Lumentum (NASDAQ:LITE - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $379.99 million for the quarter. Lumentum has set its Q3 2025 guidance at 0.470-0.530 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.
Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.41). Lumentum had a negative return on equity of 6.79% and a negative net margin of 40.70%. On average, analysts expect Lumentum to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Lumentum Stock Performance
Shares of Lumentum stock traded up $3.48 during trading on Thursday, reaching $92.67. The company's stock had a trading volume of 5,118,194 shares, compared to its average volume of 2,284,161. The company has a quick ratio of 4.04, a current ratio of 5.36 and a debt-to-equity ratio of 2.87. The business's 50-day moving average price is $87.52 and its 200-day moving average price is $71.12. Lumentum has a 52 week low of $38.28 and a 52 week high of $104.00. The firm has a market cap of $6.37 billion, a PE ratio of -11.19 and a beta of 0.94.
Insider Buying and Selling at Lumentum
In other news, insider Vincent Retort sold 41,710 shares of Lumentum stock in a transaction on Monday, November 25th. The shares were sold at an average price of $89.52, for a total value of $3,733,879.20. Following the completion of the sale, the insider now owns 147,515 shares in the company, valued at $13,205,542.80. The trade was a 22.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Wajid Ali sold 29,887 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $85.06, for a total transaction of $2,542,188.22. Following the transaction, the chief financial officer now directly owns 56,492 shares in the company, valued at approximately $4,805,209.52. This represents a 34.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,797 shares of company stock valued at $8,881,428. 0.19% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
LITE has been the topic of a number of analyst reports. Northland Securities increased their target price on shares of Lumentum from $45.00 to $60.00 and gave the stock a "market perform" rating in a research report on Friday, November 8th. Rosenblatt Securities increased their price target on Lumentum from $69.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Barclays raised Lumentum from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $80.00 to $125.00 in a report on Friday, January 17th. Raymond James increased their target price on Lumentum from $70.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $110.00 target price on shares of Lumentum in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $81.77.
Read Our Latest Report on Lumentum
Lumentum Company Profile
(
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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 (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.
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