Lumentum (LITE) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lumentum in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LITE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LITE, but not buy additional shares or sell existing shares.
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12 equities research analysts have issued 12 month price targets for Lumentum's stock. Their LITE share price targets range from $41.00 to $65.00. On average, they anticipate the company's stock price to reach $52.69 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Lumentum's stock was trading at $52.42 at the beginning of the year. Since then, LITE stock has decreased by 19.3% and is now trading at $42.31.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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Lumentum Holdings Inc. (NASDAQ:LITE) posted its earnings results on Thursday, February, 8th. The technology company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.07. The technology company had revenue of $366.80 million for the quarter, compared to the consensus estimate of $363.44 million. Lumentum had a negative net margin of 18.52% and a positive trailing twelve-month return on equity of 1.04%.

ETFs with the largest weight of Lumentum (NASDAQ:LITE) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN), SPDR S&P Telecom ETF (XTL), iShares U.S. Telecommunications ETF (IYZ), iShares Future Cloud 5G and Tech ETF (IDAT), Syntax Stratified MidCap ETF (SMDY) and Invesco Russell 1000 Equal Weight ETF (EQAL).iShares Self-Driving EV and Tech ETF (IDRV).

Lumentum updated its third quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 0.200-0.350 for the period, compared to the consensus estimate of 0.320. The company issued revenue guidance of $350.0 million-$380.0 million, compared to the consensus revenue estimate of $379.2 million.

64 employees have rated Lumentum Chief Executive Officer Alan Lowe on Glassdoor.com. Alan Lowe has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lumentum investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Salesforce (CRM), Intel (INTC), QUALCOMM (QCOM), Block (SQ), Walt Disney (DIS) and Cisco Systems (CSCO).

Lumentum's stock is owned by many different retail and institutional investors. Top institutional investors include F&V Capital Management LLC (0.21%), Thompson Investment Management Inc. (0.11%), Bridge City Capital LLC (0.05%), Romano Brothers AND Company (0.03%), Mcdonald Partners LLC (0.03%) and State of Michigan Retirement System (0.02%). Insiders that own company stock include Alan S Lowe, Judy G Hamel, Julia Suzanne Johnson, Matthew Joseph Sepe, Penny Herscher and Wajid Ali.
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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.
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