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Lumentum Holdings Inc. (LITE)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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83.17-0.17 (-0.20%)
At close: 4:00PM EST
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  • B
    Brian
    Non GAAP eps was $1.78 last qtr. Guidance for next qtr was $1.70-1.90. I reckon that opens the door for an eps of $8 (circa) for the coming fiscal year. That performance has got to be worth a multiple of at least x15… minimum, reflecting a $120 sp or better, before this fiscal year is out.
    https://seekingalpha.com/article/4391326-lumentum-holdings-remains-optimistic-despite-encountering-headwinds?utm_medium=email&utm_source=seeking_alpha&mail_subject=lite-lumentum-holdings-remains-optimistic-despite-encountering-some-headwinds&utm_campaign=rta-stock-article&utm_content=link-2
    Lumentum posted double-digit YoY gains in net income as a result of big improvements in margins, flat revenue growth notwithstanding.
    Lumentum posted double-digit YoY gains in net income as a result of big improvements in margins, flat revenue growth notwithstanding.
    seekingalpha.com
  • r
    robertl
    looks like insiders have been selling for two weeks https://insider-analysis.com/search_transactions.php?ticker=TABLE_LITE
  • F
    First
    -Trading more than 27% below the analyst average estimate
    -Forward P/E is only 14.95 when the growth rate is estimated 15% per year (next 5 yrs)
    -Fiber optic component industry to grow from $18 billion in 2020 to $28 billion in 2027 (64%+ growth)
    -Covid has set back 5G, but the infrastructure will explode as the demand for 5G increases rapidly next year

    Am I missing something here? If you're not buying T-mobile/QCOM/SWKS infrastructure is the next best play imo and a safe play since it's necessary to make technology work.
  • B
    Brian
    Lumentum (NASDAQ:LITE) has acquired certain technology assets of TriLumina, including its patents and other intellectual property.
    TriLumina technology includes innovative flip-chip, back-emitting VCSEL arrays, 3D sensing, automotive safety and driver assistance systems and LiDAR, and other emerging applications.
    Terms of the transaction were not disclosed.
  • r
    robertl
    What now??? Down over 10% in 10 days on apparently no bad news. The general market is higher in that same period.
  • L
    Libor
    Lumentum should have much higher market cap, $6.5B is a joke. They crank $1.7B in revenues with very respectable growth yet get treated like a red headed step child. $MRVL just bought $IPHI for $10B with 500M annual revenues, not even close to Lumentum’s scale. Lumentum should be a $200 stock
  • A
    Adrienne
    expected pattern unfortunately. Minus anotherickdown or recession I still see higher lows and higher highs. One day we'll see tripple digits and not look back.
  • B
    Brian
    11/6/2020
    MKM Partners
    Boost Price Target
    Buy
    $102.00 ➝ $120.00
  • M
    Michael
    I posted this two weeks ago...

    We already know that the stock price has little to do with the actual numbers and guidance for the last couple of years. We're also in a market that hasn't acted "right". So it's nothing more than a coin flip as to what LITE's price action will be. If they beat and guide higher that's still no guarantee of anything. I've had this happen to me many times with LITE. Great earnings and guidance and then some negative analyst comment about IPhone forecasts, or China trade deals, or IIVI ramping up production in Texas.
  • r
    robertl
    Any negative news today?
  • W
    William
    Getting ready to buy some more. GLA
    Bullish
  • H
    HM-A
    If it closes above the $83 opening tick following a draw down it’ll be off to the races.
  • K
    Kenneth
    Lite exceeds sales and revenue estimates for Q1. Margins increase! Outlook very positive!
  • c
    charles
    Back to normal with LITE. Run it up mid-morning, blow it out in the afternoon. A day traders dream.
  • M
    Michael
    Regardless of any news about vaccines, elections, stimulus, etc. the overall market action is as crazy as I've ever seen. It's like the tech bubble on steroids. Any position whether long, short, or whatever is enough to create a very high amount of stress and anxiety knowing that you could get the elevator ride in the opposite direction at any moment.
  • M
    Michael
    An individual stock price's action always has to be interpreted in the context of the overall market. The overall market is acting about as strange as I've ever seen in the 20 years I've been following it. It makes any individual stock price movement difficult to interpret.
  • t
    tony
    Appl says it’s iphone production is supply constrained - should bode well for lite - all we need is a meaningful number from the android market 🤞
  • A
    Adrienne
    Not wanting to bring politics into this but we're up due to best case scenario. A President that will support/be easier on China. GOP Senate that will still keep things in check (taxes) Not saying I agree, but we should thrive for a bit in this setting.
  • M
    Michael
    One thing worth doing is running a comparison chart between LITE and IIVI over the past month or whatever time period you like to look at. It does provide an interesting perspective.
  • A
    Adrienne
    Well we're at the mid 80s I thought would happen b4 earnings. Now what? So we didn't warn, that great!!! Do we have a good enough beat to keep momentum going? Guide higher/lower? Tough place. I trimmed shares I bought in the low to mid 70s. During this recent drop. Still hold a substantial core position.