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Lumentum Holdings Inc. (LITE)

NASDAQ: LITE · IEX Real-Time Price · USD
85.25
-0.23 (-0.27%)
After-hours:Sep 23, 2021 4:40 PM EDT
85.48
1.11 (1.32%)
At close: Sep 23, 4:00 PM
Market Cap6.13B
Revenue (ttm)1.74B
Net Income (ttm)397.30M
Shares Out74.80M
EPS (ttm)5.07
PE Ratio16.86
Forward PE14.86
Dividendn/a
Ex-Dividend Daten/a
Volume516,879
Open84.59
Previous Close84.37
Day's Range84.48 - 86.34
52-Week Range65.67 - 112.08
Beta0.91
AnalystsStrong Buy
Price Target95.88 (+12.2%)
Est. Earnings DateNov 1, 2021

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...

IndustryCommunications Equipment
CEOAlan Lowe
Employees5,618
Stock ExchangeNASDAQ
Ticker SymbolLITE
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 16 analysts, the average rating for LITE stock is "Strong Buy." The 12-month stock price forecast is 95.88, which is an increase of 12.17% from the latest price.

Price Target
$95.88
(12.17% upside)
Analyst Consensus: Strong Buy

News

Lumentum Announces Industry-First SmartTuning Multi-Source Agreement for Self-Tuning Optics to Enhance 5G Mobile Netw...

SAN JOSE, Calif., Sept. 13, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced the formatio...

1 week ago - PRNewsWire

Why Lumentum (LITE) Stock Might be a Great Pick

Lumentum (LITE) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.

2 weeks ago - Zacks Investment Research

Lumentum Announces the Appointment of Grace Lee as Senior Vice President and Chief Human Resources Officer

SAN JOSE, Calif. , Aug. 30, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") announced the appointment of Grace Lee as Senior Vice President and Chief Human Resources Officer, reporting to Alan ...

3 weeks ago - PRNewsWire

Lumentum Commits to a Sustainable Future in its Inaugural Corporate Social Responsibility Report

SAN JOSE, Calif., Aug. 26, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today released its inaugural Corporate Social Responsibility Report, covering the company's commitment to a sustainabl...

4 weeks ago - PRNewsWire

Richard Snow's Top 5 Trades of the 2nd Quarter

Richard Snow (Trades, Portfolio), founder of Snow Capital, disclosed this week that his firm's top five trades during the second quarter included new buys in Lumentum Holdings Inc. ( LITE , Financial) a...

Other symbols:CHKPCNKHASNTAP
4 weeks ago - GuruFocus

Lumentum (LITE) Q4 Earnings and Revenues Surpass Estimates

Lumentum (LITE) delivered earnings and revenue surprises of 7.48% and 1.99%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Lumentum Q4 Result Tops Consensus; Semiconductor Components Shortage Weighs On Q1 Revenue Outlook

Lumentum Holdings Inc (NASDAQ: LITE) reported fourth-quarter FY21 revenue growth of 6.5% year-on-year to $392.1 million, beating the analyst consensus of $382.2 million. QCT and QTL segments drove Qualc...

1 month ago - Benzinga

Lumentum Holdings: Q4 Earnings Insights

Shares of Lumentum Holdings (NASDAQ:LITE) rose 2.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 2.54% year over year to $1.15, which beat ...

1 month ago - Benzinga

Lumentum Announces Fiscal Fourth Quarter And Full Year 2021 Results

SAN JOSE, Calif., Aug. 18, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum" or the "Company") today reported results for its fiscal fourth quarter and full year ended July 3, 2021.

1 month ago - PRNewsWire

Earnings Preview: Lumentum (LITE) Q4 Earnings Expected to Decline

Lumentum (LITE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

11 Mighty Mid-Cap Stocks for the Rest of 2021

Want more stability and greater growth prospects in your investments? These top-rated mid-cap stocks offer the best of both worlds.

1 month ago - Kiplinger

Lumentum to Announce Fiscal Fourth Quarter and Fiscal Year 2021 Financial Results on August 18, 2021

SAN JOSE, Calif., Aug. 2, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal fourth quarter and fiscal year 2021 financial results for the period en...

1 month ago - PRNewsWire

Bear of the Day: Lumentum (LITE)

Bear of the Day: Lumentum (LITE)

2 months ago - Zacks Investment Research

7 Virtual Reality Stocks That Can Compete With Facebook

There are many different ways you can choose to invest in virtual reality stocks. This article will give you seven companies that merit your consideration.

Other symbols:AAPLMSFTNVDAQCOMSNAPU
2 months ago - InvestorPlace

Three Reasons Why Internet Infrastructure Stocks Are A Buy

Our indicative Theme of Internet Infrastructure Stocks - which includes a diverse set of companies that sell hardware and software that underpin the Internet - has returned about 14% year-to-date, margi...

Other symbols:CSCOMUNVDA
2 months ago - Forbes

Better Buy: Micron Technology vs. Lumentum

Which components maker is the better investment?

Other symbols:MU
3 months ago - The Motley Fool

Lumentum Partners With Ericsson, Nokia, And Other Industry Participants In Mobile Optical Pluggables (MOPA) Joint Tec...

SAN JOSE, Calif., June 8, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, announced its participation in...

3 months ago - PRNewsWire

Isaac Harris Joins Lumentum Board of Directors

SAN JOSE, Calif., June 7, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced the appointment of Isaac ("Ike") Harris, Corporate Vice President, Global Supply Chain Operations for Z...

3 months ago - PRNewsWire

Lumentum to Highlight and Present Latest Innovations at OFC 2021 Virtual Event

SAN JOSE, Calif., June 3, 2021 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum"), an industry-leading provider of next-generation optical communications solutions, today announced the company will hig...

3 months ago - PRNewsWire

Where Lumentum Holdings Stands With Analysts

Analysts have provided the following ratings for Lumentum Holdings (NASDAQ:LITE) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 5 0 2 Somewhat Bullish 0 2 0 0 Indi...

3 months ago - Benzinga

5 Tech Stocks That Bargain Hunters Will Love

The market is frothy, and tech stocks are certainly to blame. But with these five picks, you can get exposure to the sector without getting fleeced.

Other symbols:ADSJBLQRVOVSH
3 months ago - Kiplinger

Ambarella, Lumentum, ON Semiconductor Forge AIoT Device Partnership

AI vision silicon company Ambarella Inc (NASDAQ: AMBA), optical and photonic product manufacturer Lumentum Holdings Inc (NASDAQ: LITE), and CMOS image sensor solution provider ON Semiconductor Corp (NAS...

Other symbols:AMBAON
3 months ago - Benzinga

New Strong Sell Stocks for May 25th

AJRD, BLU, GMBL, LITE, and PSXP have been added to the Zacks Rank #5 (Strong Sell) List on May 25, 2021

Other symbols:AJRDBLUGMBLPSXP
3 months ago - Zacks Investment Research

Lumentum (LITE) Q3 Earnings & Revenues Lag Estimates

Lumentum Holdings' (LITE) third-quarter fiscal 2021 results were negatively impacted by 5G deployment delays in China.

4 months ago - Zacks Investment Research

Why Lumentum Stock Got Crushed on Wednesday

The optical technology company reported disappointing quarterly results.

4 months ago - The Motley Fool