Lumentum - LITE Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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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) 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%.

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.

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

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.

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.