Lumentum Holdings Company Profile (NASDAQ:LITE)

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

Lumentum Holdings Inc (NASDAQ:LITE) released its quarterly earnings data on Wednesday, August, 9th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.18. The business had revenue of $222.70 million for the quarter, compared to the consensus estimate of $229.45 million. Lumentum Holdings had a negative return on equity of 40.72% and a negative net margin of 24.65%. The business's revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. View Lumentum Holdings' Earnings History.

Lumentum Holdings is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Lumentum Holdings.

Lumentum Holdings updated its third quarter earnings guidance on Wednesday, August, 9th. The company provided earnings per share guidance of $0.50-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.55. The company issued revenue guidance of $245-265 million, compared to the consensus revenue estimate of $271.55 million.

15 analysts have issued 1-year price targets for Lumentum Holdings' stock. Their predictions range from $44.00 to $83.00. On average, they expect Lumentum Holdings' stock price to reach $64.36 in the next twelve months. View Analyst Ratings for Lumentum Holdings.

Here are some recent quotes from research analysts about Lumentum Holdings 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. " (8/15/2017)
• 2. Stifel Nicolaus analysts commented, "Earlier today at the 2017 Optical Fiber Communication Conference and Exposition (OFC) in Los Angeles we met with Lumentum's CEO, Alan Lowe, and VP of Strategy and Corporate Development, Chris Coldren, with discussions focused largely on China demand, ROADM deployments, progress with the QSFP28 and CFP2-ACO, the recently announced partnership with Ciena, and 3D sensing." (3/22/2017)
• 3. Needham & Company LLC analysts commented, "China is a bit sluggish, but it's still early. Data Comm is shifting into high gear, but the mix is shifting to shorter reach lower ASPs. Metro Core in US/EMEA is strengthening. China ROADMs may take another quarter or two to kick in. Industrial lasers look ahead of target. Pump Lasers are sold out and are strong indicators of future. And then there is 3D Sensing, which could be a major driver. We see strong legs and breadth to the optical market. Breath deep, repeat after us, "it's only the seasonally slow quarter." We expect demand to strengthen as the year progresses. We expect strengthening Data Comm, strengthening Metro Core, stronger DCI demand, and yes, we expect orders from China to strengthen and ROADM sales to kick in. Oh, and we love 3D Sensing." (3/13/2017)

Lumentum Holdings saw a increase in short interest in August. As of August 31st, there was short interest totalling 10,238,077 shares, an increase of 24.2% from the August 15th total of 8,241,372 shares. Based on an average trading volume of 1,909,254 shares, the days-to-cover ratio is currently 5.4 days. Approximately 17.3% of the shares of the stock are short sold.

Some companies that are related to Lumentum Holdings include CommScope Holding Company (COMM), Echostar (SATS), ARRIS International PLC (ARRS), Brocade Communications Systems (BRCD), ViaSat (VSAT), Belden (BDC), Ciena Corporation (CIEN), InterDigital (IDCC), Finisar Corporation (FNSR), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Oclaro (OCLR), Plantronics (PLT), Applied Optoelectronics (AAOI), Infinera Corporation (INFN), ADTRAN (ADTN) and Vocera Communications (VCRA).

Lumentum Holdings' management team includes the folowing people:

• Martin A. Kaplan, Independent Chairman of the Board
• Alan S. Lowe, President, Chief Executive Officer, Director
• Aaron Tachibana, Chief Financial Officer, Executive Vice President
• Vincent Retort, Chief Operating Officer, Executive Vice President
• Jason Reinhardt, Executive Vice President, Global Sales and Product Line Management
• Judy Hamel, Vice President, General Counsel, Secretary
• Harold L. Covert Jr., Independent Director
• Penelope A. Herscher, Independent Director
• Brian J. Lillie, Independent Director
• Samuel F. Thomas, Independent Director

Lumentum Holdings' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.27%), Capital Research Global Investors (10.73%), Vanguard Group Inc. (8.72%), Bank of New York Mellon Corp (4.35%), Alliancebernstein L.P. (3.44%) and Gilder Gagnon Howe & Co. LLC (3.43%). Company insiders that own Lumentum Holdings stock include Aaron Tachibana, Alan S Lowe, Craig Cocchi, Harold L Covert, Jason Reinhardt, Judy G Hamel, Penny Herscher, Viavi Solutions Inc and Vincent Retort. View Institutional Ownership Trends for Lumentum Holdings.

Lumentum Holdings' stock was sold by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Sumitomo Mitsui Asset Management Company LTD, UBS Asset Management Americas Inc., State of New Jersey Common Pension Fund D, Victory Capital Management Inc., AO Asset Management LLC, Bank of Montreal Can and Whale Rock Capital Management LLC. Company insiders that have sold Lumentum Holdings stock in the last year include Aaron Tachibana, Alan S Lowe, Harold L Covert, Jason Reinhardt, Judy G Hamel, Penny Herscher and Vincent Retort. View Insider Buying and Selling for Lumentum Holdings.

Lumentum Holdings' stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Columbus Circle Investors, BlackRock Inc., Gilder Gagnon Howe & Co. LLC, Lord Abbett & CO. LLC, FMR LLC, Hood River Capital Management LLC and Alliancebernstein L.P.. View Insider Buying and Selling for Lumentum Holdings.

Shares of Lumentum Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Lumentum Holdings stock can currently be purchased for approximately $56.65.