Lumentum Holdings Company Profile (NASDAQ:LITE)

Lumentum Holdings trades on the NASDAQ under the ticker symbol "LITE."

Lumentum Holdings Inc. (NASDAQ:LITE) announced its quarterly earnings results on Thursday, May, 4th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. The business had revenue of $255.80 million for the quarter, compared to analyst estimates of $257.22 million. Lumentum Holdings had a positive return on equity of 19.55% and a negative net margin of 3.28%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. View Lumentum Holdings' Earnings History.

Lumentum Holdings updated its second quarter earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $0.30-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55. The company issued revenue guidance of $220-235 million, compared to the consensus revenue estimate of $273.55 million.

14 analysts have issued 12-month target prices for Lumentum Holdings' shares. Their predictions range from $44.00 to $80.00. On average, they expect Lumentum Holdings' share price to reach $59.23 in the next twelve months. View Analyst Ratings for Lumentum Holdings.

Here are some recent quotes from research analysts about Lumentum Holdings 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. " (7/5/2017)
• 2. Stifel Nicolaus analysts commented, "Earlier today at the 2017 Optical Fiber Communication Conference and Exposition (OFC) in Los Angeles we met with Lumentum's CEO, Alan Lowe, and VP of Strategy and Corporate Development, Chris Coldren, with discussions focused largely on China demand, ROADM deployments, progress with the QSFP28 and CFP2-ACO, the recently announced partnership with Ciena, and 3D sensing." (3/22/2017)
• 3. Needham & Company LLC analysts commented, "China is a bit sluggish, but it's still early. Data Comm is shifting into high gear, but the mix is shifting to shorter reach lower ASPs. Metro Core in US/EMEA is strengthening. China ROADMs may take another quarter or two to kick in. Industrial lasers look ahead of target. Pump Lasers are sold out and are strong indicators of future. And then there is 3D Sensing, which could be a major driver. We see strong legs and breadth to the optical market. Breath deep, repeat after us, "it's only the seasonally slow quarter." We expect demand to strengthen as the year progresses. We expect strengthening Data Comm, strengthening Metro Core, stronger DCI demand, and yes, we expect orders from China to strengthen and ROADM sales to kick in. Oh, and we love 3D Sensing." (3/13/2017)

Some companies that are related to Lumentum Holdings include CommScope Holding Company (COMM), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Ciena Corporation (CIEN), Belden (BDC), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Applied Optoelectronics (AAOI), Infinera Corporation (INFN), Acacia Communications (ACIA), Plantronics (PLT), Oclaro (OCLR), ADTRAN (ADTN) and Sierra Wireless (SWIR).

Lumentum Holdings' management team includes the folowing people:

• Martin A. Kaplan, Independent Chairman of the Board
• Alan S. Lowe, President, Chief Executive Officer, Director
• Aaron Tachibana, Chief Financial Officer
• Vincent Retort, Chief Operating Officer, Executive Vice President
• Jason Reinhardt, Executive Vice President, Global Sales and Product Line Management
• Judy Hamel, General Counsel, Secretary
• Harold L. Covert Jr., Independent Director
• Penelope A. Herscher, Independent Director
• Brian J. Lillie, Independent Director
• Samuel F. Thomas, Independent Director

Lumentum Holdings' stock is owned by many different of institutional and retail investors. Top institutional investors include Copper Rock Capital Partners LLC (1.24%), Sumitomo Mitsui Asset Management Company LTD (1.15%), Russell Investments Group Ltd. (0.56%), Fisher Asset Management LLC (0.22%), KAMES CAPITAL plc (0.17%) and Bank of Montreal Can (0.09%). Company insiders that own Lumentum Holdings stock include Aaron Tachibana, Alan S Lowe, Craig Cocchi, Harold L Covert, Jason Reinhardt, Judy G Hamel, Penny Herscher, Viavi Solutions Inc and Vincent Retort. View Institutional Ownership Trends for Lumentum Holdings.

Lumentum Holdings' stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Bank of Montreal Can, Copper Rock Capital Partners LLC, Riggs Asset Managment Co. Inc., Capstone Asset Management Co., Fisher Asset Management LLC and Chase Investment Counsel Corp. Company insiders that have sold Lumentum Holdings stock in the last year include Aaron Tachibana, Alan S Lowe, Harold L Covert, Jason Reinhardt, Judy G Hamel and Vincent Retort. View Insider Buying and Selling for Lumentum Holdings.

Lumentum Holdings' stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., KAMES CAPITAL plc, SpiderRock Advisors LLC, Hellman Jordan Management Co. Inc. MA, Gateway Investment Advisers LLC, Aperio Group LLC, State of Alaska Department of Revenue and Strs Ohio. View Insider Buying and Selling for Lumentum Holdings.

Shares of Lumentum Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Lumentum Holdings stock can currently be purchased for approximately $64.90.