Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It 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; and transport products comprising reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components consisting of 980nm, multi-mode, and Raman pumps. This segment also offers Super Transport Blade, which integrates optical transport functions into a single-slot blade; products for 3-D sensing applications, including a light source product; vertical-cavity surface-emitting lasers; distributed feedback and electro-absorption modulated lasers; and individual and compact laser arrays. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, diode, direct-diode, fiber, and gas lasers. This segment 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, including drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Its lasers products are used in various original equipment manufacturer applications. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in Milpitas, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:LITE
CUSIPN/A
Phone408-546-5483
Debt
Debt-to-Equity Ratio0.36
Current Ratio5.27
Quick Ratio4.55
Price-To-Earnings
Trailing P/E Ratio18.60
Forward P/E Ratio17.67
P/E Growth0.96
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales3.02
Cash Flow$2.8115 per share
Price / Cash21.43
Book Value$14.79 per share
Price / Book4.07
Profitability
EPS (Most Recent Fiscal Year)$3.24
Net Income$248.10 million
Net Margins19.86%
Return on Equity25.10%
Return on Assets14.18%
Miscellaneous
Employees2,057
Outstanding Shares62,600,000
Market Cap$3.67 billion
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) announced its earnings results on Wednesday, August, 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.30. The technology company earned $301.10 million during the quarter, compared to analyst estimates of $288.56 million. Lumentum had a net margin of 19.86% and a return on equity of 25.10%. The firm's quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. View Lumentum's Earnings History.
When is Lumentum's next earnings date?
What guidance has Lumentum issued on next quarter's earnings?
Lumentum issued an update on its first quarter earnings guidance on Wednesday, August, 8th. The company provided EPS guidance of $0.90-1.10 for the period, compared to the Thomson Reuters consensus estimate of $0.92. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $337.25 million.
What price target have analysts set for LITE?
18 analysts have issued 1-year price objectives for Lumentum's stock. Their predictions range from $66.00 to $98.00. On average, they expect Lumentum's share price to reach $80.1667 in the next year. This suggests a possible upside of 32.8% 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 and 16 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. 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)
- 2. 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. " (5/8/2018)
- 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)
Who are some of Lumentum's key competitors?
Some companies that are related to Lumentum include AAC TECHNOLOGIE/ADR (AACAY), Iridium Communications (IRDM), ESCO Technologies (ESE), Vocera Communications (VCRA), Turtle Beach (HEAR), ADVA Optical Networking (ADVOF), Napco Security Technologies (NSSC), Inseego (INSG), Iteris (ITI), UTStarcom (UTSI), Magal Security Systems (MAGS), I.D. Systems (IDSY), Risk (George) Industries, Inc. Common Stock (RSKIA), 5Barz International (BARZ) and Novume Solutions (NVMM).
Who are Lumentum's key executives?
Lumentum's management team includes the folowing people:
- Mr. Alan S. Lowe, Pres, CEO & Director (Age 56)
- Mr. Vincent Retort, COO & Exec. VP (Age 64)
- Ms. Judy G. Hamel, VP, Gen. Counsel & Sec. (Age 52)
- Mr. Jason Reinhardt, Exec. VP of Global Sales & Product Line Management (Age 44)
- Mr. Chris Coldren, VP of Strategy & Corp. Devel. and Interim CFO
Has Lumentum been receiving favorable news coverage?
News articles about LITE stock have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lumentum earned a daily sentiment score of 0.18 on Accern's scale. They also gave news headlines about the technology company an impact score of 46.32 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View Recent Headlines for Lumentum.
Who are Lumentum's major shareholders?
Lumentum's stock is owned by many different of institutional and retail investors. Top institutional investors include Pinnacle Associates Ltd. (2.07%), Gilder Gagnon Howe & Co. LLC (1.78%), Hood River Capital Management LLC (1.72%), Victory Capital Management Inc. (1.52%), Whale Rock Capital Management LLC (1.50%) and Dimensional Fund Advisors LP (1.30%). Company insiders that own Lumentum stock include Aaron Tachibana, Alan S Lowe, 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 Gilder Gagnon Howe & Co. LLC, Whale Rock Capital Management LLC, Arrowgrass Capital Partners US LP, Pinnacle Associates Ltd., Summit Trail Advisors LLC, Legal & General Group Plc, Fred Alger Management Inc. and Peregrine Capital Management LLC. Company insiders that have sold Lumentum company stock in the last year include Aaron Tachibana, Alan S Lowe, Harold L Covert, Jason Reinhardt, Judy G Hamel, Martin A Kaplan, 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 Nan Shan Life Insurance Co. Ltd., Millennium Management LLC, Capital Fund Management S.A., Zweig DiMenna Associates LLC, Dimensional Fund Advisors LP, Retirement Systems of Alabama, Hood River Capital Management LLC and Mutual of America Capital Management LLC. 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 $60.35.
How big of a company is Lumentum?
Lumentum has a market capitalization of $3.67 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 2,057 workers across the globe.
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)
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.
