NASDAQ:LITE - Lumentum Stock Price, Forecast & News

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

Lumentum Holdings Inc (NASDAQ:LITE) posted its earnings results on Thursday, October, 31st. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.24. The technology company had revenue of $449.90 million for the quarter, compared to analyst estimates of $448.16 million. Lumentum had a negative net margin of 2.18% and a positive return on equity of 17.81%. Lumentum's revenue was up 27.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 EPS. View Lumentum's Earnings History.

Lumentum is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Lumentum.

Lumentum will be holding an earnings conference call on Tuesday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Lumentum updated its second quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.11. The company issued revenue guidance of $445-460 million, compared to the consensus revenue estimate of $429.93 million.

15 equities research analysts have issued twelve-month price objectives for Lumentum's stock. Their forecasts range from $60.00 to $93.00. On average, they expect Lumentum's share price to reach $79.13 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets for Lumentum.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 1 hold rating and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lumentum.

Press coverage about LITE stock has trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lumentum earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Lumentum.

Lumentum saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 9,400,000 shares, an increase of 22.7% from the December 15th total of 7,660,000 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 6.9 days. Approximately 12.5% of the shares of the company 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), PowerFleet (PWFL), Iteris (ITI), I.D. Systems (IDSY), Turtle Beach (HEAR), UTStarcom (UTSI), Magal Security Systems (MAGS), Rekor Systems (REKR) and Risk (George) Industries (RSKIA).

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), Applied Materials (AMAT), Netflix (NFLX), salesforce.com (CRM), Baidu (BIDU), QUALCOMM (QCOM) and Square (SQ).

Lumentum's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.65%), Copper Rock Capital Partners LLC (0.28%), Advisors Capital Management LLC (0.22%), Tocqueville Asset Management L.P. (0.13%), Artemis Investment Management LLP (0.13%) and Ellis Investment Partners LLC (0.04%). Company insiders that own Lumentum stock include Aaron Tachibana, 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 Peregrine Capital Management LLC, Artemis Investment Management LLP, Tocqueville Asset Management L.P., Advisors Capital Management LLC, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, Zeke Capital Advisors LLC and Copper Rock Capital Partners LLC. Company insiders that have sold Lumentum company stock in the last year include Alan S Lowe, Brian Lillie, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, Matthew Joseph Sepe, Penny Herscher, Vincent Retort and Wajid Ali. View Insider Buying and Selling for Lumentum.

LITE stock was acquired by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Grassi Investment Management, Perigon Wealth Management LLC, Ellis Investment Partners LLC, Carroll Financial Associates Inc., Nisa Investment Advisors LLC and Louisiana State Employees Retirement System. View Insider Buying and Selling 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 $76.96.

Lumentum has a market capitalization of $5.94 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.View Additional Information About Lumentum.

The official website for Lumentum is http://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]