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NASDAQ:LITE

Lumentum (LITE) Stock Price, News & Analysis

Lumentum logo
$89.09 +3.48 (+4.06%)
(As of 11/22/2024 ET)

About Lumentum Stock (NASDAQ:LITE)

Key Stats

Today's Range
$85.22
$89.64
50-Day Range
$55.78
$88.06
52-Week Range
$38.28
$90.51
Volume
2.31 million shs
Average Volume
1.49 million shs
Market Capitalization
$6.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$74.85
Consensus Rating
Hold

Company Overview

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. 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; vertical-cavity surface-emitting lasers; directly modulated 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, such as argon-ion and helium-neon lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, solar cell processing, graphics and imaging, remote sensing, and precision machining. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.

Lumentum Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
65th Percentile Overall Score

LITE MarketRank™: 

Lumentum scored higher than 65% of companies evaluated by MarketBeat, and ranked 334th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Lumentum has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 8 buy ratings, 3 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Lumentum has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Lumentum's stock forecast and price target.
  • Earnings Growth

    Earnings for Lumentum are expected to grow in the coming year, from ($0.02) to $2.24 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lumentum is -10.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Lumentum is -10.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Lumentum has a P/B Ratio of 6.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Lumentum's valuation and earnings.
  • Percentage of Shares Shorted

    14.88% of the float of Lumentum has been sold short.
  • Short Interest Ratio / Days to Cover

    Lumentum has a short interest ratio ("days to cover") of 5.4.
  • Change versus previous month

    Short interest in Lumentum has recently increased by 0.93%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Lumentum does not currently pay a dividend.

  • Dividend Growth

    Lumentum does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    14.88% of the float of Lumentum has been sold short.
  • Short Interest Ratio / Days to Cover

    Lumentum has a short interest ratio ("days to cover") of 5.4.
  • Change versus previous month

    Short interest in Lumentum has recently increased by 0.93%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Lumentum has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Lumentum this week, compared to 5 articles on an average week.
  • Search Interest

    7 people have searched for LITE on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Lumentum to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Lumentum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,428,743.00 in company stock.

  • Percentage Held by Insiders

    Only 0.19% of the stock of Lumentum is held by insiders.

  • Percentage Held by Institutions

    94.05% of the stock of Lumentum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Lumentum's insider trading history.
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LITE Stock News Headlines

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Where Will Lumentum Stock Be in 1 Year?
Lumentum price target raised to $80 from $40 at Barclays
See More Headlines

LITE Stock Analysis - Frequently Asked Questions

Lumentum's stock was trading at $52.42 on January 1st, 2024. Since then, LITE stock has increased by 70.0% and is now trading at $89.09.
View the best growth stocks for 2024 here
.

Lumentum Holdings Inc. (NASDAQ:LITE) released its quarterly earnings results on Wednesday, August, 14th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The company's revenue for the quarter was down 16.9% on a year-over-year basis.

Lumentum's top institutional investors include Atreides Management LP (2.46%), Geode Capital Management LLC (1.73%), Charles Schwab Investment Management Inc. (1.08%) and Fisher Asset Management LLC (0.84%). Insiders that own company stock include Alan S Lowe, Wajid Ali, Julia Suzanne Johnson, Matthew Joseph Sepe, Harold L Covert, Penny Herscher and Judy G Hamel.
View institutional ownership trends
.

Shares of LITE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Lumentum investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Micron Technology (MU), QUALCOMM (QCOM) and PayPal (PYPL).

Company Calendar

Last Earnings
8/14/2024
Today
11/22/2024
Next Earnings (Estimated)
2/13/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:LITE
Previous Symbol
NASDAQ:LITEV
Fax
N/A
Employees
7,257
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$74.85
High Stock Price Target
$115.00
Low Stock Price Target
$50.00
Potential Upside/Downside
-16.0%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$-546,500,000.00
Pretax Margin
-30.15%

Debt

Sales & Book Value

Annual Sales
$1.38 billion
Cash Flow
$4.04 per share
Book Value
$13.04 per share

Miscellaneous

Free Float
68,569,000
Market Cap
$6.12 billion
Optionable
Optionable
Beta
0.88

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This page (NASDAQ:LITE) was last updated on 11/23/2024 by MarketBeat.com Staff
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