Lumentum Stock Price, News & Analysis (NASDAQ:LITE)

$58.84
+0.39 (+0.67 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$58.19
Now: $58.84
$60.89
50-Day Range
$51.3950
MA: $57.39
$60.73
52-Week Range
$37.00
Now: $58.84
$63.95
Volume1.68 million shs
Average Volume1.56 million shs
Market Capitalization$4.52 billion
P/E Ratio17.83
Dividend YieldN/A
Beta1.36
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.57 billion
Cash Flow$6.1164 per share
Book Value$19.60 per share

Profitability

Net Income$-36,400,000.00

Miscellaneous

Employees5,161
Market Cap$4.52 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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) posted its quarterly earnings data on Thursday, August, 8th. The technology company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.21. The technology company had revenue of $404.60 million for the quarter, compared to analysts' expectations of $383.54 million. Lumentum had a positive return on equity of 18.19% and a negative net margin of 2.33%. The company's quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. View Lumentum's Earnings History.

When is Lumentum's next earnings date?

Lumentum is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Lumentum.

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

Lumentum issued an update on its first quarter earnings guidance on Thursday, August, 8th. The company provided EPS guidance of $1.12-1.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.11. The company issued revenue guidance of $435-455 million, compared to the consensus revenue estimate of $439.80 million.

What price target have analysts set for LITE?

16 brokers have issued 1 year price objectives for Lumentum's stock. Their forecasts range from $56.00 to $80.00. On average, they anticipate Lumentum's share price to reach $70.2656 in the next twelve months. This suggests a possible upside of 19.4% from the stock's current price. View Analyst Price Targets for Lumentum.

What is the consensus analysts' recommendation for Lumentum?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last year. There are currently 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. " (8/27/2019)
  • 2. Rosenblatt Securities analysts commented, "We believe Lumentum’s earnings call supports our belief of strong demand in the telecom market for ROADM and pump lasers. In addition, we think Lumentum’s 3D sensing business increased its diversification as the company added Android clients. We believe Huawei contributed ~$10 million towards 3D sensing revenue. Although iPhone 3D sensing orders declined sequentially from C1Q to C2Q due to seasonality, which led to a q/q decline in 3D sensing revenues for LITE, we expect LITE’s 3D sensing business to rebound strongly in the second half of calendar year 2019. We also expect the iPhone to adopt new 3D sensing solutions with more VCSEL units in a smaller chipset in the 2nd half of 2019." (5/7/2019)

Has Lumentum been receiving favorable news coverage?

News headlines about LITE stock have trended negative this week, according to InfoTrie. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lumentum earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Lumentum.

Who are some of Lumentum's key competitors?

What other stocks do shareholders of Lumentum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lumentum investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Applied Optoelectronics (AAOI), Applied Materials (AMAT), Advanced Micro Devices (AMD), Intel (INTC), Netflix (NFLX), Canopy Growth (CGC) and Square (SQ).

Who are Lumentum's key executives?

Lumentum's management team includes the folowing people:
  • Mr. Alan S. Lowe, Pres, CEO & Director (Age 57)
  • Ms. Judy G. Hamel, Sr. VP, Gen. Counsel and Sec. (Age 53)
  • Mr. Jason Reinhardt, Exec. VP of Global Sales (Age 45)
  • Mr. Vincent Retort, Exec. VP & GM of 3D Sensing (Age 65)
  • Mr. Christopher W. Coldren, Sr. VP of Bus. Devel. (Age 47)

Who are Lumentum's major shareholders?

Lumentum's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.37%), Nuveen Asset Management LLC (1.80%), Northern Trust Corp (1.61%), Westfield Capital Management Co. LP (1.34%), Pinnacle Associates Ltd. (1.30%) and Eagle Asset Management Inc. (1.28%). 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 major investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Holocene Advisors LP, AQR Capital Management LLC, Artemis Investment Management LLP, Cramer Rosenthal Mcglynn LLC, Polar Asset Management Partners Inc., Polar Asset Management Partners Inc., Jefferies Group LLC and Pinnacle Associates Ltd.. Company insiders that have sold Lumentum company stock in the last year include 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 major investors are buying Lumentum stock?

LITE stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Westfield Capital Management Co. LP, Victory Capital Management Inc., Tairen Capital Ltd, Maverick Capital Ltd., United Services Automobile Association, Advisors Capital Management LLC and Neumeier Poma Investment Counsel 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, Robinhood, Fidelity and Charles Schwab.

What is Lumentum's stock price today?

One share of LITE stock can currently be purchased for approximately $58.84.

How big of a company is Lumentum?

Lumentum has a market capitalization of $4.52 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.

What is Lumentum's official website?

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

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:  674 (Vote Outperform)
Underperform Votes:  399 (Vote Underperform)
Total Votes:  1,073
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 9/21/2019 by MarketBeat.com Staff

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