NASDAQ:LITE - Lumentum Stock Price, Forecast & News

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

Lumentum Holdings Inc (NASDAQ:LITE) released its quarterly earnings results on Tuesday, February, 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.24. The technology company earned $457.80 million during the quarter, compared to the consensus estimate of $452.18 million. Lumentum had a positive return on equity of 20.63% and a negative net margin of 0.19%. The firm's revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 EPS. View Lumentum's Earnings History.

Lumentum is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Lumentum.

Lumentum issued an update on its third quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $1.00-1.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.03. The company issued revenue guidance of $400-425 million, compared to the consensus revenue estimate of $409.00 million.

16 equities research analysts have issued 1 year price targets for Lumentum's shares. Their forecasts range from $60.00 to $105.00. On average, they anticipate Lumentum's stock price to reach $87.78 in the next year. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Lumentum.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lumentum.

Media coverage about LITE stock has trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lumentum earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines 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 term. View News Stories for Lumentum.

Lumentum saw a increase in short interest during the month of January. As of January 15th, there was short interest totalling 9,400,000 shares, an increase of 22.7% from the December 31st total of 7,660,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is presently 6.9 days. Approximately 12.5% of the company's shares are short sold. View Lumentum's Current Options Chain.

Some companies that are related to Lumentum include AAC TECHNOLOGIE/ADR (AACAY), Iridium Communications (IRDM), ESCO Technologies (ESE), Vocera Communications (VCRA), Inseego (INSG), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), PowerFleet (PWFL), Iteris (ITI), I.D. Systems (IDSY), Turtle Beach (HEAR), Rekor Systems (REKR), UTStarcom (UTSI), Magal Security Systems (MAGS) and Risk (George) Industries (RSKIA).

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), Netflix (NFLX), Applied Materials (AMAT), Adobe (ADBE), Walt Disney (DIS), Canopy Growth (CGC) and salesforce.com (CRM).

Lumentum's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.29%), Geode Capital Management LLC (1.44%), Eagle Asset Management Inc. (1.25%), Pinnacle Associates Ltd. (1.12%), Victory Capital Management Inc. (1.09%) and Victory Capital Management Inc. (1.09%). Company insiders that own Lumentum stock include Aaron Tachibana, 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.

LITE stock was sold by a variety of institutional investors in the last quarter, including AXA, Man Group plc, Point72 Asset Management L.P., Peregrine Capital Management LLC, Artemis Investment Management LLP, Cramer Rosenthal Mcglynn LLC, Emerald Mutual Fund Advisers Trust and Pinnacle Associates Ltd.. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, Vincent Retort and Wajid Ali. View Insider Buying and Selling for Lumentum.

LITE stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Marshall Wace North America L.P., Victory Capital Management Inc., Victory Capital Management Inc., Westpac Banking Corp, DE Burlo Group Inc., UBS Group AG and Resources Investment Advisors LLC.. View Insider Buying and Selling for 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.

One share of LITE stock can currently be purchased for approximately $83.14.

Lumentum has a market capitalization of $6.21 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.View Additional Information About Lumentum.

The official website for Lumentum is http://www.lumentum.com/.

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]