NASDAQ:LITE - Lumentum Stock Price, News, & Analysis

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$43.46 -0.40 (-0.91 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$43.46
Today's Range$43.28 - $44.55
52-Week Range$37.00 - $74.40
Volume1.32 million shs
Average Volume1.76 million shs
Market Capitalization$2.78 billion
P/E Ratio13.41
Dividend YieldN/A
Beta0.4
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments, Optical Communications and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; optical transceivers for fiber channel and Ethernet applications; integrated fiber optic transceivers; vertical-cavity surface-emitting lasers; distributed feedback and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, and remote sensing, as well as in precision machining, such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in Milpitas, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:LITE
Previous SymbolNASDAQ:LITEV
CUSIPN/A
Phone408-546-5483

Debt

Debt-to-Equity Ratio0.34
Current Ratio5.52
Quick Ratio4.88

Price-To-Earnings

Trailing P/E Ratio13.41
Forward P/E Ratio12.28
P/E Growth0.69

Sales & Book Value

Annual Sales$1.25 billion
Price / Sales2.21
Cash Flow$4.8235 per share
Price / Cash Flow9.01
Book Value$14.79 per share
Price / Book2.94

Profitability

EPS (Most Recent Fiscal Year)$3.24
Net Income$248.10 million
Net Margins21.21%
Return on Equity28.74%
Return on Assets16.78%

Miscellaneous

Employees2,930
Outstanding Shares63,400,000
Market Cap$2.78 billion
OptionableOptionable

Lumentum (NASDAQ:LITE) Frequently Asked Questions

What is Lumentum's stock symbol?

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

How were Lumentum's earnings last quarter?

Lumentum Holdings Inc (NASDAQ:LITE) issued its earnings results on Thursday, November, 1st. The technology company reported $1.31 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.02 by $0.29. The technology company earned $354 million during the quarter, compared to the consensus estimate of $351.21 million. Lumentum had a return on equity of 28.74% and a net margin of 21.21%. The firm's revenue for the quarter was up 45.7% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. View Lumentum's Earnings History.

When is Lumentum's next earnings date?

Lumentum is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Lumentum.

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

Lumentum updated its second quarter earnings guidance on Monday, November, 12th. The company provided earnings per share (EPS) guidance of $1.15-1.34 for the period, compared to the Thomson Reuters consensus estimate of $1.67. The company issued revenue guidance of $335-355 million, compared to the consensus revenue estimate of $420.47 million.

What price target have analysts set for LITE?

18 brokers have issued 1 year target prices for Lumentum's stock. Their forecasts range from $48.00 to $98.00. On average, they anticipate Lumentum's stock price to reach $68.3889 in the next twelve months. This suggests a possible upside of 57.4% from the stock's current price. View Analyst Price Targets for Lumentum.

What is the consensus analysts' recommendation for Lumentum?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 2 hold ratings, 14 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lumentum.

What are Wall Street analysts saying about Lumentum stock?

Here are some recent quotes from research analysts about Lumentum stock:
  • 1. According to Zacks Investment Research, "Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company's operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California. " (11/16/2018)
  • 2. Rosenblatt Securities analysts commented, "We believe the selloff was an overreaction to the news and believe that Lumentum remains the best positioned name in the 3D sensing space. We believe that 3D sensing momentum is likely to occur throughout the balance of this year and should allow Apple (AAPL: Buy) to create new applications and improve performance in its new iPhones and iPad Pros. We view this as a cata- lyst for Lumentum. We reiterate our buy rating and $80 price target. Lumentum’s telecom business should start to see some ramping from ROADM in China in 3Q18. We believe this will help the company’s China business re- gain momentum and return the segment to sequential growth. We believe the company’s CWDM4 shipments to Amazon (AMZN: NR) should ramp sequen- tially in the third quarter, driving new growth in the telecom business. U.S." (6/5/2018)
  • 3. Drexel Hamilton analysts commented, "We are assuming coverage of Lumentum Holdings with a Buy rating and an $85 price target. Our investment thesis is primarily driven by the company’s more recent success in 3D sensing modules with Apple. We expect a solid ramp into multiple Android customers in the coming several quarters. We are also highly encouraged by the recent acquisition announcement of Oclaro, and expect benefits well beyond the cost synergies the company has pointed to." (3/21/2018)

Has Lumentum been receiving favorable news coverage?

News headlines about LITE stock have trended somewhat positive this week, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lumentum earned a news sentiment score of 1.0 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.

Who are some of Lumentum's key competitors?

Who are Lumentum's key executives?

Lumentum's management team includes the folowing people:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 56)
  • Mr. Christopher W. Coldren, Sr. VP of Strategy & Corp. Devel. and Interim CFO (Age 47)
  • Mr. Vincent Retort, Exec. VP & COO (Age 64)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel and Sec. (Age 52)
  • Mr. Jason Reinhardt, Exec. VP of Global Sales & Product Line Management (Age 44)

Who are Lumentum's major shareholders?

Lumentum's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (11.00%), Vanguard Group Inc. (8.85%), Vanguard Group Inc (8.85%), Victory Capital Management Inc. (1.96%), Pinnacle Associates Ltd. (1.84%) and Gilder Gagnon Howe & Co. LLC (1.72%). Company insiders that own Lumentum stock include Aaron Tachibana, Alan S Lowe, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher and Vincent Retort. 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 Capital Fund Management S.A., Nan Shan Life Insurance Co. Ltd., TIAA CREF Investment Management LLC, Teachers Advisors LLC, Pinnacle Associates Ltd., Westpac Banking Corp, State of New Jersey Common Pension Fund D and Zweig DiMenna Associates LLC. Company insiders that have sold Lumentum company stock in the last year include Aaron Tachibana, Alan S Lowe, Christopher W Coldren, Harold L Covert, Jason Reinhardt, Judy G Hamel, Matthew Joseph Sepe, Penny Herscher and Vincent Retort. View Insider Buying and Selling for Lumentum.

Which institutional investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Renaissance Technologies LLC, Meritage Portfolio Management, Vanguard Group Inc, Vanguard Group Inc., Emerald Advisers Inc. PA, Emerald Mutual Fund Advisers Trust and Retirement Systems of Alabama. View Insider Buying and Selling for Lumentum.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $43.46.

How big of a company is Lumentum?

Lumentum has a market capitalization of $2.78 billion and generates $1.25 billion in revenue each year. The technology company earns $248.10 million in net income (profit) each year or $3.24 on an earnings per share basis. Lumentum employs 2,930 workers across the globe.

What is Lumentum's official website?

The official website for Lumentum is http://www.lumentum.com/en.

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]


MarketBeat Community Rating for Lumentum (NASDAQ LITE)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  578 (Vote Outperform)
Underperform Votes:  342 (Vote Underperform)
Total Votes:  920
MarketBeat's community ratings are surveys of what our community members think about Lumentum and other stocks. Vote "Outperform" if you believe LITE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LITE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/15/2018 by MarketBeat.com Staff

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