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 results on Thursday, October, 31st. The technology company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.24. The technology company earned $449.90 million during the quarter, compared to the consensus estimate of $448.16 million. Lumentum had a positive return on equity of 17.81% and a negative net margin of 2.18%. Lumentum's revenue for the quarter was up 27.1% on a year-over-year basis. During the same quarter in the prior 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 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 Wall Street analysts have issued 12 month target prices for Lumentum's stock. Their forecasts range from $60.00 to $93.00. On average, they anticipate Lumentum's stock price to reach $79.13 in the next twelve months. This suggests a possible upside of 0.8% 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.

News coverage about LITE stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Lumentum earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Lumentum.

Lumentum saw a increase in short interest during 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 daily volume of 1,360,000 shares, the short-interest ratio is presently 6.9 days. Currently, 12.5% of the company's stock are sold short. 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), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), Applied Materials (AMAT), Netflix (NFLX), salesforce.com (CRM), Adobe (ADBE), Baidu (BIDU) and Walt Disney (DIS).

Lumentum's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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, FinTrust Capital Advisors LLC, Janney Montgomery Scott LLC and State of Alaska Department of Revenue. 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 purchased by a variety of institutional investors in the last quarter, including Rothschild Investment Corp IL, Sanders Morris Harris LLC, Campbell & CO Investment Adviser LLC, Grassi Investment Management, Perigon Wealth Management LLC, New York State Teachers Retirement System, Strs Ohio and Ellis Investment Partners 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 $78.46.

Lumentum has a market capitalization of $6.06 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]