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Lumentum Holdings (LITE)
NASDAQ:LITE
Lumentum Holdings (LITE) Stock Price & Analysis
2,158 Followers
LITE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$35.35 - $65.16
Previous Close$46.8
Volume204.93K
Average Volume (3M)1.27M
Market Cap
$3.13B
Enterprise Value$4.83B
Total Cash (Recent Filing)$1.22B
Total Debt (Recent Filing)$2.89B
Price to Earnings (P/E)-8.9
Beta1.25
Next Earnings
Aug 14, 2024EPS Estimate
$0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.25
Shares Outstanding67,600,000
10 Day Avg. Volume1,861,721
30 Day Avg. Volume1,272,071
Standard Deviation0.12
R-Squared0.24
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-5.94
Price to Sales (P/S)9.96
Price to Cash Flow (P/CF)-502.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.48
Enterprise Value/Gross Profit7.39
Enterprise Value/Ebitda19.60
Forecast
1Y Price Target
$55.10Price Target Upside19.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Lumentum Holdings News
PremiumPre-Earnings
Is LITE a Buy, Before Earnings?Bulls Say, Bears Say
Bulls Say
Acquisition BenefitsLITE's acquisition of Cloud Light positions the company well in the fast-growing AI/cloud networking/infrastructure market.
Market ExpansionDatacom is expected to grow incrementally as the industry sees advancements in 1.6T and other AI optics.
Product AdoptionThe company highlighted adoption for their newest telecom products, such as 130/200 gigabaud coherent components and integrated ROADMs.
Bears Say
Competitive LandscapeLITE faces stiff competition in the datacom transceivers market, which could limit profitability due to low margins and a cap on operating expenses.
Financial OutlookLumentum's financial performance is hampered by export controls to China, with anticipated impacts on revenue, and the market's reaction suggests disappointment with the company's short-term prospects.
Guidance And Market PositionLumentum's guidance falls short of expectations due to telco inventory corrections, networking export restrictions, and the impact of product transitions.
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Ownership Overview
1.33% Insiders
45.88% Mutual Funds
52.05% Other Institutional Investors
0.75% 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 $65.16 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 89 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 $0.03.
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
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$55.10 (19.06% Upside)
$55.10 (19.06% 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.
Insider Transactions
Sold Shares
Worth $521.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.3%
Last 30 Days ▲ 7.7%
Last 30 Days ▲ 7.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
5.57%
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
$55.10
▲(19.06% Upside)
Technical Analysis
Best Analysts Covering LITE
1 Year
1 Year Success Rate
30/46 ratings generated profit
1 Year Average Return
+12.83%
reiterated a buy rating 9 months ago
Copying Simon Leopold's trades and holding each position for 1 Year would result in 65.22% of your transactions generating a profit, with an average return of +12.83% per trade.
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