NASDAQ:LITE - Lumentum Stock Price, News, & Analysis

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$46.16 +1.74 (+3.92 %)
(As of 05/21/2019 04:00 PM ET)
Previous Close$44.42
Today's Range$45.8850 - $48.62
52-Week Range$37.00 - $69.95
Volume3.36 million shs
Average Volume1.69 million shs
Market Capitalization$3.53 billion
P/E Ratio14.25
Dividend YieldN/A
Beta0.68
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.25 billion
Cash Flow$4.8487 per share
Book Value$19.68 per share

Profitability

Net Income$248.10 million

Miscellaneous

Employees2,930
Market Cap$3.53 billion
Next Earnings Date8/14/2019 (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) announced its earnings results on Tuesday, May, 7th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.22. The technology company earned $433 million during the quarter, compared to analyst estimates of $428.33 million. Lumentum had a return on equity of 19.94% and a net margin of 1.57%. The business's revenue was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 EPS. View Lumentum's Earnings History.

When is Lumentum's next earnings date?

Lumentum is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Lumentum.

What guidance has Lumentum issued on next quarter's earnings?

Lumentum updated its fourth quarter earnings guidance on Monday, May, 20th. The company provided earnings per share (EPS) guidance of $0.65-0.77 for the period, compared to the Thomson Reuters consensus estimate of $0.92. The company issued revenue guidance of $375-390 million, compared to the consensus revenue estimate of $415.32 million.

What price target have analysts set for LITE?

18 analysts have issued 1-year price objectives for Lumentum's stock. Their predictions range from $52.00 to $80.00. On average, they expect Lumentum's stock price to reach $68.0556 in the next twelve months. This suggests a possible upside of 47.4% from the stock's current price. View Analyst Price Targets for Lumentum.

What is the consensus analysts' recommendation for Lumentum?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 16 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. " (5/10/2019)
  • 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?

Media stories about LITE stock have trended somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lumentum earned a daily sentiment score of -1.2 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future.

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), Applied Optoelectronics (AAOI), Applied Materials (AMAT), Advanced Micro Devices (AMD), Intel (INTC), Netflix (NFLX), Canopy Growth (CGC) and QUALCOMM (QCOM).

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 a variety of of retail and institutional investors. Top institutional shareholders include Ellis Investment Partners LLC (1.96%), Dimensional Fund Advisors LP (1.62%), Northern Trust Corp (1.59%), Pinnacle Associates Ltd. (1.41%), AQR Capital Management LLC (1.30%) and Geode Capital Management LLC (1.23%). 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 major investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Gilder Gagnon Howe & Co. LLC, Neuberger Berman Group LLC, Voya Investment Management LLC, Emerald Advisers LLC, State of New Jersey Common Pension Fund D, Emerald Mutual Fund Advisers Trust and First Trust Advisors LP. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe and Penny Herscher. View Insider Buying and Selling for Lumentum.

Which major investors are buying Lumentum stock?

LITE stock was purchased by a variety of institutional investors in the last quarter, including Ellis Investment Partners LLC, AO Asset Management LP, Copper Rock Capital Partners LLC, AQR Capital Management LLC, Peregrine Capital Management LLC, State of Wisconsin Investment Board, State of Tennessee Treasury Department and AlphaOne Investment Services 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 $46.16.

How big of a company is Lumentum?

Lumentum has a market capitalization of $3.53 billion and generates $1.25 billion in revenue each year. The technology company earns $248.10 million in net income (profit) each year or $3.24 on an earnings per share basis. Lumentum employs 2,930 workers across the globe.

What is Lumentum's official website?

The official website for Lumentum is http://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]


MarketBeat Community Rating for Lumentum (NASDAQ LITE)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  642 (Vote Outperform)
Underperform Votes:  371 (Vote Underperform)
Total Votes:  1,013
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.
This page was last updated on 5/21/2019 by MarketBeat.com Staff

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