Lumentum Holdings Inc. (LITE)
| Market Cap | 6.13B |
| Revenue (ttm) | 1.74B |
| Net Income (ttm) | 397.30M |
| Shares Out | 74.80M |
| EPS (ttm) | 5.07 |
| PE Ratio | 16.86 |
| Forward PE | 14.86 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 516,879 |
| Open | 84.59 |
| Previous Close | 84.37 |
| Day's Range | 84.48 - 86.34 |
| 52-Week Range | 65.67 - 112.08 |
| Beta | 0.91 |
| Analysts | Strong Buy |
| Price Target | 95.88 (+12.2%) |
| Est. Earnings Date | Nov 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...
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 StatementsAnalyst 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.
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...
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.
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 ...
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...
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...
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?
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...
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 ...
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.
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.
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...
Bear of the Day: Lumentum (LITE)
Bear of the Day: Lumentum (LITE)
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Better Buy: Micron Technology vs. Lumentum
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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...
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...
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...
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...
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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...
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
Lumentum (LITE) Q3 Earnings & Revenues Lag Estimates
Lumentum Holdings' (LITE) third-quarter fiscal 2021 results were negatively impacted by 5G deployment delays in China.
Why Lumentum Stock Got Crushed on Wednesday
The optical technology company reported disappointing quarterly results.