum's earnings history
.

What price target have analysts set for LITE?

17 Wall Street analysts have issued twelve-month price targets for Lumentum's shares. Their forecasts range from $75.00 to $110.00. On average, they anticipate Lumentum's share price to reach $96.29 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for Lumentum
.

Has Lumentum been receiving favorable news coverage?

Press coverage about LITE stock has been trending very positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lumentum earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Lumentum
.

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), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), salesforce.com (CRM), Walt Disney (DIS), QUALCOMM (QCOM), Applied Materials (AMAT), Intel (INTC) and Square (SQ).

Who are Lumentum's key executives?

Lumentum's management team includes the following 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)

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 institutional and retail investors. Top institutional investors include Mint Tower Capital Management B.V. (13.35%), Copper Rock Capital Partners LLC (6.51%), Fisher Asset Management LLC (1.29%), Robecosam AG (0.81%), Alphinity Investment Management Pty Ltd (0.66%) and Scout Investments Inc. (0.55%). Company insiders that own Lumentum stock include 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 Victory Capital Management Inc., Mesirow Financial Investment Management Equity Management, Emerald Advisers LLC, UBS Group AG, Fisher Asset Management LLC, Paradigm Capital Management Inc. NY, Peregrine Capital Management LLC, and Mutual of America Capital Management LLC. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum
.

Which major investors are buying Lumentum stock?

LITE stock was bought by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Copper Rock Capital Partners LLC, Cookson Peirce & Co. Inc., Todd Asset Management LLC, State Board of Administration of Florida Retirement System, Alphinity Investment Management Pty Ltd, Russell Investments Group Ltd., and Scout Investments Inc..
View insider buying and selling activity 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 $89.43.

How big of a company is Lumentum?

Lumentum has a market capitalization of $6.70 billion and generates $1.57 billion in revenue each year. The technology company earns $-36,400,000.00 in net income (profit) each year or $3.30 on an earnings per share basis. Lumentum employs 5,161 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 8/10/2020 by MarketBeat.com Staff

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