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Lumentum Holdings (LITE)
NASDAQ:LITE
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LITE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$35.35 - $60.99
Previous Close$56.53
Volume1.67M
Average Volume (3M)1.42M
Market Cap
$3.84B
Enterprise Value$5.52B
Total Cash (Recent Filing)$887.00M
Total Debt (Recent Filing)$2.56B
Price to Earnings (P/E)―
Beta1.71
Next Earnings
Nov 06, 2024EPS Estimate
$0.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-8.10
Shares Outstanding68,000,000
10 Day Avg. Volume1,686,886
30 Day Avg. Volume1,420,865
Standard Deviation0.10
R-Squared0.20
Alpha-0.00648
Financial Highlights & Ratios
Price to Book (P/B)-5.37
Price to Sales (P/S)2.83
Price to Cash Flow (P/CF)27.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.06
Enterprise Value/Gross Profit21.93
Enterprise Value/Ebitda-68.44
Forecast
1Y Price Target
$61.67Price Target Upside7.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
Lumentum Holdings News
Bulls Say, Bears Say
Bulls Say
EarningsThe company posted $0.06 in EPS which was higher than the Street estimate of $0.02.
New ContractsLumentum announced a new customer award for 800G modules and broader engagements with more customers.
Product DemandLumentum saw record shipments of 100G EMLs along with record orders from leading AI customers.
Bears Say
Earnings GuidanceLumentum reported F4Q earnings below expectations, along with lower earnings guidance for F1Q led by volume-related margin headwinds.
Market CompetitivenessLITE faces a highly competitive market with two large incumbents, all selling to a few large hyperscale customers with high buying power and lumpy buying patterns.
Profit MarginsProfit/FCF margins are slow to recover given the high expense of ramping capacity.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
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 Nov 06, 2024 which is in 67 days.
How were Lumentum Holdings’s earnings last quarter?
Lumentum Holdings released its earnings results on Aug 14, 2024. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.025 by $0.035.
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 $0.12.
How many shares outstanding does Lumentum Holdings have?
Lumentum Holdings has 68,000,000 shares outstanding.
What happened to Lumentum Holdings’s price movement after its last earnings report?
Lumentum Holdings reported an EPS of $0.06 in its last earnings report, beating expectations of $0.025. Following the earnings report the stock price went up 14.781%.
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 67M.
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Lumentum Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$61.67 (7.05% Upside)
$61.67 (7.05% Upside)
Blogger Sentiment
Bullish
LITE Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 465.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.4%
Last 30 Days ▲ 8.8%
Last 30 Days ▲ 8.8%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.72%
12-Months-Change
Fundamentals
Return on Equity
-47.25%
Trailing 12-Months
Asset Growth
-15.12%
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
Q4 2024
0:00 / 0:00
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LITE Stock 12 Month Forecast
Average Price Target
$61.67
▲(7.05% Upside)
Technical Analysis
Best Analysts Covering LITE
1 Year
1 Year Success Rate
29/43 ratings generated profit
1 Year Average Return
+18.82%
reiterated a buy rating 16 days ago
Copying Michael Genovese's trades and holding each position for 1 Year would result in 67.44% of your transactions generating a profit, with an average return of +18.82% per trade.
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