Lumentum - LITE Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LITE shares.
View LITE analyst ratings or view top-rated stocks.

11 analysts have issued 12-month price targets for Lumentum's stock. Their LITE share price forecasts range from $50.00 to $90.00. On average, they anticipate the company's share price to reach $72.21 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
View analysts price targets for LITE or view top-rated stocks among Wall Street analysts.

Lumentum's stock was trading at $52.17 at the beginning of 2023. Since then, LITE stock has increased by 18.7% and is now trading at $61.94.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our LITE earnings forecast.

Lumentum will be holding an earnings conference call on Thursday, February 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "369158".

Lumentum Holdings Inc. (NASDAQ:LITE) released its quarterly earnings data on Tuesday, November, 8th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.01. The technology company had revenue of $506.80 million for the quarter, compared to analyst estimates of $505.55 million. Lumentum had a trailing twelve-month return on equity of 17.99% and a net margin of 6.61%.

Lumentum updated its second quarter 2023 earnings guidance on Thursday, December, 8th. The company provided earnings per share guidance of $1.20-$1.45 for the period, compared to the consensus estimate of $1.60. The company issued revenue guidance of $490.00 million-$520.00 million, compared to the consensus revenue estimate of $540.25 million.

64 employees have rated Lumentum Chief Executive Officer Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among the company's employees.

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 (CRM), Intel (INTC), QUALCOMM (QCOM), Block (SQ), Walt Disney (DIS) and Cisco Systems (CSCO).

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

Lumentum's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.06%), Pinnacle Associates Ltd. (0.79%), Pinnacle Associates Ltd. (0.78%), Leeward Investments LLC MA (0.38%), Peregrine Capital Management LLC (0.27%) and Community Trust & Investment Co. (0.18%). Insiders that own company stock include Alan S Lowe, Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher, Samuel F Thomas, Vincent Retort and Wajid Ali.
View institutional ownership trends.

Shares of LITE stock 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.

One share of LITE stock can currently be purchased for approximately $61.94.

Lumentum (NASDAQ:LITE) has a market capitalization of $4.22 billion and generates $1.71 billion in revenue each year. The technology company earns $198.90 million in net income (profit) each year or $1.58 on an earnings per share basis.

The company employs 6,815 workers across the globe.

Lumentum's mailing address is 400 NORTH MCCARTHY BOULEVARD, MILPITAS CA, 95035. The official website for the company is www.lumentum.com. The technology company can be reached via phone at (408) 546-5483 or via email at investor.relations@lumentum.com.