Lumentum Holdings Inc. (LITE)

Market Cap	5.67B
Revenue (ttm)	1.38B
Net Income (ttm)	-561.00M
Shares Out	68.70M
EPS (ttm)	-8.29
PE Ratio	n/a
Forward PE	37.53
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,581,506
Open	81.65
Previous Close	82.48
Day's Range	80.23 - 83.11
52-Week Range	38.29 - 89.70
Beta	0.88
Analysts	Buy
Price Target	74.85 (-9.24%)
Earnings Date	Nov 7, 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 $74.85, which is a decrease of -9.24% from the latest price.

Price Target

$74.85

(-9.24% downside)

Analyst Consensus: Buy