NASDAQ:LITELumentum Stock Price, Forecast & News

$73.56

+1.84 (+2.57 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$71.67

Now: $73.56▼

$74.24

50-Day Range

$66.86

MA: $76.09▼

$84.41

52-Week Range

$40.28

Now: $73.56▼

$93.23

Volume1.42 million shs

Average Volume1.70 million shs

Market Capitalization$5.51 billion

P/E Ratio50.38

Dividend YieldN/A

Beta1.06

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.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Lumentum has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 15 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $90.44, Lumentum has a potential upside of 23.0% from its current price of $73.56.
Amount of Analyst Coverage
Lumentum has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
Lumentum has received 769 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Lumentum has received 464 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Lumentum has received 62.37% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Lumentum does not currently pay a dividend.
Dividend Growth
Lumentum does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lumentum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $860,830.00 in company stock.
Percentage Held by Insiders
Only 0.48% of the stock of Lumentum is held by insiders.
Percentage Held by Institutions
93.86% of the stock of Lumentum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Lumentum are expected to grow by 8.45% in the coming year, from $4.14 to $4.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lumentum is 50.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lumentum is 50.38, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.72.
Price to Earnings Growth Ratio
Lumentum has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Lumentum has a P/B Ratio of 3.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Communications equipment, not elsewhere classified

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:LITE

Previous SymbolNASDAQ:LITEV

CUSIPN/A

CIK1633978

Webwww.lumentum.com

Phone408-546-5483

Debt

Debt-to-Equity Ratio0.67

Current Ratio6.85

Quick Ratio6.24

Price-To-Earnings

Trailing P/E Ratio50.38

Forward P/E Ratio17.77

P/E Growth0.99

Sales & Book Value

Annual Sales$1.57 billion

Price / Sales3.52

Cash Flow$6.11 per share

Price / Cash Flow12.03

Book Value$19.60 per share

Price / Book3.75

Profitability

EPS (Most Recent Fiscal Year)$3.30

Net Income$-36,400,000.00

Net Margins6.66%

Return on Equity20.47%

Return on Assets10.98%

Miscellaneous

Employees5,161

Outstanding Shares74,900,000

Market Cap$5.51 billion

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Lumentum (NASDAQ:LITE) Frequently Asked Questions

How has Lumentum's stock been impacted by COVID-19 (Coronavirus)?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LITE shares have increased by 2.4% and is now trading at $73.56. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lumentum?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 sell rating, 2 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lumentum.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Lumentum.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc (NASDAQ:LITE) announced its quarterly earnings data on Tuesday, May, 5th. The technology company reported $1.26 EPS for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.21. The technology company earned $402.80 million during the quarter, compared to analyst estimates of $408.54 million. Lumentum had a net margin of 6.66% and a return on equity of 20.47%. The firm's quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. View Lumentum's earnings history.

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

Lumentum issued an update on its fourth quarter earnings guidance on Tuesday, May, 5th. The company provided EPS guidance of $0.70-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05. The company issued revenue guidance of $325-365 million, compared to the consensus revenue estimate of $410.90 million.

What price target have analysts set for LITE?

18 analysts have issued 1-year target prices for Lumentum's shares. Their forecasts range from $65.00 to $105.00. On average, they anticipate Lumentum's stock price to reach $90.44 in the next twelve months. This suggests a possible upside of 23.0% from the stock's current price. View analysts' price targets 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. " (5/20/2020)
2. Rosenblatt Securities analysts commented, "We are trimming our December revenue estimates by -13.4% due to Apple pulling- in components earlier than expected, impacting Lumentum’s 3D sensing revenue. We continue to believe Lumentum will be a beneficiary of 5G. We maintain our buy rating and $80 price target." (9/24/2019)

Has Lumentum been receiving favorable news coverage?

Headlines about LITE stock have been trending very positive this week, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lumentum earned a news impact score of 4.0 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutLumentum.

Are investors shorting Lumentum?

Lumentum saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,490,000 shares, a decline of 6.7% from the April 30th total of 8,030,000 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 10.3% of the company's shares are short sold. View Lumentum's Current Options Chain.

Who are some of Lumentum's key competitors?

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), Iteris (ITI), Turtle Beach (HEAR), PowerFleet (PWFL), I.D. Systems (IDSY), Rekor Systems (REKR), Magal Security Systems (MAGS), UTStarcom (UTSI) and Risk (George) Industries (RSKIA). View all 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), Advanced Micro Devices (AMD), salesforce.com (CRM), Walt Disney (DIS), QUALCOMM (QCOM), Applied Materials (AMAT), Intel (INTC) and Square (SQ).

Who are Lumentum's key executives?

Lumentum's management team includes the following 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)

What is Lumentum's stock symbol?

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

Who are Lumentum's major shareholders?

Lumentum's stock is owned by many different retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.52%), Fisher Asset Management LLC (1.37%), Carillon Tower Advisers Inc. (1.17%), Eagle Asset Management Inc. (1.16%), Victory Capital Management Inc. (1.10%) and Victory Capital Management Inc. (1.10%). Company insiders that own Lumentum stock include 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.

Which major investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Deutsche Bank AG, Nuveen Asset Management LLC, Peregrine Capital Management LLC, Neumeier Poma Investment Counsel LLC, Pinnacle Associates Ltd., Principal Financial Group Inc., and Eagle Asset Management Inc.. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher, Vincent Retort, and Wajid Ali. View insider buying and selling activity for Lumentum.

Which major investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Matrix Capital Management Company LP, Scout Investments Inc., Robecosam AG, Vaughan Nelson Investment Management L.P., Nan Shan Life Insurance Co. Ltd., Carillon Tower Advisers Inc., First Trust Advisors LP, and Ameritas Investment Company LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $73.56.

How big of a company is Lumentum?

Lumentum has a market capitalization of $5.51 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.

What is Lumentum's official website?

The official website for Lumentum is 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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff