LITE - Lumentum Holdings Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
55.82
-2.90 (-4.94%)
At close: 4:00PM EDT
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Previous Close58.72
Open58.49
Bid49.50 x 800
Ask61.50 x 27000
Day's Range54.91 - 58.49
52 Week Range37.00 - 69.95
Volume1,759,999
Avg. Volume1,510,150
Market Cap4.279B
Beta (3Y Monthly)1.69
PE Ratio (TTM)N/A
EPS (TTM)-0.54
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est71.55
Trade prices are not sourced from all markets
  • GuruFocus.com

    Lumentum Holdings Inc (LITE) EVP, Global Sales Jason Reinhardt Sold $1.5 million of Shares

    EVP, Global Sales of Lumentum Holdings Inc (30-Year Financial, Insider Trades) Jason Reinhardt (insider trades) sold 25,000 shares of LITE on 08/22/2019 at an average price of $59.56 a share. Continue reading...

  • Apple, Silicon Valley chip stocks hammered after Trump's 'shot across the bow'
    American City Business Journals

    Apple, Silicon Valley chip stocks hammered after Trump's 'shot across the bow'

    Shares of Apple and Silicon Valley's semiconductor companies were pummeled on Friday as President Trump responded to new tariffs from China with a tweet saying he's demanding that American companies "immediately start looking for an alternative to China."

  • 12 Tech Stocks That Wall Street Loves the Most
    Kiplinger

    12 Tech Stocks That Wall Street Loves the Most

    Markets have been so volatile this summer on U.S.-China trade tensions that investors might not have noticed: Tech stocks are absolutely red-hot in 2019.Indeed, the technology sector of Standard & Poor's 500-stock index is leading the broader market by a mile this year, with a year-to-date gain of 29% through Aug. 21. By comparison, the S&P; 500 is up about 17%, while the tech-heavy Nasdaq Composite Index has risen 21%. (The second-best performing sector is real estate, up 25%.)Stellar gains are always welcome, but they do pose a challenge for investors. After such a big run-up, is there anything left worth buying at current levels?Analyst sure think so. Between momentum and the sector's outsize growth prospects, plenty of tech stocks have nowhere near topped out, they say.To see which picks analysts like best at this point, we screened the Nasdaq Composite for the top-rated small, midsize and large tech stocks. S&P; Global Market Intelligence surveys analysts' ratings on stocks and scores them on a five-point scale, where 1.0 equals Strong Buy and 5.0 means Strong Sell. Any score of 2.0 or lower means that analysts, on average, rate the stock a Buy. The closer the score gets to 1.0, the better.Here are the 12 tech stocks the analysts love right now. This group is broken down into the four best-rated stock picks in the small-, mid- and large-cap spaces. SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In

  • PR Newswire

    Lumentum to Participate in Upcoming Investor Conferences

    MILPITAS, Calif. , Aug. 20, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today announced that management is scheduled to participate in the following investor conferences: Event:               ...

  • GuruFocus.com

    Lumentum Holdings Inc (LITE) CEO Alan S Lowe Sold $645,339 of Shares

    CEO of Lumentum Holdings Inc (30-Year Financial, Insider Trades) Alan S Lowe (insider trades) sold 10,779 shares of LITE on 08/19/2019 at an average price of $59.87 a share. Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of LITE earnings conference call or presentation 8-Aug-19 12:30pm GMT

    Q4 2019 Lumentum Holdings Inc Earnings Call

  • Lumentum (LITE) Q4 Earnings Top Estimates, Revenues Rise Y/Y
    Zacks

    Lumentum (LITE) Q4 Earnings Top Estimates, Revenues Rise Y/Y

    Lumentum Holdings' (LITE) fourth-quarter fiscal 2019 results benefit from strength in telecom, Datacom revenues, partially offset by decline in sales to Huawei.

  • Lumentum Holdings (LITE) Q4 2019 Earnings Call Transcript
    Motley Fool

    Lumentum Holdings (LITE) Q4 2019 Earnings Call Transcript

    LITE earnings call for the period ending June 30, 2019.

  • Lumentum Earnings, Guidance Top Estimates Amid Huawei Technology Ban
    Investor's Business Daily

    Lumentum Earnings, Guidance Top Estimates Amid Huawei Technology Ban

    Lumentum fiscal fourth-quarter earnings and revenue beat analyst estimates, while guidance topped Wall Street targets, the company said Thursday. Lumentum stock moved above a buy point.

  • Benzinga

    Lumentum Trades Higher On Q4 Earnings

    Lumentum Holdings (NASDAQ: LITE ) shares are trading higher after the company reported better-than-expected fourth-quarter earnings and sales results . The company also issued first-quarter EPS guidance ...

