Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Lumentum Holdings Inc Market Cap
The Lumentum Holdings Inc (LITE) share price is expected to increase by 2.49% over the next year. This is based on calculating the average 12-month share price estimate provided by 15 stock analysts who have covered LITE. Price targets range from $40 at the low end to $84 at the high end. The current analyst consensus for LITE is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
LITE is a stock in Technology which has been forecasted to be worth $59.73 as an average. On the higher end, the forecast price is $84 USD by from Morgan Stanley and on the lower end LITE is forecasted to be $40 by Tim Savageaux from Northland Capital Markets.
These are the latest 20 analyst ratings of LITE.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Tim Savageaux Northland Capital Markets | Market Perform | $45 | Maintains | Aug 16, 2024 |
| Tom O'Malley Barclays | Underweight | $40 | Maintains | Aug 15, 2024 |
| Mike Genovese Rosenblatt | Buy | $69 | Maintains | Aug 15, 2024 |
| Vivek Arya B of A Securities | Underperform | $50 | Maintains | Aug 15, 2024 |
| Dave Kang B. Riley Securities | Neutral | $50 | Maintains | Aug 15, 2024 |
| Meta Marshall Morgan Stanley | Equal-Weight | $54 | Maintains | Aug 15, 2024 |
| George Notter Jefferies | Buy | $65 | Maintains | Aug 15, 2024 |
| Richard Shannon Craig-Hallum | Buy | $70 | Maintains | Aug 15, 2024 |
| Alex Henderson Needham | Buy | $70 | Maintains | Aug 15, 2024 |
| Samik Chatterjee JP Morgan | Overweight | $65 | Maintains | Aug 12, 2024 |
| Christopher Rolland Susquehanna | Positive | $70 | Maintains | Jul 17, 2024 |
| Alex Henderson Needham | Buy | $55 | Maintains | May 20, 2024 |
| Dave Kang B. Riley Securities | Neutral | $40 | Maintains | May 7, 2024 |
| Tom O'Malley Barclays | Underweight | $38 | Maintains | May 7, 2024 |
| Samik Chatterjee JP Morgan | Overweight | $57 | Maintains | Apr 11, 2024 |
| Simon Leopold Raymond James | Outperform | $58 | Maintains | Apr 1, 2024 |
| Ruben Roy Stifel | Buy | $62 | Maintains | Apr 1, 2024 |
| Alex Henderson Needham | Buy | $50 | Reiterates | Feb 9, 2024 |
| Samik Chatterjee JP Morgan | Overweight | $62 | Maintains | Feb 9, 2024 |
| Mike Genovese Rosenblatt | Buy | $65 | Maintains | Feb 9, 2024 |
When did it IPO
N/A
Staff Count
7,500
Country
United States
Sector/Industry
Technology/Communication Equipment
CEO
Mr. Alan S. Lowe
Market Cap
$3.97B
In 2023, LITE generated $1.77B in revenue, which was a increase of 3.18% from the previous year. This can be seen as a signal that LITE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 19 Aug 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Lumentum Holdings' stock surged 20% after Q4 results exceeded guidance, with strong revenue and non-GAAP EPS, prompting investors to buy back shares.
Why It Matters - Lumentum's strong quarterly results and higher-than-expected revenue and earnings signal robust performance, boosting investor confidence and driving stock price up significantly.
Thu, 15 Aug 2024
Sentiment - NEUTRAL
Source - The Motley Fool
Summary - Q4 FY 2024 revenue was $308.3 million, meeting guidance. Non-GAAP Diluted EPS was $0.06, above the projected range of ($0.05) to $0.10.
Why It Matters - Q4 FY 2024 revenue met guidance, indicating stability, while EPS exceeded expectations, signaling potential for growth and positive market sentiment.
Thu, 15 Aug 2024
Sentiment - POSITIVE
Source - Barrons
Summary - Lumentum reported strong earnings for Q2 and issued positive guidance, indicating potential growth and stability for investors.
Why It Matters - Strong earnings and positive guidance from Lumentum indicate robust financial health and growth potential, likely boosting investor confidence and stock performance.
Thu, 15 Aug 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Lumentum Holdings Inc. will hold its Q4 2024 Earnings Conference Call on August 14, 2024, at 5:30 PM ET, featuring key executives and analysts from major financial firms.
Why It Matters - The earnings call indicates upcoming financial performance insights for Lumentum Holdings, impacting stock valuation, market sentiment, and investor expectations.
Wed, 14 Aug 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Lumentum Holdings reported Q4 and full-year results exceeding revenue and EPS guidance, with record orders for datacom chips and positive trends in the traditional networking market.
Why It Matters - Lumentum's strong Q4 results and record datacom chip orders indicate robust demand in a growing market, potentially driving future revenue and stock performance positively.
Thu, 15 Aug 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - Lumentum Holdings Inc. (LITE) shares rose following the release of strong fourth-quarter results, prompting several analysts to increase their price targets for the stock.
Why It Matters - Higher trading shares and raised price targets indicate positive market sentiment and growth potential for Lumentum Holdings, signaling potential investment opportunities.
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