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 2.26% 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 $60 at the low end to $115 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 $88.93333 as an average. On the higher end, the forecast price is $115 USD by Hans Mosesmann from Rosenblatt and on the lower end LITE is forecasted to be $60 by Meta Marshall from Morgan Stanley.
These are the latest 20 analyst ratings of LITE.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Meta Marshall Morgan Stanley | Equal-Weight | $76 | Maintains | Nov 14, 2024 |
| Tom O'Malley Barclays | Underweight | $80 | Maintains | Nov 11, 2024 |
| Tim Savageaux Northland Capital Markets | Market Perform | $60 | Maintains | Nov 8, 2024 |
| Mike Genovese Rosenblatt | Buy | $110 | Maintains | Nov 8, 2024 |
| Simon Leopold Raymond James | Outperform | $100 | Maintains | Nov 8, 2024 |
| Christopher Rolland Susquehanna | Positive | $115 | Maintains | Nov 8, 2024 |
| Christopher Rolland Susquehanna | Positive | $80 | Maintains | Oct 21, 2024 |
| Simon Leopold Raymond James | Outperform | $70 | Maintains | Oct 4, 2024 |
| Tim Savageaux Northland Capital Markets | Market Perform | $45 | Maintains | Aug 16, 2024 |
| Richard Shannon Craig-Hallum | Buy | $70 | Maintains | Aug 15, 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 |
| 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 |
When did it IPO
2015
Staff Count
7,257
Country
United States
Sector/Industry
Technology/Communication Equipment
CEO
Mr. Alan S. Lowe
Market Cap
$5.97B
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
Tue, 03 Dec 2024
Sentiment - POSITIVE
Source - Investors Business Daily
Summary - Investors are encouraged to explore stocks beyond major players like Nvidia, Amazon, and Tesla to identify opportunities for significant earnings growth.
Why It Matters - The mention of looking beyond major players like Nvidia, Amazon, and Tesla suggests opportunities in lesser-known stocks that may offer significant growth potential, impacting investment strategies.
Mon, 18 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Lumentum Holdings Inc. will participate in the Needham & Company Virtual Tech Week on November 19, 2024, and the UBS Global Technology and AI Conference on December 3, 2024.
Why It Matters - Lumentum's participation in major investor events signals active engagement with the investment community, potentially impacting stock performance and investor sentiment.
Tue, 19 Nov 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Lumentum Holdings Inc. won the 2024 Pipeline Innovation Award for its TrueFlex® Contentionless Twin 16x24 Wavelength Selective Switch and was a runner-up in two other categories.
Why It Matters - Lumentum's award recognition highlights its technological leadership, potentially boosting market share and investor confidence, driving stock performance upward.
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - Lumentum Holdings Inc. reported stronger-than-expected Q1 results and provided Q2 guidance that exceeds estimates.
Why It Matters - Lumentum's strong Q1 results and positive Q2 guidance signal robust demand and growth potential, likely boosting investor confidence and stock performance.
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Lumentum exceeded earnings expectations for Q1 fiscal 2025, though it continues to face challenges in achieving profitability.
Why It Matters - Lumentum's strong earnings indicate growth potential, but ongoing profitability challenges could impact future performance and stock stability.
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Lumentum's Q1 2025 results surpassed expectations, leading to a 20% stock surge. The company anticipates double-digit revenue growth in Q2, with strong prospects in cloud and AI. LITE maintains a 'buy' rating.
Why It Matters - Lumentum's strong Q1 results and positive growth forecast signal robust demand in datacom and AI sectors, boosting investor confidence and stock valuation amid mixed market challenges.
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