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Lumentum Holdings (LITE)
NASDAQ:LITE
Holding LITE?
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LITE Stock Chart & Stats
Day’s Range― - ―
52-Week Range$38.29 - $96.25
Previous CloseN/A
Volume381.63K
Average Volume (3M)1.51M
Market Cap
$6.14B
Enterprise Value$6.11B
Total Cash (Recent Filing)$555.30M
Total Debt (Recent Filing)$317.50M
Price to Earnings (P/E)―
Beta2.70
Next Earnings
Feb 06, 2025EPS Estimate
0.35Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-8.29
Shares Outstanding68,700,000
10 Day Avg. Volume1,519,651
30 Day Avg. Volume1,507,138
Standard Deviation0.11
R-Squared0.20
Alpha-0.00399
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.45
Price to Cash Flow (P/CF)38.80
P/FCF Ratio0.00
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue4.43
Enterprise Value/Gross Profit24.31
Enterprise Value/Ebitda-67.18
Forecast
1Y Price Target
$88.89Price Target Upside-5.85% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Lumentum Holdings News
PremiumCompany Announcements
Lumentum Holdings Welcomes Paul Lundstrom to Board
PremiumCompany Announcements
Lumentum Holdings Sets Strategic Direction at 2024 MeetingBulls Say, Bears Say
Bulls Say
Growth PotentialExpanding EML production capacity is seen as a major catalyst for future growth.
Market PositionLITE is named the top pick for 2025 in the Networking and Cloud Communications sectors.
Strategic AdvantageExposure to the surging AI and cloud infrastructure market, with 200G EMLs ramping up for higher capacities, is considered a strategic advantage.
Bears Say
Cash FlowRising capital expenditures are pressuring free cash flow, which remains low despite the company's growth.
Financial PerformanceThe surge in growth comes at a high cost, with gross margins taking a somewhat more muted expansion trajectory due to expensive capacity ramps and margin dilutive Cloudlight modules, while operating expenses are expected to climb given elevated R&D investments.
Market CompetitionDespite participating in a fast growing industry, the datacom market is highly competitive with two large incumbents, where high bargaining power and lumpy purchasing patterns mean that gross margins may not expand significantly.
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Ownership Overview
1.26% Insiders
39.24% Mutual Funds
0.15% Other Institutional Investors
36.42% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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LITE FAQ
What was Lumentum Holdings’s price range in the past 12 months?
Lumentum Holdings lowest stock price was $38.28 and its highest was $96.25 in the past 12 months.
What is Lumentum Holdings’s market cap?
Lumentum Holdings’s market cap is $6.14B.
When is Lumentum Holdings’s upcoming earnings report date?
Lumentum Holdings’s upcoming earnings report date is Feb 06, 2025 which is in 18 days.
How were Lumentum Holdings’s earnings last quarter?
Lumentum Holdings released its earnings results on Nov 07, 2024. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.122 by $0.058.
Is Lumentum Holdings overvalued?
According to Wall Street analysts Lumentum Holdings’s price is currently Overvalued.
Does Lumentum Holdings pay dividends?
Lumentum Holdings does not currently pay dividends.
What is Lumentum Holdings’s EPS estimate?
Lumentum Holdings’s EPS estimate is 0.35.
How many shares outstanding does Lumentum Holdings have?
Lumentum Holdings has 68,700,000 shares outstanding.
What happened to Lumentum Holdings’s price movement after its last earnings report?
Lumentum Holdings reported an EPS of $0.18 in its last earnings report, beating expectations of $0.122. Following the earnings report the stock price went up 13.865%.
Which hedge fund is a major shareholder of Lumentum Holdings?
Among the largest hedge funds holding Lumentum Holdings’s share is Atreides Management, LP. It holds Lumentum Holdings’s shares valued at 107M.
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Lumentum Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$88.89 (-5.85% Downside)
$88.89 (-5.85% Downside)
Blogger Sentiment
Bullish
LITE Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 8.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 8.3%
Last 30 Days ▲ 8.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
83.03%
12-Months-Change
Fundamentals
Return on Equity
-50.85%
Trailing 12-Months
Asset Growth
-12.66%
Trailing 12-Months
Company Description
Lumentum Holdings
Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.
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LITE Company Deck
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LITE Earnings Call
Q1 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements such as exceeding revenue expectations, securing new customer engagements, and strong growth forecasts for the cloud and networking segments. However, challenges remain in the Industrial Tech segment with declining revenue, ongoing capacity constraints, and uncertain telecom spending. Despite these challenges, the company is optimistic about its strategic initiatives and growth prospects.Read More>---
LITE Stock 12 Month Forecast
Average Price Target
$88.89
▼(-5.85% Downside)
Technical Analysis
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Best Analysts Covering LITE
1 Year
1 Year Success Rate
32/47 ratings generated profit
1 Year Average Return
+13.25%
reiterated a buy rating 4 months ago
Copying Simon Leopold's trades and holding each position for 1 Year would result in 68.09% of your transactions generating a profit, with an average return of +13.25% per trade.
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