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 Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Phone408-546-5483
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.57 billion
Profitability
Miscellaneous
Employees2,930
Next Earnings Date11/7/2019 (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 data on Thursday, August, 8th. The technology company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.21. The technology company earned $404.60 million during the quarter, compared to analysts' expectations of $383.54 million. Lumentum had a positive return on equity of 18.19% and a negative net margin of 2.33%. Lumentum's revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. View Lumentum's Earnings History.
When is Lumentum's next earnings date?
What guidance has Lumentum issued on next quarter's earnings?
Lumentum updated its first quarter earnings guidance on Thursday, August, 8th. The company provided earnings per share (EPS) guidance of $1.12-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. The company issued revenue guidance of $435-455 million, compared to the consensus revenue estimate of $439.80 million.
What price target have analysts set for LITE?
16 brokers have issued twelve-month price objectives for Lumentum's shares. Their predictions range from $56.00 to $80.00. On average, they anticipate Lumentum's share price to reach $70.2656 in the next year. This suggests a possible upside of 25.9% 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 14 buy ratings and 2 strong 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. " (8/10/2019)
- 2. Rosenblatt Securities analysts commented, "We believe Lumentum’s earnings call supports our belief of strong demand in the telecom market for ROADM and pump lasers. In addition, we think Lumentum’s 3D sensing business increased its diversification as the company added Android clients. We believe Huawei contributed ~$10 million towards 3D sensing revenue. Although iPhone 3D sensing orders declined sequentially from C1Q to C2Q due to seasonality, which led to a q/q decline in 3D sensing revenues for LITE, we expect LITE’s 3D sensing business to rebound strongly in the second half of calendar year 2019. We also expect the iPhone to adopt new 3D sensing solutions with more VCSEL units in a smaller chipset in the 2nd half of 2019." (5/7/2019)
- 3. Northland Securities analysts commented, "We further reduce our FQ4 revenue ests as a result, with EPS unchanged given the low GMs and losses associated with the unit, and increase our PT to $70 reflecting both the higher margin profile of the remaining datacom chip revenue as well as further indications of both short and medium terms conservatism in 3DS estimates. Key Points The CIG deal was announced in early March at OFC, leading us to modestly increase our $80M reduction in revs and our PT to $64. We make modest additional cuts in revs as a result of the company’s guide but no changes to EPS, despite some positive offset in laser chip revs from a long term supply agreement between LITE and CIG, adding to an already substantial high margin OCLR datacom laser unit we estimate in the $10-15M/Q range." (4/22/2019)
Has Lumentum been receiving favorable news coverage?
News articles about LITE stock have trended positive this week, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lumentum earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Lumentum.
Who are some of Lumentum's key competitors?
Some companies that are related to Lumentum include AAC TECHNOLOGIE/ADR (AACAY), Iridium Communications (IRDM), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), Inseego (INSG), Iteris (ITI), Turtle Beach (HEAR), Magal Security Systems (MAGS), UTStarcom (UTSI), I.D. Systems (IDSY), Rekor Systems (REKR), Risk (George) Industries (RSKIA) and Grow Capital (GRWC).
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 many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.37%), Nuveen Asset Management LLC (1.80%), Northern Trust Corp (1.61%), Westfield Capital Management Co. LP (1.34%), Pinnacle Associates Ltd. (1.30%) and Eagle Asset Management Inc. (1.28%). Company insiders that own Lumentum stock include Aaron Tachibana, Alan S Lowe, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher and Vincent Retort. 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 Holocene Advisors LP, AQR Capital Management LLC, Artemis Investment Management LLP, Cramer Rosenthal Mcglynn LLC, Polar Asset Management Partners Inc., Jefferies Group LLC, Pinnacle Associates Ltd. and Vanguard Group Inc.. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher and Vincent Retort. View Insider Buying and Selling for Lumentum.
Which institutional investors are buying Lumentum stock?
LITE stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Westfield Capital Management Co. LP, Victory Capital Management Inc., Tairen Capital Ltd, Maverick Capital Ltd., United Services Automobile Association, Advisors Capital Management LLC and Neumeier Poma Investment Counsel 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, Scottrade, Fidelity and Charles Schwab.
What is Lumentum's stock price today?
One share of LITE stock can currently be purchased for approximately $55.82.
How big of a company is Lumentum?
Lumentum has a market capitalization of $4.26 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 2,930 workers across the globe.View Additional Information About Lumentum.
What is Lumentum's official website?
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]
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.
