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Lumentum (LITE) Competitors

Lumentum logo
$85.08 +1.52 (+1.82%)
(As of 12/20/2024 05:31 PM ET)

LITE vs. NOK, GFS, HUBB, STM, ASX, UI, ALAB, UMC, FLEX, and CRDO

Should you be buying Lumentum stock or one of its competitors? The main competitors of Lumentum include Nokia Oyj (NOK), GlobalFoundries (GFS), Hubbell (HUBB), STMicroelectronics (STM), ASE Technology (ASX), Ubiquiti (UI), Astera Labs (ALAB), United Microelectronics (UMC), Flex (FLEX), and Credo Technology Group (CRDO). These companies are all part of the "electronic equipment" industry.

Lumentum vs.

Lumentum (NASDAQ:LITE) and Nokia Oyj (NYSE:NOK) are both computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, profitability, community ranking, risk, earnings, analyst recommendations, institutional ownership, valuation and media sentiment.

Lumentum currently has a consensus price target of $75.38, suggesting a potential downside of 11.40%. Nokia Oyj has a consensus price target of $6.43, suggesting a potential upside of 45.03%. Given Nokia Oyj's stronger consensus rating and higher probable upside, analysts clearly believe Nokia Oyj is more favorable than Lumentum.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Lumentum
2 Sell rating(s)
3 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.46
Nokia Oyj
1 Sell rating(s)
1 Hold rating(s)
3 Buy rating(s)
1 Strong Buy rating(s)
2.67

In the previous week, Nokia Oyj had 9 more articles in the media than Lumentum. MarketBeat recorded 17 mentions for Nokia Oyj and 8 mentions for Lumentum. Lumentum's average media sentiment score of 0.95 beat Nokia Oyj's score of 0.37 indicating that Lumentum is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Lumentum
4 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Nokia Oyj
4 Very Positive mention(s)
1 Positive mention(s)
12 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

94.1% of Lumentum shares are held by institutional investors. Comparatively, 5.3% of Nokia Oyj shares are held by institutional investors. 0.2% of Lumentum shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Nokia Oyj received 92 more outperform votes than Lumentum when rated by MarketBeat users. However, 71.64% of users gave Lumentum an outperform vote while only 61.13% of users gave Nokia Oyj an outperform vote.

CompanyUnderperformOutperform
LumentumOutperform Votes
902
71.64%
Underperform Votes
357
28.36%
Nokia OyjOutperform Votes
994
61.13%
Underperform Votes
632
38.87%

Lumentum has a beta of 0.95, suggesting that its stock price is 5% less volatile than the S&P 500. Comparatively, Nokia Oyj has a beta of 1.08, suggesting that its stock price is 8% more volatile than the S&P 500.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Lumentum$1.38B4.24-$546.50M-$8.28-10.28
Nokia Oyj$19.77B1.22$719.73M$0.0855.38

Nokia Oyj has a net margin of 2.18% compared to Lumentum's net margin of -40.70%. Nokia Oyj's return on equity of 8.32% beat Lumentum's return on equity.

Company Net Margins Return on Equity Return on Assets
Lumentum-40.70% -6.79% -1.75%
Nokia Oyj 2.18%8.32%4.44%

Summary

Nokia Oyj beats Lumentum on 13 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} 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$5.84B$905.71M$25.96B$9.07B
Dividend YieldN/A1.94%2.78%4.23%
P/E Ratio-10.2813.12238.1117.17
Price / Sales4.2474.593,339.73116.95
Price / Cash23.5616.9235.6937.86
Price / Book6.013.198.124.78
Net Income-$546.50M-$22.50M$681.16M$225.60M
7 Day Performance-8.44%6.09%0.41%-1.23%
1 Month Performance-0.63%14.79%7.01%3.36%
1 Year Performance65.20%56.05%23.11%16.60%

Lumentum Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
LITE
Lumentum
3.2295 of 5 stars
$85.08
+1.8%
$75.38
-11.4%
+70.0%$5.84B$1.38B-10.287,257Analyst Forecast
NOK
Nokia Oyj
3.5415 of 5 stars
$4.48
flat
$5.42
+20.9%
+36.3%$24.43B$19.77B56.0086,689
GFS
GlobalFoundries
3.5599 of 5 stars
$44.21
+0.8%
$50.21
+13.6%
-28.1%$24.39B$6.77B32.7512,000Positive News
HUBB
Hubbell
4.1437 of 5 stars
$452.43
-0.3%
$472.13
+4.4%
+32.9%$24.28B$5.37B32.6818,317
STM
STMicroelectronics
3.6101 of 5 stars
$25.70
-2.2%
$36.26
+41.1%
-49.9%$23.22B$17.29B10.5651,323Ex-Dividend
Gap Down
ASX
ASE Technology
4.6911 of 5 stars
$10.33
+1.7%
N/A+12.8%$22.68B$593.73B22.5892,894Positive News
UI
Ubiquiti
2.5834 of 5 stars
$350.31
+1.6%
$310.50
-11.4%
+154.4%$21.18B$1.93B53.391,515Positive News
ALAB
Astera Labs
2.4863 of 5 stars
$129.75
-1.8%
$94.67
-27.0%
N/A$20.58B$305.71M0.00225Analyst Forecast
Gap Down
UMC
United Microelectronics
2.5679 of 5 stars
$6.40
+0.2%
$7.40
+15.6%
-16.4%$16.04B$7.25B9.8319,833Positive News
FLEX
Flex
3.306 of 5 stars
$38.18
-0.5%
$42.67
+11.8%
+30.6%$14.81B$25.45B16.98148,000
CRDO
Credo Technology Group
3.0412 of 5 stars
$76.18
+0.3%
$67.33
-11.6%
+260.8%$12.74B$245.59M-518.47500Analyst Forecast
Insider Trade
Gap Down

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This page (NASDAQ:LITE) was last updated on 12/21/2024 by MarketBeat.com Staff
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