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NASDAQ:LITELumentum Stock Price, Forecast & News

$78.12
+4.23 (+5.72 %)
(As of 06/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$74.49
Now: $78.12
$78.88
50-Day Range
$67.73
MA: $76.17
$84.41
52-Week Range
$41.76
Now: $78.12
$93.23
Volume1.62 million shs
Average Volume1.57 million shs
Market Capitalization$5.85 billion
P/E Ratio53.51
Dividend YieldN/A
Beta1
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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Lumentum logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 3.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryN/A
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$6.43 per share
Book Value$19.60 per share

Profitability

Net Income$-36,400,000.00

Miscellaneous

Employees5,161
Market Cap$5.85 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Lumentum (NASDAQ:LITE) Frequently Asked Questions

How has Lumentum's stock been impacted by COVID-19 (Coronavirus)?

Lumentum's stock was trading at $71.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LITE stock has increased by 8.7% and is now trading at $78.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lumentum?

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.

When is Lumentum's next earnings date?

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

How were Lumentum's earnings last quarter?

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

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

Lumentum issued an update on its fourth quarter earnings guidance on Tuesday, May, 5th. The company provided EPS 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.

What price target have analysts set for LITE?

18 brokers have issued 1-year price objectives for Lumentum's stock. Their forecasts range from $65.00 to $105.00. On average, they anticipate Lumentum's share price to reach $90.44 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price. View analysts' price targets 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. " (5/20/2020)
  • 2. Rosenblatt Securities analysts commented, "We are trimming our December revenue estimates by -13.4% due to Apple pulling- in components earlier than expected, impacting Lumentum’s 3D sensing revenue. We continue to believe Lumentum will be a beneficiary of 5G. We maintain our buy rating and $80 price target." (9/24/2019)

Has Lumentum been receiving favorable news coverage?

Media coverage about LITE stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lumentum earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutLumentum.

Are investors shorting Lumentum?

Lumentum saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 7,490,000 shares, a decrease of 6.7% from the April 30th total of 8,030,000 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 10.3% of the shares of the company are short sold. View Lumentum's Current Options Chain.

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), 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).

Who are Lumentum's key executives?

Lumentum's management team includes the following 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)

What is Lumentum's stock symbol?

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

Who are Lumentum's major shareholders?

Lumentum's stock is owned by many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.52%), Fisher Asset Management LLC (1.37%), Carillon Tower Advisers Inc. (1.17%), Eagle Asset Management Inc. (1.16%), Victory Capital Management Inc. (1.10%) and Victory Capital Management Inc. (1.10%). 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.

Which institutional investors are selling Lumentum stock?

LITE stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Deutsche Bank AG, Nuveen Asset Management LLC, Peregrine Capital Management LLC, Neumeier Poma Investment Counsel LLC, Pinnacle Associates Ltd., Principal Financial Group Inc., and Eagle Asset Management Inc.. 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.

Which institutional investors are buying Lumentum stock?

LITE stock was acquired by a variety of institutional investors in the last quarter, including Matrix Capital Management Company LP, Scout Investments Inc., Robecosam AG, Vaughan Nelson Investment Management L.P., Nan Shan Life Insurance Co. Ltd., Carillon Tower Advisers Inc., First Trust Advisors LP, and Ameritas Investment Company LLC. View insider buying and selling activity 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 $78.12.

How big of a company is Lumentum?

Lumentum has a market capitalization of $5.85 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.

What is Lumentum's official website?

The official website for Lumentum is 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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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