  • MarketWatch

    Lumentum's stock jumps after profit and revenue beats, upbeat guidance

    Shares of Lumentum Holdings Inc. soared shot up 6.7% in premarket trading Thursday, after the optical equipment and Apple Inc. supplier reported fiscal fourth-quarter profit and revenue that beat expectations, and provided an upbeat full-year earnings outlook. For the quarter to June 29, the company swung to a net loss of $25.8 million, or 34 cents a share, from net income of $25.7 million, or 40 cents a share, in the year-ago period. Excluding non-recurring items, such as the impact of the Oclaro acquisition and other restructuring charges, adjusted EPS slipped to 92 cents from 95 cents, but topped the FactSet consensus of 72 cents. Revenue rose 34% to $404.6 million, above the FactSet consensus of $383.5 million, as optical communications revenue rose 45.7% to $356.8 million and lasers revenue fell 14.9% to $47.8 million. For the fiscal first quarter, Lumentum expects adjusted EPS of $1.12 to $1.26, which is above the FactSet consensus of $1.11, and revenue of $435 million to $455 million, which surrounds expectations of $439.8 million. The stock has lost 8.3% over the past three months, while the SPDR Technology Select Sector ETF has gained 1.4% and the S&P 500 has edged up 0.2%.

  • PR Newswire

    Lumentum Announces Fiscal Fourth Quarter And Full Year 2019 Results

    Achieved record Net revenue of $1.57 billion for fiscal year 2019, up 25% relative to the prior year Fiscal Fourth Quarter Highlights: - Net revenue of $404.6 million - GAAP operating loss of (3.4)%; Non-GAAP ...

  • TheStreet.com

    Apple Supplier Lumentum Jumps on Earnings Beat

    The company, which supplies Apple with optical equipment, expects fiscal first-quarter earnings to beat analysts' forecasts.

  • Lumentum (LITE) to Report Q4 Earnings: What's in Store?
    Zacks

    Lumentum (LITE) to Report Q4 Earnings: What's in Store?

    Lumentum Holdings' (LITE) fourth-quarter fiscal 2019 results likely to be hurt by U.S. ban on Huawei.

  • PR Newswire

    Lumentum Reports Passing of Board Chairman Martin A. Kaplan

    MILPITAS, Calif. , Aug. 7, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") today shares with great sadness the recent passing of the Chairman of Lumentum's Board of Directors, Martin ...

  • Lumentum (LITE) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
    Zacks

    Lumentum (LITE) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

    Lumentum (LITE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Does Lumentum Holdings (NASDAQ:LITE) Have A Healthy Balance Sheet?
    Simply Wall St.

    Does Lumentum Holdings (NASDAQ:LITE) Have A Healthy Balance Sheet?

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

  • PR Newswire

    Lumentum To Announce Fourth Quarter and Fiscal Year 2019 Financial Results on August 8, 2019

    MILPITAS, Calif. , July 23, 2019 /PRNewswire/ -- Lumentum Holdings Inc. ("Lumentum") will announce its fourth quarter and fiscal year 2019 financial results for the period ended June 30, 2019 ...

  • A $4.2 Billion Bid to Crash a Private Equity Party Fails
    Bloomberg

    A $4.2 Billion Bid to Crash a Private Equity Party Fails

    (Bloomberg Opinion) -- Just what is AMS AG up to?On Monday, the supplier to Apple Inc. made a short-lived, 3.7 billion-euro ($4.2 billion) effort to snatch Osram Licht AG from private equity firms Bain Capital and Carlyle Group LP, which had sewn up a lower-priced takeover of the German lighting-maker earlier this month.The abortive effort will underscore investor concerns about the company’s strategy under Chief Executive Officer Alexander Everke. The former NXP Semiconductors NV executive has spent billions of dollars trying to position AMS to capitalize on demand for new sensing technology used in the iPhone’s Face ID recognition system. But after his three years at the helm, the stock is trailing peers Finisar Corp. and Lumentum Holdings Inc.The flirtation with Osram was short and not particularly sweet. At 5:52 p.m. in London, Bloomberg News reported that AMS had made an offer for the Munich-based firm, some 11 days after Osram’s board accepted the private equity firms’ 3.4 billion-euro bid. Within 15 minutes, the target released a statement confirming it had received a non-binding offer from AMS. The company dismissed “the probability of this transaction materializing as rather low.” By midnight, AMS declared it was ending the takeover talks.Maybe the approach was an attempt to get a closer look at Osram’s books, or its 3-D sensing technology. If it was, then full credit to the lighting giant for calling Everke’s bluff, since financing for AMS’s bid wasn’t yet fully in place. While Osram said it would let the bidder perform due diligence, it was quick to emphasize that it could only do so under strict conditions.If it was a serious bid, then AMS shareholders have every right to feel bewildered. The target largely operates in the slowing automotive market, so would have hardly offset stagnating smartphone sales. Concern that the company may be more open to outsized and strategically questionable dealmaking than investors assumed helped to push the stock down by as much as 4.6% on Tuesday morning.Everke would have been asking for a lot of faith from investors to finance the deal. The company was planning to sell new stock – but would still have been left with net debt equivalent to about 27 times this year’s predicted free cash flow. This would have tried investor patience, which has already been sorely tested. AMS has spent $2 billion over three years buying companies and expanding production capacity to secure a dominant position supplying components for 3-D scanners in the latest generation of iPhones, only for sales of the handsets to promptly slow. AMS shares are 66% below their 2018 peak.In 2017, Everke predicted 2019 sales would exceed $2.7 billion, with an Ebit margin of at least 30%. After scrapping its dividend and year-ahead guidance figures in May, analysts now expect the company to report a 10% Ebit margin on sales of just $1.9 billion. Communication from management has been particularly poor, according to Hauck & Aufhaeuser Privatbank analyst Robin Brass.Everke’s short-lived move on Osram looks like a shot in the dark. If his big bet on smartphones isn’t paying off, he needs to shed some light on what his new strategy is.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Is Lumentum Holdings Inc. (NASDAQ:LITE) A Financially Sound Company?
    Simply Wall St.

