NASDAQ:LITE - Lumentum Stock Price, Forecast & News

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

Lumentum Holdings Inc (NASDAQ:LITE) issued its quarterly earnings data on Thursday, October, 31st. The technology company reported $1.44 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.20 by $0.24. The technology company earned $449.90 million during the quarter, compared to analyst estimates of $448.16 million. Lumentum had a negative net margin of 2.18% and a positive return on equity of 17.81%. Lumentum's quarterly revenue was up 27.1% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. View Lumentum's Earnings History.

Lumentum is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Lumentum.

Lumentum will be holding an earnings conference call on Tuesday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Lumentum updated its second quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. The company issued revenue guidance of $445-460 million, compared to the consensus revenue estimate of $429.93 million.

15 brokerages have issued twelve-month price objectives for Lumentum's shares. Their forecasts range from $60.00 to $93.00. On average, they expect Lumentum's share price to reach $79.13 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price. View Analyst Price Targets for Lumentum.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lumentum.

Media stories about LITE stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lumentum earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Lumentum.

Lumentum saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,400,000 shares, an increase of 22.7% from the December 15th total of 7,660,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 6.9 days. Currently, 12.5% of the shares of the stock 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), Inseego (INSG), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), PowerFleet (PWFL), Iteris (ITI), I.D. Systems (IDSY), Turtle Beach (HEAR), UTStarcom (UTSI), Magal Security Systems (MAGS), Rekor Systems (REKR) and Risk (George) Industries (RSKIA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Lumentum investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Applied Materials (AMAT), Netflix (NFLX), salesforce.com (CRM), Baidu (BIDU), Square (SQ) and Adobe (ADBE).

Lumentum's stock is owned by a number of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.65%), Copper Rock Capital Partners LLC (0.28%), Advisors Capital Management LLC (0.22%), Smith Graham & Co. Investment Advisors LP (0.17%), Tocqueville Asset Management L.P. (0.13%) and Artemis Investment Management LLP (0.13%). 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 Peregrine Capital Management LLC, Artemis Investment Management LLP, Smith Graham & Co. Investment Advisors LP, Tocqueville Asset Management L.P., Advisors Capital Management LLC, Janney Montgomery Scott LLC, State of Alaska Department of Revenue and Commerzbank Aktiengesellschaft FI. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Harold L Covert, 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 bought by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Grassi Investment Management, Perigon Wealth Management LLC, Ellis Investment Partners LLC, Carroll Financial Associates Inc., Nisa Investment Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank and Louisiana State Employees Retirement System. 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 $78.08.

Lumentum has a market capitalization of $6.03 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]