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NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$71.51
+0.62 (+0.87 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$69.31
Now: $71.51
$72.40
50-Day Range
$70.25
MA: $84.38
$95.56
52-Week Range
$48.44
Now: $71.51
$96.74
Volume1.81 million shs
Average Volume1.56 million shs
Market Capitalization$5.38 billion
P/E Ratio41.10
Dividend YieldN/A
Beta0.93
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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Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars


Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:LITE
Previous SymbolNASDAQ:LITEV
CUSIPN/A
Phone408-546-5483

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$7.92 per share
Book Value$23.35 per share

Profitability

Net Income$135.50 million

Miscellaneous

Employees5,473
Market Cap$5.38 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$71.51
+0.62 (+0.87 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lumentum (NASDAQ:LITE) Frequently Asked Questions

How has Lumentum's stock price been impacted by COVID-19?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LITE shares have decreased by 0.5% and is now trading at $71.51.
View which stocks have been most impacted by COVID-19
.

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, October 29th 2020.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc (NASDAQ:LITE) released its earnings results on Tuesday, August, 11th. The technology company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.35. The technology company had revenue of $368.10 million for the quarter, compared to analyst estimates of $349.73 million. Lumentum had a net margin of 8.07% and a return on equity of 20.77%. The company's revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share.
View Lumentum's earnings history
.

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

Lumentum updated its first quarter earnings guidance on Tuesday, August, 11th. The company provided earnings per share guidance of $1.40-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.33. The company issued revenue guidance of $430-455 million, compared to the consensus revenue estimate of $435.27 million.

What price target have analysts set for LITE?

18 brokers have issued twelve-month target prices for Lumentum's stock. Their forecasts range from $84.00 to $120.00. On average, they expect Lumentum's stock price to reach $101.83 in the next year. This suggests a possible upside of 42.4% from the stock's current price.
View analysts' price targets for Lumentum
.

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), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), salesforce.com (CRM), Intel (INTC), Square (SQ), QUALCOMM (QCOM), Walt Disney (DIS) and Skyworks Solutions (SWKS).

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 a variety of retail and institutional investors. Top institutional investors include Mint Tower Capital Management B.V. (13.35%), Vanguard Group Inc. (9.43%), Copper Rock Capital Partners LLC (6.51%), Neuberger Berman Group LLC (3.20%), Holocene Advisors LP (1.56%) and Fisher Asset Management LLC (1.29%). Company insiders that own Lumentum stock include Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort and Wajid Ali.
View institutional ownership trends for Lumentum
.

Which institutional investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Marshall Wace North America L.P., Nuveen Asset Management LLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., No Street GP LP, Mesirow Financial Investment Management Equity Management, and Emerald Advisers LLC. 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, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum
.

Which institutional investors are buying Lumentum stock?

LITE stock was bought by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Copper Rock Capital Partners LLC, Holocene Advisors LP, Neuberger Berman Group LLC, Alyeska Investment Group L.P., Schonfeld Strategic Advisors LLC, Cookson Peirce & Co. Inc., and Todd Asset Management 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 $71.51.

How big of a company is Lumentum?

Lumentum has a market capitalization of $5.38 billion and generates $1.68 billion in revenue each year. The technology company earns $135.50 million in net income (profit) each year or $4.48 on an earnings per share basis. Lumentum employs 5,473 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 9/20/2020 by MarketBeat.com Staff

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