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NASDAQ:LITE

Lumentum - LITE Stock Forecast, Price & News

$60.26
+0.39 (+0.65%)
(As of 01/27/2023 12:22 PM ET)
Add
Compare
Today's Range
$59.33
$60.33
50-Day Range
$49.41
$60.30
52-Week Range
$48.73
$105.05
Volume
156,640 shs
Average Volume
650,569 shs
Market Capitalization
$4.11 billion
P/E Ratio
38.14
Dividend Yield
N/A
Price Target
$72.21

Lumentum MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
21.2% Upside
$72.21 Price Target
Short Interest
Bearish
9.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
0.81mentions of Lumentum in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.56%
From $3.15 to $4.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Computer And Technology Sector

160th out of 634 stocks

Communications Equipment, Not Elsewhere Classified Industry

2nd out of 12 stocks


LITE stock logo

About Lumentum (NASDAQ:LITE) Stock

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 on 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 San Jose, CA.

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LITE Stock News Headlines

Lumentum to Host Investor Technology Event at OFC 2023
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Why Lumentum Stock Flashed Red on Tuesday
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Lumentum Holdings expands in Slovenia - Seeking Alpha
Laser Technology Global Market Report 2022 - GlobeNewswire
Expert Ratings for Lumentum Holdings
See More Headlines
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LITE Company Calendar

Last Earnings
11/08/2022
Today
1/27/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:LITE
Previous Symbol
NASDAQ:LITEV
Fax
N/A
Employees
6,815
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.21
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+19.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$198.90 million
Pretax Margin
8.71%

Debt

Sales & Book Value

Annual Sales
$1.71 billion
Cash Flow
$8.84 per share
Book Value
$27.17 per share

Miscellaneous

Free Float
67,859,000
Market Cap
$4.11 billion
Optionable
Optionable
Beta
0.93

Key Executives

  • Alan S. LoweAlan S. Lowe
    President, Chief Executive Officer & Director
  • Vincent Retort
    Chief Operating Officer & Executive Vice President
  • Wajid AliWajid Ali
    Chief Financial Officer & Executive VP
  • Ralph Loura
    Chief Information Officer & Senior VP-IT
  • Jason ReinhardtJason Reinhardt
    Chief Transformation Officer & Executive VP













LITE Stock - Frequently Asked Questions

Should I buy or sell Lumentum stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LITE shares.
View LITE analyst ratings
or view top-rated stocks.

What is Lumentum's stock price forecast for 2023?

12 brokerages have issued 12 month price targets for Lumentum's shares. Their LITE share price forecasts range from $50.00 to $90.00. On average, they anticipate the company's stock price to reach $72.21 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price.
View analysts price targets for LITE
or view top-rated stocks among Wall Street analysts.

How have LITE shares performed in 2023?

Lumentum's stock was trading at $52.17 at the beginning of the year. Since then, LITE stock has increased by 14.8% and is now trading at $59.87.
View the best growth stocks for 2023 here
.

When is Lumentum's next earnings date?

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

How can I listen to Lumentum's earnings call?

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".

How were Lumentum's earnings last quarter?

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

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

Lumentum updated its second quarter 2023 earnings guidance on Thursday, December, 8th. The company provided EPS 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.

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

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.

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 (CRM), Intel (INTC), QUALCOMM (QCOM), Block (SQ), 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 many different institutional and retail investors. Top institutional investors include Pinnacle Associates Ltd. (0.79%), Peregrine Capital Management LLC (0.27%), Community Trust & Investment Co. (0.18%), F&V Capital Management LLC (0.13%), Kovitz Investment Group Partners LLC (0.06%) and Romano Brothers AND Company (0.05%). 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
.

How do I buy shares of Lumentum?

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.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $59.87.

How much money does Lumentum make?

Lumentum (NASDAQ:LITE) has a market capitalization of $4.08 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.

How many employees does Lumentum have?

The company employs 6,815 workers across the globe.

How can I contact Lumentum?

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.

This page (NASDAQ:LITE) was last updated on 1/27/2023 by MarketBeat.com Staff