Lumentum Holdings Inc. (LITE)

Market Cap	3.58B
Revenue (ttm)	1.83B
Net Income (ttm)	28.60M
Shares Out	68.50M
EPS (ttm)	0.37
PE Ratio	141.19
Forward PE	10.76
Dividend	n/a
Ex-Dividend Date	n/a

Volume	596,828
Open	51.21
Previous Close	50.89
Day's Range	51.20 - 52.54
52-Week Range	48.73 - 99.85
Beta	1.10
Analysts	Buy
Price Target	72.25 (+38.3%)
Earnings Date	May 3, 2023

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...

• Industry: Communication Equipment
• Sector: Technology
• CEO: Mr. Alan S. Lowe
• Employees: 6,815
• Stock Exchange: NASDAQ
• Ticker Symbol: LITE

Financial Performance

In 2022, LITE's revenue was $1.71 billion, a decrease of -1.73% compared to the previous year's $1.74 billion. Earnings were $198.90 million, a decrease of -49.94%.

Analyst Forecast

According to 23 analysts, the average rating for LITE stock is "Buy." The 12-month stock price forecast is $72.25, which is an increase of 38.30% from the latest price.

Price Target

$72.25

(38.30% upside)

Analyst Consensus: Buy