NASDAQ:LITE

Lumentum Stock Forecast, Price & News

$84.22
-0.57 (-0.67 %)
(As of 09/21/2021 04:00 PM ET)
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Today's Range
$83.50
$85.71
50-Day Range
$78.38
$89.03
52-Week Range
$65.67
$112.08
Volume631,037 shs
Average Volume1.30 million shs
Market Capitalization$6.12 billion
P/E Ratio16.68
Dividend YieldN/A
Beta0.92
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Lumentum logo

About Lumentum

Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.

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MarketRank

Overall MarketRank

2.55 out of 5 stars

Computer And Technology Sector

114th out of 858 stocks

Communications Equipment, Not Elsewhere Classified Industry

3rd out of 16 stocks

Analyst Opinion: 3.4Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Lumentum (NASDAQ:LITE) Frequently Asked Questions

Is Lumentum a buy right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 5 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Lumentum stock.
View analyst ratings for Lumentum
or view top-rated stocks.

What stocks does MarketBeat like better than Lumentum?

Wall Street analysts have given Lumentum a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Lumentum wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Lumentum's next earnings date?

Lumentum is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Lumentum
.

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc. (NASDAQ:LITE) posted its quarterly earnings data on Tuesday, August, 17th. The technology company reported $1.15 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.06 by $0.09. The technology company earned $392.10 million during the quarter, compared to analysts' expectations of $382.17 million. Lumentum had a trailing twelve-month return on equity of 20.42% and a net margin of 22.80%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 EPS.
View Lumentum's earnings history
.

How has Lumentum's stock 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 stock has increased by 17.2% and is now trading at $84.22.
View which stocks have been most impacted by COVID-19
.

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

Lumentum updated its first quarter 2022 earnings guidance on Wednesday, September, 15th. The company provided earnings per share guidance of $1.470-$1.610 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.450. The company issued revenue guidance of $430 million-$445 million, compared to the consensus revenue estimate of $437.13 million.

What price target have analysts set for LITE?

16 equities research analysts have issued 1 year price targets for Lumentum's stock. Their forecasts range from $80.00 to $120.00. On average, they anticipate Lumentum's share price to reach $96.76 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for Lumentum
or view top-rated stocks among Wall Street analysts.

Who are Lumentum's key executives?

Lumentum's management team includes the following people:
  • Alan S. Lowe, President, Chief Executive Officer & Director
  • Vincent Retort, COO, Executive Vice President & GM-3D Sensing
  • Wajid Ali, Chief Financial Officer & Executive VP
  • Ralph Loura, Chief Information Officer & Senior VP-IT
  • Judy G. Hamel, Secretary, Senior Vice President & General Counsel

What is Alan Lowe's approval rating as Lumentum's CEO?

64 employees have rated Lumentum CEO Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among Lumentum's employees.

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).

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 Vanguard Group Inc. (9.41%), Alliancebernstein L.P. (5.51%), Geode Capital Management LLC (1.35%), Westfield Capital Management Co. LP (1.33%), ValueAct Holdings L.P. (1.27%) and ValueAct Holdings L.P. (1.27%). Company insiders that own Lumentum stock 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 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 Federated Hermes Inc., Eagle Asset Management Inc., Chilton Investment Co. LLC, Susquehanna International Group LLP, Brookfield Asset Management Inc., Kennedy Capital Management Inc., Citadel Advisors LLC, and Bronson Point Management 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, Vincent Retort, and Wajid Ali.
View insider buying and selling activity for Lumentum
or view top insider-selling stocks.

Which institutional investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., ValueAct Holdings L.P., ValueAct Holdings L.P., Alyeska Investment Group L.P., Westfield Capital Management Co. LP, PEAK6 Investments LLC, Arnhold LLC, and Snow Capital Management LP.
View insider buying and selling activity for Lumentum
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $84.22.

How much money does Lumentum make?

Lumentum has a market capitalization of $6.12 billion and generates $1.74 billion in revenue each year. The technology company earns $397.30 million in net income (profit) each year or $5.13 on an earnings per share basis.

How many employees does Lumentum have?

Lumentum employs 5,618 workers across the globe.

What is Lumentum's official website?

The official website for Lumentum is www.lumentum.com.

Where are Lumentum's headquarters?

Lumentum is headquartered at 400 NORTH MCCARTHY BOULEVARD, MILPITAS CA, 95035.

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 9/21/2021 by MarketBeat.com Staff
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