NASDAQ:LITELumentum Stock Price, Forecast & News

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 shares have increased by 9.3% and is now trading at $78.50. View which stocks have been most impacted by Coronavirus.

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.

Lumentum is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Lumentum.

Lumentum Holdings Inc (NASDAQ:LITE) released its quarterly earnings data on Tuesday, May, 5th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.21. The technology company earned $402.80 million during the quarter, compared to the consensus estimate of $408.54 million. Lumentum had a net margin of 6.66% and a return on equity of 20.47%. The firm's quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. View Lumentum's earnings history.

Lumentum issued an update on its fourth quarter earnings guidance on Tuesday, May, 5th. The company provided earnings per share guidance of $0.70-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.05. The company issued revenue guidance of $325-365 million, compared to the consensus revenue estimate of $410.90 million.

18 Wall Street analysts have issued 12 month target prices for Lumentum's shares. Their forecasts range from $65.00 to $107.00. On average, they expect Lumentum's stock price to reach $91.33 in the next year. This suggests a possible upside of 16.3% from the stock's current price. View analysts' price targets for Lumentum.

Media coverage about LITE stock has trended very negative this week, InfoTrie reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Lumentum earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Lumentum.

Lumentum saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 7,430,000 shares, a decline of 11.3% from the June 15th total of 8,380,000 shares. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is presently 5.3 days. Currently, 10.2% of the company's stock are sold short. View Lumentum's Current Options Chain.

Some companies that are related to Lumentum include AAC TECHNOLOGIE/ADR (AACAY), Iridium Communications (IRDM), ESCO Technologies (ESE), Inseego (INSG), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), Turtle Beach (HEAR), Iteris (ITI), PowerFleet (PWFL), I.D. Systems (IDSY), Rekor Systems (REKR), Magal Security Systems (MAGS), Vislink Technologies (VISL) and UTStarcom (UTSI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lumentum investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), salesforce.com (CRM), Walt Disney (DIS), QUALCOMM (QCOM), Applied Materials (AMAT), Intel (INTC) and Square (SQ).

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

Lumentum's stock is owned by a variety of institutional and retail investors. Top institutional investors include Robecosam AG (0.81%), Ellis Investment Partners LLC (0.03%), Polianta Ltd (0.02%), Envestnet Asset Management Inc. (0.02%), Carnegie Capital Asset Management LLC (0.02%) and Livforsakringsbolaget Skandia Omsesidigt (0.01%). Company insiders that own Lumentum stock include Alan S Lowe, Brian Lillie, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, Vincent Retort and Wajid Ali. View institutional ownership trends for Lumentum.

LITE stock was sold by a variety of institutional investors in the last quarter, including Ellis Investment Partners LLC, and Carnegie Capital Asset Management LLC. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher, Vincent Retort, and Wajid Ali. View insider buying and selling activity for Lumentum.

LITE stock was acquired by a variety of institutional investors in the last quarter, including Polianta Ltd, Robecosam AG, Nelson Van Denburg & Campbell Wealth Management Group LLC, Envestnet Asset Management Inc., Livforsakringsbolaget Skandia Omsesidigt, and Global Retirement Partners LLC. View insider buying and selling activity for 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.

One share of LITE stock can currently be purchased for approximately $78.50.

Lumentum has a market capitalization of $5.88 billion and generates $1.57 billion in revenue each year. The technology company earns $-36,400,000.00 in net income (profit) each year or $3.30 on an earnings per share basis. Lumentum employs 5,161 workers across the globe.

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

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]