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NASDAQ:LITE

Lumentum (LITE) Stock Price, News & Analysis

$61.49
-1.89 (-2.98%)
(As of 10/1/2024 ET)

About Lumentum Stock (NASDAQ:LITE)

Key Stats

Today's Range
$60.84
$64.13
50-Day Range
$40.28
$64.74
52-Week Range
$35.35
$65.52
Volume
1.43 million shs
Average Volume
1.41 million shs
Market Capitalization
$4.16 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$59.08
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
71st Percentile Overall Score

LITE MarketRank™: 

Lumentum scored higher than 71% of companies evaluated by MarketBeat, and ranked 315th out of 664 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 11 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 by 1,027.27% in the coming year, from $0.22 to $2.48 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lumentum is -11.71, 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 -11.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Lumentum has a PEG Ratio of 4.83. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Lumentum has a P/B Ratio of 4.34. 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

    15.07% 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 6.2.
  • Change versus previous month

    Short interest in Lumentum has recently increased by 1.15%, 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

    15.07% 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 6.2.
  • Change versus previous month

    Short interest in Lumentum has recently increased by 1.15%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Lumentum has a news sentiment score of 0.81. 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 0.59 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 4 articles on an average week.
  • Search Interest

    Only 5 people have searched for LITE on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Lumentum insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.60% 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

Lumentum (NASDAQ:LITE) Hits New 12-Month High at $62.26
The world’s smartest man is in their crosshairs
Elon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump.
LITE Jan 2026 25.000 put
LITE Jan 2025 25.000 call
LITE Dec 2025 95.000 call
LITE Jan 2026 52.500 put
See More Headlines

LITE Stock Analysis - Frequently Asked Questions

Lumentum's stock was trading at $52.42 at the beginning of 2024. Since then, LITE shares have increased by 17.3% and is now trading at $61.49.
View the best growth stocks for 2024 here
.

Lumentum Holdings Inc. (NASDAQ:LITE) announced its earnings results on Wednesday, August, 14th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. Lumentum's revenue was down 16.9% compared to the same quarter last year.

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), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Salesforce (CRM), Intel (INTC) and QUALCOMM (QCOM).

Company Calendar

Last Earnings
8/14/2024
Today
10/01/2024
Next Earnings (Estimated)
11/13/2024
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
$59.08
High Stock Price Target
$70.00
Low Stock Price Target
$40.00
Potential Upside/Downside
-4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$-546,500,000.00
Pretax Margin
-29.85%

Debt

Sales & Book Value

Annual Sales
$1.36 billion
Cash Flow
$3.80 per share
Book Value
$14.16 per share

Miscellaneous

Free Float
67,194,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
0.88
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This page (NASDAQ:LITE) was last updated on 10/2/2024 by MarketBeat.com Staff
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