Lumentum Holdings Inc. (LITE)

NASDAQ: LITE · IEX Real-Time Price · USD
82.18
+3.98 (5.09%)
At close: Jun 24, 2022 4:00 PM
82.00
-0.18 (-0.22%)
After-hours: Jun 24, 2022 5:02 PM EDT
5.09%
Market Cap 5.67B
Revenue (ttm) 1.68B
Net Income (ttm) 185.70M
Shares Out 69.00M
EPS (ttm) 2.46
PE Ratio 33.43
Forward PE 11.59
Dividend n/a
Ex-Dividend Date n/a
Volume 1,128,080
Open 78.38
Previous Close 78.20
Day's Range 78.38 - 82.38
52-Week Range 73.97 - 108.90
Beta 0.90
Analysts Buy
Price Target 116.00 (+41.2%)
Earnings Date May 4, 2022

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 in two segments, Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport prod... [Read more...]

Industry Communications Equipment
CEO Alan Lowe
Employees 5,618
Stock Exchange NASDAQ
Ticker Symbol LITE
Full Company Profile

Financial Performance

In 2021, LITE's revenue was $1.74 billion, an increase of 3.82% compared to the previous year's $1.68 billion. Earnings were $397.30 million, an increase of 193.21%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for LITE stock is "Buy." The 12-month stock price forecast is 116, which is an increase of 41.15% from the latest price.

Price Target
$116
(41.15% upside)
Analyst Consensus: Buy
Stock Forecasts

News

2 Laser Stocks to Watch in a Challenging Industry

The Zacks Laser Systems and Components industry participants like Lumentum (LITE) and IPG Photonics (IPGP) gain from solid demand for emerging applications like cloud computing, autonomous driving, IoT ...

Other symbols: IPGP

IQE plc: IQE announces multi-year strategic supply agreement with Lumentum

IQE announces multi-year strategic supply agreement with Lumentum

How Much Upside is Left in Lumentum (LITE)? Wall Street Analysts Think 25%

The average of price targets set by Wall Street analysts indicates a potential upside of 25.5% in Lumentum (LITE). While the effectiveness of this highly sought-after metric is questionable, the positiv...

Lumentum Announces Upcoming Investor Events

SAN JOSE, Calif. , May 17, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that company management is currently scheduled to participate in the following investor events: Event:...

Lumentum (LITE) Q3 Earnings and Revenues Surpass Estimates

Lumentum (LITE) delivered earnings and revenue surprises of 5.31% and 0.48%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Why Lumentum Shares Are Trading Higher Today

Lumentum Holdings Inc (NASDAQ: LITE) reported third-quarter FY22 revenue of $395.4 million, down 5.7% year-on-year, in line with the consensus. Optical Communications revenue declined 11.3% Y/Y to $344....

Lumentum stock jumps after profit and revenue beats, upbeat outlook

Shares of Lumentum Holdings Inc. LITE, -1.13% shot up 5.9% in premarket trading Wednesday, after the optical and photonic products company reported fiscal third-quarter results that beat expectations, c...

Lumentum Announces Fiscal Third Quarter 2022 Financial Results

Net revenue of $395.4 million GAAP gross margin of 42.3%; Non-GAAP gross margin of 49.5% GAAP operating margin of 11.8%; Non-GAAP operating margin of 26.5% GAAP diluted net income per share of $0.35; No...

Lumentum to Highlight New Innovations at LASER World of PHOTONICS Munich 2022

Lumentum exhibits latest high-precision, high-power ultrafast industrial lasers and industry-leading 3D sensing solutions  SAN JOSE, Calif. , April 25, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lume...

Lumentum Introduces High-Precision FemtoBlade™ Laser System

Innovative design enables higher throughput, precision, flexibility, and reliability SAN JOSE, Calif. , April 21, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and ...

Lumentum Receives Prestigious LEED® Silver Certification

Lumentum commits to a lighter footprint and achieves LEED Silver certification for its San Jose headquarters SAN JOSE, Calif. , April 14, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a mark...

Lumentum to Announce Fiscal Third Quarter 2022 Financial Results on May 4, 2022

SAN JOSE, Calif. , April 12, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2022 financial results on Wednesday, May 4, 2022, befo...

Lumentum Announces Latest Series of High-Performance Multi-Junction VCSEL Arrays for Advanced Mobility and Industrial...

Enabling flexibility and scalability with innovative LiDAR and 3D sensing solutions SAN JOSE, Calif. , April 7, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a leading provider of vertical-c...

Lumentum and Ayar Labs Announce Strategic Collaboration to Supply External Light Sources for Co-packaged Optical Inte...

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum”), a market-leading designer and manufacturer of innovative optical and photonic products, and Ayar Labs Inc. (“Ayar Labs”), a leader...

Lumentum to Demonstrate and Preview Innovations at OFC 2022

SAN JOSE and SAN DIEGO, Calif., March 7, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, will participat...

Lumentum Holdings Inc. Announces Pricing of $750 Million Convertible Notes Offering

SAN JOSE, Calif., March 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (NASDAQ: LITE) today announced the pricing of $750 million aggregate principal amount of convertible senior notes due ...

Lumentum Holdings Inc. Announces $750 Million Convertible Notes Offering

SAN JOSE, Calif. , March 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (NASDAQ: LITE) today announced its intention to offer, subject to market conditions and other factors, $750 million a...

Lumentum Increases Share Repurchase Authorization to $1 Billion

SAN JOSE, Calif., March 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") (NASDAQ: LITE) today announced that its Board of Directors has authorized an increase of its share repurchase program ...

Lumentum Thought Leaders to Present at OFC 2022

SAN JOSE, Calif. and SAN DIEGO, March 2, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced...

Lumentum to Host Investor and Analyst Briefing at OFC 2022

SAN JOSE, Feb. 23, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that management will host an investor and analyst briefing during the 2022 Optical Fiber Communication Confere...

3 Laser Stocks to Watch in a Challenging Industry

The Zacks Laser Systems and Components industry participants like CyberOptics (CYBE), Lumentum (LITE) and Cutera (CUTR) gain from solid demand for emerging applications like cloud computing, autonomous ...

Other symbols: CUTRCYBE

LUMENTUM RECEIVES THAILAND PRIME MINISTER'S INDUSTRY AWARD FOR THE SECOND CONSECUTIVE YEAR

SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced today that Thai Prim...

Lumentum (LITE) Q2 Earnings and Revenues Beat Estimates

Lumentum (LITE) delivered earnings and revenue surprises of 0.63% and 0.02%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Lumentum Shares Dip On Weak Q3 Outlook; Tops Q2 Consensus; Margins Shrink Due To Supply Crisis

Lumentum Holdings Inc  LITE reported second-quarter FY22 revenue of $446.7 million, down 6.7% year-on-year, beating the consensus of $445.5 million. Optical Communications revenue declined 11.5% Y/Y to ...

LUMENTUM ANNOUNCES FISCAL SECOND QUARTER 2022 FINANCIAL RESULTS

SAN JOSE, Calif., Feb. 3, 2022 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal second quarter ended January 1, 2022.