Lumentum (LITE) Competitors

$43.42
+1.41 (+3.36%)
(As of 04/26/2024 ET)

LITE vs. IRDM, WOLF, RNG, RPD, YELP, SPT, AI, HAYW, VSH, and DOCN

Should you be buying Lumentum stock or one of its competitors? The main competitors of Lumentum include Iridium Communications (IRDM), Wolfspeed (WOLF), RingCentral (RNG), Rapid7 (RPD), Yelp (YELP), Sprout Social (SPT), C3.ai (AI), Hayward (HAYW), Vishay Intertechnology (VSH), and DigitalOcean (DOCN). These companies are all part of the "computer and technology" sector.

Lumentum vs.

Iridium Communications (NASDAQ:IRDM) and Lumentum (NASDAQ:LITE) are both mid-cap computer and technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their dividends, media sentiment, institutional ownership, risk, earnings, profitability, community ranking, analyst recommendations and valuation.

Iridium Communications has a net margin of 3.20% compared to Iridium Communications' net margin of -18.52%. Lumentum's return on equity of 2.76% beat Iridium Communications' return on equity.

Company Net Margins Return on Equity Return on Assets
Iridium Communications3.20% 2.76% 0.93%
Lumentum -18.52%1.04%0.31%

Iridium Communications currently has a consensus price target of $44.75, indicating a potential upside of 42.65%. Lumentum has a consensus price target of $52.69, indicating a potential upside of 21.35%. Given Lumentum's stronger consensus rating and higher probable upside, equities research analysts clearly believe Iridium Communications is more favorable than Lumentum.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Iridium Communications
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.80
Lumentum
2 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.42

Iridium Communications has a beta of 0.85, indicating that its stock price is 15% less volatile than the S&P 500. Comparatively, Lumentum has a beta of 1.09, indicating that its stock price is 9% more volatile than the S&P 500.

In the previous week, Iridium Communications had 16 more articles in the media than Lumentum. MarketBeat recorded 21 mentions for Iridium Communications and 5 mentions for Lumentum. Iridium Communications' average media sentiment score of 1.08 beat Lumentum's score of 0.37 indicating that Lumentum is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Iridium Communications
3 Very Positive mention(s)
2 Positive mention(s)
5 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
Lumentum
3 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Iridium Communications has higher earnings, but lower revenue than Lumentum. Lumentum is trading at a lower price-to-earnings ratio than Iridium Communications, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Iridium Communications$790.72M4.82$15.41M$0.21149.38
Lumentum$1.77B1.66-$131.60M-$3.94-11.02

84.4% of Iridium Communications shares are owned by institutional investors. Comparatively, 94.1% of Lumentum shares are owned by institutional investors. 2.0% of Iridium Communications shares are owned by company insiders. Comparatively, 0.6% of Lumentum shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Lumentum received 407 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 72.06% of users gave Lumentum an outperform vote while only 58.76% of users gave Iridium Communications an outperform vote.

CompanyUnderperformOutperform
Iridium CommunicationsOutperform Votes
483
58.76%
Underperform Votes
339
41.24%
LumentumOutperform Votes
890
72.06%
Underperform Votes
345
27.94%

Summary

Iridium Communications beats Lumentum on 12 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding LITE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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LITE vs. The Competition

MetricLumentumCommunications equipment IndustryComputer SectorNASDAQ Exchange
Market Cap$2.93B$717.61M$20.13B$7.54B
Dividend YieldN/A1.72%2.80%3.95%
P/E Ratio-11.0225.21249.3618.06
Price / Sales1.6680.98517.6585.91
Price / Cash6.3229.8428.6234.79
Price / Book2.202.396.744.33
Net Income-$131.60M-$554,545.45$635.99M$214.22M
7 Day Performance4.02%5.76%2.96%1.88%
1 Month Performance-8.30%4.49%-3.12%-5.70%
1 Year Performance-10.01%4.10%16.08%6.72%

Lumentum Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IRDM
Iridium Communications
4.5223 of 5 stars
$28.74
+2.2%
$44.25
+54.0%
-50.0%$3.49B$790.72M136.86760Analyst Report
Short Interest ↑
Analyst Revision
WOLF
Wolfspeed
2.4868 of 5 stars
$22.57
-5.7%
$41.88
+85.5%
-42.9%$2.84B$921.90M-3.714,802Upcoming Earnings
Analyst Report
RNG
RingCentral
4.6677 of 5 stars
$30.54
+3.5%
$38.56
+26.2%
+10.5%$2.82B$2.20B-17.454,084
RPD
Rapid7
2.6413 of 5 stars
$46.17
+3.2%
$56.20
+21.7%
-6.7%$2.86B$777.71M-18.392,228Analyst Report
News Coverage
YELP
Yelp
3.6334 of 5 stars
$40.15
+1.6%
$41.75
+4.0%
+38.1%$2.74B$1.34B29.744,872Upcoming Earnings
SPT
Sprout Social
2.3567 of 5 stars
$52.12
+1.6%
$72.57
+39.2%
+2.7%$2.93B$333.64M-43.431,383Upcoming Earnings
AI
C3.ai
3.0002 of 5 stars
$22.34
+3.6%
$29.91
+33.9%
+29.8%$2.73B$266.80M-9.59914
HAYW
Hayward
2.4815 of 5 stars
$13.71
+2.1%
$14.70
+7.3%
+15.6%$2.94B$992.45M38.071,875Upcoming Earnings
VSH
Vishay Intertechnology
3.2911 of 5 stars
$21.58
+2.6%
$25.00
+15.8%
+6.6%$2.97B$3.40B9.3423,500
DOCN
DigitalOcean
0.2914 of 5 stars
$32.71
+0.8%
$36.78
+12.4%
+2.2%$2.97B$692.88M3,274.271,156News Coverage
Positive News

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This page (NASDAQ:LITE) was last updated on 4/28/2024 by MarketBeat.com Staff

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