Lumentum Holdings Inc. (LITE)

Market Cap	3.96B
Revenue (ttm)	1.36B
Net Income (ttm)	-546.50M
Shares Out	67.90M
EPS (ttm)	-8.12
PE Ratio	n/a
Forward PE	36.50
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,339,473
Open	58.58
Previous Close	58.37
Day's Range	57.82 - 59.90
52-Week Range	35.35 - 60.99
Beta	0.89
Analysts	Buy
Price Target	59.08 (+1.37%)
Earnings Date	Nov 6, 2024

About LITE

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Cloud & Networking and Industrial Tech. The Cloud & Networking segment offers components, modules, and subsystems to support the high-speed transmission of data over high-capacity fiber optic links in cloud data center, AI/ML, enterprise and communications services networking applications that enable the transmission and transport of data, video, and audio ...

• Industry: Communication Equipment
• Sector: Technology
• Founded: 2015
• Employees: 7,257
• Stock Exchange: NASDAQ
• Ticker Symbol: LITE
• Website: https://www.lumentum.com

Financial Performance

In 2024, Lumentum Holdings's revenue was $1.36 billion, a decrease of -23.08% compared to the previous year's $1.77 billion. Losses were -$546.50 million, 315.3% more than in 2023.

Analyst Forecast

According to 13 analysts, the average rating for LITE stock is "Buy." The 12-month stock price forecast is $59.08, which is an increase of 1.37% from the latest price.

Price Target

$59.08

(1.37% upside)

Analyst Consensus: Buy