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Lumentum Holdings (LITE)
NASDAQ:LITE
Lumentum Holdings (LITE) Stock Price & Analysis
2,168 Followers
LITE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$35.35 - $60.99
Previous Close$51.43
Volume1.49M
Average Volume (3M)1.02M
Market Cap
$3.48B
Enterprise Value$5.14B
Total Cash (Recent Filing)$1.22B
Total Debt (Recent Filing)$2.89B
Price to Earnings (P/E)―
Beta1.44
Next Earnings
Aug 14, 2024EPS Estimate
$0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.25
Shares Outstanding67,600,000
10 Day Avg. Volume844,712
30 Day Avg. Volume1,024,312
Standard Deviation0.11
R-Squared0.21
Alpha-0.00469
Financial Highlights & Ratios
Price to Book (P/B)-6.48
Price to Sales (P/S)10.36
Price to Cash Flow (P/CF)-548.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.64
Enterprise Value/Gross Profit9.04
Enterprise Value/Ebitda21.58
Forecast
1Y Price Target
$55.09Price Target Upside2.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
Lumentum Holdings News
PremiumPre-Earnings
Is LITE a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Market ExposureLITE is now well exposed to the fast-growing AI/cloud networking/infrastructure market.
New Product AdoptionThe company highlighted adoption for their newest telecom products, such as 130/200 gigabaud coherent components and integrated ROADMs.
Revenue Growth100G EML revenue nearly tripled quarter over quarter in March, and they are qualifying 200G EML for both 800G and 1.6T transceivers.
Bears Say
Competitive MarketThe company faces a highly competitive market with large incumbents and customers with high buying power.
Guidance And InventoryLumentum announced in-line results but disappointing guidance, as telco inventory continues to linger.
Market TransitionThe near-term outlook is being hurt by a number of factors including the transition of capacity from China to Thailand.
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Ownership Overview
1.32% Insiders
50.80% Mutual Funds
23.20% Other Institutional Investors
24.68% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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LITE FAQ
What was Lumentum Holdings’s price range in the past 12 months?
Lumentum Holdings lowest stock price was $35.35 and its highest was $60.99 in the past 12 months.
What is Lumentum Holdings’s market cap?
Currently, no data Available
When is Lumentum Holdings’s upcoming earnings report date?
Lumentum Holdings’s upcoming earnings report date is Aug 14, 2024 which is in 42 days.
How were Lumentum Holdings’s earnings last quarter?
Lumentum Holdings released its earnings results on May 06, 2024. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03.
Is Lumentum Holdings overvalued?
According to Wall Street analysts Lumentum Holdings’s price is currently Undervalued.
Does Lumentum Holdings pay dividends?
Lumentum Holdings does not currently pay dividends.
What is Lumentum Holdings’s EPS estimate?
Lumentum Holdings’s EPS estimate is $0.02.
How many shares outstanding does Lumentum Holdings have?
Lumentum Holdings has 67,600,000 shares outstanding.
What happened to Lumentum Holdings’s price movement after its last earnings report?
Lumentum Holdings reported an EPS of $0.29 in its last earnings report, beating expectations of $0.26. Following the earnings report the stock price went down -6.144%.
Which hedge fund is a major shareholder of Lumentum Holdings?
Among the largest hedge funds holding Lumentum Holdings’s share is Atreides Management, LP. It holds Lumentum Holdings’s shares valued at 58M.
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Lumentum Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$55.09 (2.13% Upside)
$55.09 (2.13% Upside)
Blogger Sentiment
Bullish
LITE Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.2M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 5.4%
Last 30 Days ▼ 5.4%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-9.34%
12-Months-Change
Fundamentals
Return on Equity
-26.09%
Trailing 12-Months
Asset Growth
-3.43%
Trailing 12-Months
Company Description
Lumentum Holdings
Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.
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LITE Company Deck
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LITE Earnings Call
Q3 2024
0:00 / 0:00
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LITE Stock 12 Month Forecast
Average Price Target
$55.09
▲(2.13% Upside)
Technical Analysis
Best Analysts Covering LITE
1 Year
1 Year Success Rate
31/46 ratings generated profit
1 Year Average Return
+13.04%
reiterated a buy rating 11 months ago
Copying Simon Leopold's trades and holding each position for 1 Year would result in 67.39% of your transactions generating a profit, with an average return of +13.04% per trade.
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