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

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$51.87 -0.97 (-1.84 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$52.84
Today's Range$51.27 - $53.16
52-Week Range$37.00 - $69.95
Volume102,638 shs
Average Volume1.70 million shs
Market Capitalization$3.95 billion
P/E Ratio16.02
Dividend YieldN/A
Beta0.64
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$4.7806 per share
Book Value$14.79 per share

Profitability

Net Income$248.10 million

Miscellaneous

Employees2,930
Market Cap$3.95 billion
Next Earnings Date5/1/2019 (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) released its quarterly earnings data on Tuesday, February, 5th. The technology company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.15. The technology company earned $373.70 million during the quarter, compared to the consensus estimate of $365.08 million. Lumentum had a return on equity of 20.24% and a net margin of 7.50%. The firm's revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. View Lumentum's Earnings History.

When is Lumentum's next earnings date?

Lumentum is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Lumentum.

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

Lumentum updated its third quarter earnings guidance on Tuesday, February, 5th. The company provided earnings per share guidance of $0.76-0.94 for the period, compared to the Thomson Reuters consensus estimate of $0.91. The company issued revenue guidance of $420-440 million, compared to the consensus revenue estimate of $435.67 million.Lumentum also updated its Q3 2019 guidance to $0.76-0.94 EPS.

What price target have analysts set for LITE?

18 analysts have issued 12-month price objectives for Lumentum's shares. Their predictions range from $52.00 to $98.00. On average, they expect Lumentum's share price to reach $69.5556 in the next twelve months. This suggests a possible upside of 34.1% 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 1 hold rating, 15 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. Northland Securities analysts commented, "We continue to see LITE’s shares as dramatically undervalued trading under 9X our (modestly) upwardly revised ests, and we increase our PT to $64 incorporating a still very conservative 12X PE relative to Top 2 customer CIEN trading at 20X even after weakness post a very solid quarter. We assume that is in part a result of concerns around 3DS/AAPL that appear to have evaporated elsewhere across the ecosystem (IQE Win) with our estimates remaining conservative for both AAPL, with market share estimates under 70% despite little signs of competition, and modest Android growth and market share assumptions despite multiple launches at MWC. We are hyper aggressive buyers here on headline CIEN weakness with LITE taking yet another page from the AVGO playbook." (3/6/2019)
  • 2. 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. " (2/21/2019)

Has Lumentum been receiving favorable news coverage?

News coverage about LITE stock has been trending positive on Monday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lumentum earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Lumentum?

Lumentum saw a increase in short interest in the month of February. As of February 15th, there was short interest totalling 5,505,455 shares, an increase of 35.0% from the January 31st total of 4,078,610 shares. Based on an average trading volume of 2,336,895 shares, the days-to-cover ratio is currently 2.4 days. Approximately 7.5% of the company's stock are short sold. View Lumentum's Current Options Chain.

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), Applied Materials (AMAT), Applied Optoelectronics (AAOI), Advanced Micro Devices (AMD), Netflix (NFLX), Intel (INTC), Square (SQ) and Broadcom (AVGO).

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 number of of retail and institutional investors. Top institutional investors include Oregon Public Employees Retirement Fund (1.94%), Northern Trust Corp (1.52%), Dimensional Fund Advisors LP (1.49%), Pinnacle Associates Ltd. (1.73%), Eagle Asset Management Inc. (1.13%) and Geode Capital Management LLC (1.11%). 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 Victory Capital Management Inc., New York State Common Retirement Fund, Millennium Management LLC, Weiss Multi Strategy Advisers LLC, Pinnacle Associates Ltd., Tygh Capital Management Inc., Arrowgrass Capital Partners US LP and James Investment Research Inc.. Company insiders that have sold Lumentum company stock in the last year 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 Insider Buying and Selling for Lumentum.

Which major investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Westfield Capital Management Co. LP, State of New Jersey Common Pension Fund D, State of Tennessee Treasury Department, Dimensional Fund Advisors LP, Elk Creek Partners LLC and Geode Capital Management 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 $51.8834.

How big of a company is Lumentum?

Lumentum has a market capitalization of $3.95 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/en.

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:  612 (Vote Outperform)
Underperform Votes:  356 (Vote Underperform)
Total Votes:  968
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 3/25/2019 by MarketBeat.com Staff

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