Luna Innovations Incorporated (LUNA)

NASDAQ: LUNA · IEX Real-Time Price · USD
6.33
-0.14 (-2.16%)
Mar 21, 2023, 4:00 PM EDT - Market closed
-2.16%
Market Cap 229.81M
Revenue (ttm) 109.50M
Net Income (ttm) 9.28M
Shares Out 36.31M
EPS (ttm) 0.28
PE Ratio 22.61
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 318,553
Open 6.51
Previous Close 6.47
Day's Range 6.32 - 6.69
52-Week Range 4.06 - 10.97
Beta 1.31
Analysts Buy
Price Target 10.33 (+63.19%)
Earnings Date Mar 14, 2023

About LUNA

Luna Innovations Incorporated develops, manufactures, and markets fiber optic test, measurement, and control products worldwide. The company offers optical test and measurement products, which include optical vector analyzer, optical backscatter reflectometers, and the Phoenix family of tunable lasers; and Hyperion sensing solution that enables full-spectrum data acquisition and flexible peak detect algorithms of fiber-bragg gratings (FBGs), long period FBGs, and fabry-perot sensors with low-latency access to data for closed loop feedback appli... [Read more]

Sector Technology
IPO Date Jun 2, 2006
Employees 385
Stock Exchange NASDAQ
Ticker Symbol LUNA
Full Company Profile

Financial Performance

In 2022, LUNA's revenue was $109.50 million, an increase of 25.12% compared to the previous year's $87.51 million. Earnings were $9.28 million, an increase of 571.42%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for LUNA stock is "Buy." The 12-month stock price forecast is $10.33, which is an increase of 63.19% from the latest price.

Price Target
$10.33
(63.19% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Top 5 Tech Stocks Which You'll Regret Missing This Quarter - Credo Technology Group (NASDAQ:CRDO), Clearfield (NASDAQ:CLFD)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: CLFDCRDOSABRUIS
5 days ago - Benzinga

Luna Innovations Reports Strong Fourth-Quarter and Full-Year 2022 Results

ROANOKE, Va.--(BUSINESS WIRE)-- #EARNINGS--Luna announces strong financial results for the fourth-quarter and full-year 2022.

1 week ago - Business Wire

Luna Innovations Partners to Deliver Clean Energy from Largest Offshore Wind Project in the U.S.

ROANOKE, Va.--(BUSINESS WIRE)-- #CLEANENERGY--Luna announces partnership with Dominion Energy to provide monitoring services for the largest offshore wind project in the U.S.

3 weeks ago - Business Wire

Luna Announces Fourth-Quarter and Full-Year 2022 Financial Release Date of March 14, 2023

Roanoke, VA, Feb. 21, 2023 (GLOBE NEWSWIRE) -- ROANOKE, V A , February 2 1 , 20 2 3 -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its fourth-quarter and full-year fina...

1 month ago - GlobeNewsWire

Recent Price Trend in Luna Innovations Incorporated (LUNA) is Your Friend, Here's Why

Luna Innovations Incorporated (LUNA) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks tha...

1 month ago - Zacks Investment Research

Luna Innovations Incorporated (LUNA) Is a Great Choice for 'Trend' Investors, Here's Why

If you are looking for stocks that are well positioned to maintain their recent uptrend, Luna Innovations Incorporated (LUNA) could be a great choice. It is one of the several stocks that passed throu...

2 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength Amid Uncertainty

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are XPRO, LUNA, BWMN, ASUR and PERI.

Other symbols: ASURBWMNPERIXPRO
2 months ago - Zacks Investment Research

Luna to Present at Needham Growth Conference

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that company executives will participate in the...

2 months ago - Business Wire

Here's Why Momentum in Luna Innovations Incorporated (LUNA) Should Keep going

Luna Innovations Incorporated (LUNA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that...

2 months ago - Zacks Investment Research

Luna Wins Major Contract for Levee Monitoring

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, was recently awarded a contract with PT Freeport Indonesia, an affiliate of ...

3 months ago - Business Wire

Luna Secures Multi-Year Agreement with Northrop Grumman

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that it has extended its existing relationship ...

3 months ago - Business Wire

Luna to Present at Singular Research's Best of the Uncovered Investor Conference on December 8, 2022

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Scott Graeff, President and CEO, will part...

3 months ago - Business Wire

Luna Innovations to Present at the Southwest IDEAS Investor Conference

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced that Scott Graeff, President and CEO, will part...

4 months ago - Business Wire

Luna Innovations Incorporated (LUNA) Q3 Earnings and Revenues Top Estimates

Luna Innovations Incorporated (LUNA) delivered earnings and revenue surprises of 50% and 0.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the...

4 months ago - Zacks Investment Research

Luna Innovations Reports Strong Third-Quarter 2022 Results

ROANOKE, Va.--(BUSINESS WIRE)--Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced its financial results for the three and nine months ended...

4 months ago - Business Wire

Luna Announces Third-Quarter 2022 Financial Release Date of November 10, 2022

Roanoke, VA, Oct. 27, 2022 (GLOBE NEWSWIRE) -- ROANOKE, VA, October 27, 2022 -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its third-quarter financial results for the ...

5 months ago - GlobeNewsWire

Luna Appoints Eva Hartmann to Head of Human Resources

ROANOKE, Va.

5 months ago - Business Wire

Luna Signs Significant Contract with Intuitive Surgical

ROANOKE, Va.--(BUSINESS WIRE)-- #ISRG--Luna announces new $14.2 million contract with Intuitive Surgical, executing on its strategy of long-term, recurring sales.

Other symbols: ISRG
6 months ago - Business Wire

Luna Innovations to Present at the Midwest IDEAS Investors Conference

ROANOKE, Va.--(BUSINESS WIRE)-- #IDEASConference--Luna to participate in the Midwest IDEAS Investor Conference in Chicago, IL.

7 months ago - Business Wire

Luna Innovations Incorporated (LUNA) Reports Q2 Loss, Tops Revenue Estimates

Luna Innovations Incorporated (LUNA) delivered earnings and revenue surprises of -166.67% and 0.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the...

7 months ago - Zacks Investment Research

Luna Innovations Reports Second-Quarter 2022 Results

ROANOKE, Va.--(BUSINESS WIRE)-- #EARNINGS--Luna announces its financial results for the three and six months ended June 30, 2022 and reaffirms 2022 outlook.

7 months ago - Business Wire

Luna Announces Second-Quarter 2022 Financial Release Date of August 11, 2022

Roanoke, VA, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2022, befo...

8 months ago - GlobeNewsWire

Luna Innovations Announces $35M Debt Facility

ROANOKE, Va.--(BUSINESS WIRE)--Luna announces new debt facility with PNC, replacing previous debt facilities.

Other symbols: PNC
9 months ago - Business Wire

Luna Innovations Incorporated (LUNA) Moves 11.7% Higher: Will This Strength Last?

Luna Innovations Incorporated (LUNA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further...

9 months ago - Zacks Investment Research

Luna Innovations to Present at the East Coast IDEAS Conference

ROANOKE, Va.--(BUSINESS WIRE)--Luna will be partcipating in the virtual East Coast IDEAS Confernece on June 22, 2022.

9 months ago - Business Wire