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NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$85.29
+1.87 (+2.24 %)
(As of 10/22/2020 12:00 AM ET)
Add
Compare
Today's Range
$84.01
Now: $85.29
$86.28
50-Day Range
$70.25
MA: $77.13
$87.39
52-Week Range
$54.06
Now: $85.29
$96.74
Volume749,768 shs
Average Volume1.50 million shs
Market Capitalization$6.44 billion
P/E Ratio49.02
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 in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and 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; vertical-cavity surface-emitting lasers; directly modulated 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 San Jose, California.
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Lumentum logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 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
Employees5,473

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 billion
Cash Flow$8.05 per share
Book Value$23.35 per share

Profitability

Net Income$135.50 million

Miscellaneous

Market Cap$6.44 billion
Next Earnings Date11/2/2020 (Confirmed)
OptionableOptionable
$85.29
+1.87 (+2.24 %)
(As of 10/22/2020 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 Coronavirus?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LITE stock has increased by 18.7% and is now trading at $85.29.
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 Monday, November 2nd 2020.
View our earnings forecast for Lumentum
.

How can I listen to Lumentum's earnings call?

Lumentum will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Lumentum's earnings last quarter?

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

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

Lumentum issued an update on 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 EPS 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 Wall Street analysts have issued 12 month target prices for Lumentum's shares. Their forecasts range from $84.00 to $120.00. On average, they expect Lumentum's stock price to reach $102.11 in the next year. This suggests a possible upside of 19.7% 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), QUALCOMM (QCOM), Square (SQ), The Walt Disney (DIS) and Cisco Systems (CSCO).

Who are Lumentum's key executives?

Lumentum's management team includes the following people:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 58, Pay $2.12M)
  • Mr. Wajid Ali, Exec. VP & CFO (Age 47, Pay $1.16M)
  • Mr. Vincent Retort, Exec. VP & COO (Age 66, Pay $1.16M)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel & Sec. (Age 54, Pay $910.02k)
  • Mr. Jason Reinhardt, Exec. VP of Global Sales (Age 46, Pay $997.22k)

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 institutional and retail investors. Top institutional investors include Robecosam AG (1.17%), Scout Investments Inc. (0.55%), Peregrine Capital Management LLC (0.35%), Reinhart Partners Inc. (0.25%), Retirement Systems of Alabama (0.25%) and Paradigm Capital Management Inc. NY (0.18%). 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 Peregrine Capital Management LLC, PFG Advisors, New England Research & Management Inc., Carnegie Capital Asset Management LLC, Grassi Investment Management, Optimum Investment Advisors, Thompson Investment Management Inc., 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, 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 acquired by a variety of institutional investors in the last quarter, including Robecosam AG, Reinhart Partners Inc., Cambiar Investors LLC, Pacer Advisors Inc., Sycomore Asset Management, Envestnet Asset Management Inc., Assenagon Asset Management S.A., and Bowling Portfolio 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 $85.29.

How big of a company is Lumentum?

Lumentum has a market capitalization of $6.44 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 10/22/2020 by MarketBeat.com Staff

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