Lumentum
LITE

$51.83

2.3%

Market Cap: 3.5B

About: Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.

Employees: 7,500

Communication Services Communications Equipment

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 12 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 4 (+2) [Q1 2024]

27% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 94

6.45% more ownership

Funds ownership: 104.7% [Q4 2023] → 111.15% (+6.45%) [Q1 2024]

1% more funds holding

Funds holding: 350 [Q4 2023] → 355 (+5) [Q1 2024]

9% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 55

3% less call options, than puts

Call options by funds: $124M | Put options by funds: $128M

4% less capital invested

Capital invested by funds: $3.68B [Q4 2023] → $3.54B (-$134M) [Q1 2024]

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Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$38

27%

downside

Avg. target

$55

6%

upside

High target

$70

35%

upside

12 analyst ratings

9 positive

75%

2 neutral

17%

1 negative

8%

Susquehanna Christopher Rolland	35%upside $70	Positive Maintained	17 Jul 2024
Needham Alex Henderson	6%upside $55	Buy Maintained	20 May 2024
B. Riley Securities Dave Kang	23%downside $40	Neutral Maintained	7 May 2024
Barclays Tom O'Malley	27%downside $38	Underweight Maintained	7 May 2024
JP Morgan Samik Chatterjee	10%upside $57	Overweight Maintained	11 Apr 2024

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Financial journalist opinion

3 Sorry Nasdaq Stocks to Sell in May While You Still Can

The Nasdaq Composite‘s rally has yet to abate, but there are still Nasdaq stocks to sell. The tech-heavy index has risen over 11% and is likely to edge upwards.

3 Sorry Nasdaq Stocks to Sell in May While You Still Can

Zacks Investment Research

2 Laser Systems Stocks to Watch in a Challenging Industry

The Zacks Laser Systems and Components industry participants like Lumentum Holdings (LITE) and MicroVision (MVIS) gain from solid demand for applications like Generative AI, autonomous driving, IoT, 5G and healthcare amid challenging macroeconomic conditions.

2 Laser Systems Stocks to Watch in a Challenging Industry

Lumentum Announces Upcoming Investor Events

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that company management is currently scheduled to participate in the following investor events: Event: 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference, Boston Date: Monday, May 20, 2024 Webcast Link: https://jpmorgan.metameetings.net/events/tmc24/sessions/51436-lumentum/webcast Presentation Time: 3:10 p.m. Eastern Time Event: 21st Annual Craig-Hallum Institutional Investor C.

Lumentum Announces Upcoming Investor Events

The Motley Fool

Why Lumentum Holdings Stock Got Trounced on Tuesday

The telecoms equipment specialist unveiled its fiscal third-quarter results. On a trailing basis they notched a double beat, but guidance was weak.

Why Lumentum Holdings Stock Got Trounced on Tuesday

Lumentum Holdings Inc. (LITE) Q3 2024 Earnings Call Transcript

Lumentum Holdings Inc. (NASDAQ:LITE ) Q3 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Kathy Ta - Vice President, Investor Relations Alan Lowe - President & Chief Executive Officer Wajid Ali - Executive Vice President & Chief Financial Officer Chris Coldren - Senior Vice President, Chief Strategy & Corporate Development Officer Conference Call Participants Simon Leopold - Raymond James George Notter - Jefferies Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Christopher Rolland - SIG David Vogt - UBS Ananda Baruah - Loop Capital Tom O'Malley - Barclays Karl Ackerman - BNP Paribas Tim Savageaux - Northland Capital Markets Operator Good day, everyone, and welcome to the Lumentum Holdings' Third Quarter Fiscal Year 2024 Earnings Call. All participants will be in a listen-only mode.

Lumentum Holdings Inc. (LITE) Q3 2024 Earnings Call Transcript

Zacks Investment Research

Lumentum (LITE) Q3 Earnings Beat Estimates

Lumentum (LITE) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.75 per share a year ago.

Lumentum (LITE) Q3 Earnings Beat Estimates

Lumentum Announces Fiscal Third Quarter 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. (“Lumentum” or the “Company”) today reported results for its fiscal third quarter ended March 30, 2024. “Lumentum is well-positioned to capitalize on surging cloud data center demand driven by the exponentially increasing requirements of artificial intelligence,” said Alan Lowe, President and CEO. “We are making significant strides in developing new products and customer programs, and expanding production capacity to capitalize on exciti.

Lumentum Announces Fiscal Third Quarter 2024 Financial Results

Zacks Investment Research

Analysts Estimate Lumentum (LITE) to Report a Decline in Earnings: What to Look Out for

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.

Analysts Estimate Lumentum (LITE) to Report a Decline in Earnings: What to Look Out for

Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum"), a market-leading designer and manufacturer of innovative optical and photonic products, today announced that it has received the EcoVadis Platinum Medal for the second consecutive year, representing the highest level of recognition for sustainability performance. Lumentum remains in the top one percent of companies assessed by EcoVadis in the past year, increasing its overall score from 78 to 80 points. In the environmental.

Lumentum Awarded Platinum EcoVadis Medal for Second Consecutive Year

Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal third quarter 2024 financial results on Monday, May 6, 2024, after the market closes. Lumentum will hold a conference call the same day at 2:00 p.m. PT/5:00 p.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com. To participate via telephone: Dial-In: (833) 470-1428 or (404) 975-4839.

Lumentum to Announce Fiscal Third Quarter 2024 Financial Results on May 6, 2024

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