    Is Lumentum Holdings Inc. (NASDAQ:LITE) A Financially Sound Company?

    Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Lumentum Holdings Inc...

  • MarketWatch

    Optical networking stocks surge after Cisco's deal to buy Acacia

    Optical networking products company stocks surged in premarket trading Tuesday, as Cisco Systems Inc.'s deal to Acacia Communications Inc. for a hefty premium provided a boost. Shares of NeoPhotonics Corp. jumped 7.0% ahead of the open, Applied Optoelectronics Inc. rallied 8.9%, Lumentum Holdings Inc. climbed 3.9%, II-VI Inc. advanced 3.3% and Finisar Corp. hiked up 2.9%. The gains bucked weakness in technology sector and the broader stock market, as futures for the technology-heavy Nasdaq 100 fell 0.3% and futures for the S&P 500 declined 0.3%. Acacia's stock rocketed 37% in premarket trading, while Cisco shares fell 1.3%.

  • Why Lumentum Holdings Stock Climbed 32% in June
    Motley Fool

    Why Lumentum Holdings Stock Climbed 32% in June

    Progress toward a trade deal bodes well for the optical equipment maker.

  • After early Huawei-related rally, dark cloud of reality rains on this stock
    MarketWatch

    After early Huawei-related rally, dark cloud of reality rains on this stock

    NeoPhotonics Corp. led optical-networking stocks higher on Monday, though the shares gave back more than half of their gains in the session.

