Lumentum (NASDAQ:LITE - Get Free Report) issued an update on its second quarter 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.400-0.420 for the period, compared to the consensus estimate of 0.350. The company issued revenue guidance of $402.0 million-$402.0 million, compared to the consensus revenue estimate of $389.3 million.
Wall Street Analyst Weigh In
LITE has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and issued a $110.00 target price on shares of Lumentum in a research note on Thursday, January 9th. Barclays raised shares of Lumentum from an "underweight" rating to an "overweight" rating and upped their price objective for the company from $80.00 to $125.00 in a research report on Friday, January 17th. Susquehanna lifted their target price on Lumentum from $80.00 to $115.00 and gave the stock a "positive" rating in a research report on Friday, November 8th. Raymond James increased their price target on Lumentum from $70.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Northland Securities lifted their price objective on Lumentum from $45.00 to $60.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.77.
View Our Latest Report on LITE
Lumentum Stock Performance
Shares of LITE stock traded up $3.64 on Wednesday, hitting $89.97. 693,723 shares of the stock traded hands, compared to its average volume of 2,061,815. The company has a market capitalization of $6.18 billion, a PE ratio of -10.85 and a beta of 0.94. The company's fifty day moving average is $87.41 and its 200 day moving average is $71.00. The company has a debt-to-equity ratio of 2.87, a current ratio of 5.36 and a quick ratio of 4.04. Lumentum has a 1-year low of $38.28 and a 1-year high of $104.00.
Lumentum (NASDAQ:LITE - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.48). Lumentum had a negative return on equity of 6.79% and a negative net margin of 40.70%. The business had revenue of $336.90 million during the quarter, compared to the consensus estimate of $326.94 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. On average, equities research analysts predict that Lumentum will post -0.02 earnings per share for the current fiscal year.
Insider Buying and Selling at Lumentum
In other news, Director Penny Herscher sold 1,625 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $81.09, for a total transaction of $131,771.25. Following the completion of the transaction, the director now owns 6,852 shares of the company's stock, valued at approximately $555,628.68. The trade was a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vincent Retort sold 41,710 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $89.52, for a total transaction of $3,733,879.20. Following the completion of the sale, the insider now directly owns 147,515 shares in the company, valued at approximately $13,205,542.80. This trade represents a 22.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,797 shares of company stock worth $8,881,428 over the last ninety days. Company insiders own 0.19% of the company's stock.
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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