  • 9 Augmented Reality Stocks to Buy
    InvestorPlace

    9 Augmented Reality Stocks to Buy

    [Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Augmented reality is quietly growing quickly. According to a report released last year, AR was worth $350 million in 2018, and its value is expected to surge at a compound annual growth rate of around 150% from 2019-2024. Among the areas in which AR is expected to be used in the near-future are social media, mobile devices, virtual conference calls, and automotive devices. * The 7 Top Small-Cap Stocks Of 2019 Here's a run-down of nine names investors will want to keep an eye on as the harbingers of the (fruitful and rapidly approaching) AR era.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AR Stocks to Buy: Vuzix Corp (VUZI)Although the project was actively pursued by Alphabet Inc (NASDAQ:GOOGL) afterwards, the first go-around for Google Glass was pretty much a flop. The idea of projecting information onto glass a user/wearer is looking through, however, never really went away. It just has far more application as an industrial or commercial tool than it does for a consumer.Enter Vuzix Corp (NASDAQ:VUZI). You may know it as the company that developed an apparatus that helps blind people get around better. But products lite its M300 and Blade smart glasses were "built for enterprise." The company has quietly made a compelling case for using them as a means of getting more done in the workplace at a reasonable price… for a corporation. AR Stocks to Buy: QUALCOMM, Inc. (QCOM)Yes, it's best known as a telecom and semiconductor play and not often lumped in with a list of AR stocks. But, QUALCOMM, Inc. (NASDAQ:QCOM) is very well-positioned to capitalize on the mainstreaming of augmented reality.It's gone relatively unrealized (or at least unappreciated), but AR requires the delivery of massive amounts of data, and it requires plenty of computing power to deliver that information in real-time. AR glasses and goggles also burn through batteries relatively quickly. * The 7 Top Small-Cap Stocks Of 2019 QUALCOMM as addressing all three needs, announcing in 2018 that it would be developing a chipset specifically for AR and VR applications. This turn-key solution will make it easier for other developers to bring new glasses to the marketplace. AR Stocks to Buy: Lumentum Holdings Inc (LITE)If the name Lumentum Holdings Inc (NASDAQ:LITE) rings a bell, there's a reason. It's a stock that was thrust into the spotlight in the latter part of 2017 when Apple CEO Tim Cook began talking up augmented reality's prospects.Though he didn't explicitly say at the time how (or even if) Apple would aim at the AR market, nor did he mention Lumentum by name, the potentially-bullish connection makes a lot of sense. Lumentum makes the kind of 3D sensor lasers that can turn a smartphone into something of a radar -- an important piece of the augmented reality movement. AR Stocks to Buy: Apple Inc. (AAPL)Speaking of Apple Inc. (NASDAQ:AAPL), it, too, is a name to keep in mind if you believe augmented reality is a serious opportunity.Yes, its smartphones are powerful computers that seem to become more powerful with each iteration. That's not why the company is such an interesting AR prospect though. Rather, Apple is reportedly developing its own augmented reality headset, a la Google Glass. * The 7 Top Small-Cap Stocks Of 2019 The device likely wouldn't launch until 2021, according to Loup Ventures' Gene Munster. But the market rewards potential about as much as it does real results, so it's something that could begin to positively impact the stocks soon and continue as the presumed launch date nears. AR Stocks to Buy: Immersion Corporation (IMMR)Immersion Corporation (NASDAQ:IMMR) has earned a spot on a list of noteworthy AR stocks to watch with its TouchSense(r) Force technology that makes displays screens a tactile, haptic experience. It's been particularly impressive in the VR gaming world, but the possibilities are just now starting to be realized in full. AR Stocks to Buy: Axon Enterprise Inc (AAXN)Axon Enterprise Inc (NASDAQ:AAXN) isn't an augmented reality play… yet. But, it appears it soon will be. In 2018, the maker of TASERs and body-worn cameras suggested AR and VR would be its next frontier.It's not entirely clear what this might mean. But, given the nature of its target markets -- law enforcement and military personnel -- it's reasonably safe to assume the company is mulling ways to better protect and equip people that wear a uniform -- and a gun -- to work. * 9 Best Stocks to Buy on U.S.-China Trade Optimism A marketable product is still years away, but like any other company, the market is likely to reward progress en route to results. AR Stocks to Buy: Microsoft Corporation (MSFT)Don't get the wrong idea. Productivity software, the cloud and operating systems are still the company's break and butter, and will be for a long, long time. Microsoft Corporation (NASDAQ:MSFT) is wading into augmented reality waters, though, quickly enough that it just might make a modest impact on the stock's value.How so? The HoloLens. It's arguably the most market-ready, and marketable, AR/VR headset available today, even if interest has been tepid thus far.In May 2018, the software giant demonstrated two practical apps that make good use of the hardware: Layou, and Remote Assist. Layout allows for structural designing beyond mere blueprints, while Remote Assist shares what you see with people who aren't on-site.It may be just the 'aha' app that convinces companies they can't live without the HoloLens. AR Stocks to Buy Microvision, Inc. (MVIS)For the record, Microvision, Inc. (NASDAQ:MVIS) and Microsoft are two different companies. The aforementioned Microsoft is the maker of the HoloLens, which may be on the verge of becoming a must-have. Microvision's role in the augmented reality movement, however, it a little bit different. It's the maker of laser (and the supporting technologies) that can project images and data into glass.The most practical and tangible use of its PicoP(r) technology is the projection of the information normally found on a car's dashboard up to the windshield, allowing a driver to keep his or her eyes on the road. It's the same basic concept being used by Google Glass, Microsoft's HoloLens and the like though -- melding the benefits of a transparent material with valuable information overlaid. AR Stocks to Buy: NVIDIA Corporation (NVDA)Last but not least, it may be a tad obvious, but add NVIDIA Corporation (NASDAQ:NVDA) to your list of AR stocks to keep tabs on.NVIDIA has already proven itself capable of handling the big visual data loads associated with virtual reality; making augmented reality even better is proving relatively easily by comparison.One area it's making that happen is on the automotive front. Like Microvision, NVIDIA is working on improving the driving experience by melding AR with artificial intelligence. That's only a taste of what's to come though. While other companies are still perfecting their first-generation augmented reality hardware, NVIDIA is already thinking about the next generation of AR technologies. Two improvements on NVIDIA's radar are varifocal displays, which improve clarity of an object for a user, and the integration of tactile/haptic information with visually-augmented reality.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential Compare Brokers The post 9 Augmented Reality Stocks to Buy appeared first on InvestorPlace.

  • Is Lumentum Holdings Inc. (NASDAQ:LITE) Potentially Undervalued?
    Simply Wall St.

    Is Lumentum Holdings Inc. (NASDAQ:LITE) Potentially Undervalued?

    Lumentum Holdings Inc. (NASDAQ:LITE), which is in the communications business, and is based in United States, received...