Stock of The Day: Lumentum Holdings Inc Just Recorded A Sigfniciant Increase

Stock of The Day: Lumentum Holdings Inc Just Recorded A Sigfniciant Increase

The stock of Lumentum Holdings Inc (NASDAQ:LITE) is a huge mover today! About 603,636 shares traded hands. Lumentum Holdings Inc (NASDAQ:LITE) has risen 31.10% since April 5, 2016 and is uptrending. It has outperformed by 29.14% the S&P500.
The move comes after 7 months positive chart setup for the $2.34B company. It was reported on Nov, 7 by We have $44.83 PT which if reached, will make NASDAQ:LITE worth $538.20 million more.

Analysts await Lumentum Holdings Inc (NASDAQ:LITE) to report earnings on November, 8. They expect $0.36 EPS, up 140.00% or $0.21 from last year’s $0.15 per share. LITE’s profit will be $23.11M for 25.31 P/E if the $0.36 EPS becomes a reality. After $0.35 actual EPS reported by Lumentum Holdings Inc for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Lumentum Holdings Inc (NASDAQ:LITE) Ratings Coverage

Out of 14 analysts covering Lumentum (NASDAQ:LITE), 6 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 43% are positive. Lumentum has been the topic of 33 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Jefferies on Tuesday, August 4. Northland Capital initiated Lumentum Holdings Inc (NASDAQ:LITE) rating on Tuesday, August 18. Northland Capital has “Outperform” rating and $27.50 price target. The firm earned “Hold” rating on Wednesday, November 11 by Jefferies. The company was initiated on Thursday, August 13 by Morgan Stanley. The firm has “Buy” rating by M Partners given on Wednesday, July 20. The stock has “Outperform” rating given by RBC Capital Markets on Monday, August 10. The rating was initiated by Piper Jaffray on Tuesday, February 23 with “Overweight”. M Partners maintained Lumentum Holdings Inc (NASDAQ:LITE) on Tuesday, January 12 with “Buy” rating. The company was initiated on Tuesday, August 4 by Needham. The company was downgraded on Wednesday, September 9 by RBC Capital Markets.

According to Zacks Investment Research, “Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products. The Company’s operating segment consists of Optical Communications and Commercial Lasers. Optical Communications segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems and traditional as well as cloud/data center service providers. Commercial Lasers segment products serve its customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing and precision machining. Lumentum Holdings Inc. is headquartered in Milpitas, California.”

More important recent Lumentum Holdings Inc (NASDAQ:LITE) news were published by: which released: “Why Lumentum Holdings Inc. Stock Dropped Today” on November 01, 2016, also published article titled: “Spin-Off In The Spotlight: Lumentum Holdings Inc.”, published: “Lumentum Holdings Inc (LITE) CEO and President Alan S Lowe Sold $5.9 million …” on August 25, 2016. More interesting news about Lumentum Holdings Inc (NASDAQ:LITE) was released by: and their article: “Lumentum Holdings is Now Oversold (LITE)” with publication date: October 31, 2016.

LITE Company Profile

Lumentum Holdings Inc., incorporated on February 10, 2015, is a well-known provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Firm operates in two divisions: Optical Communications (OpComms) and Commercial Lasers (Lasers). The Company’s clients include original equipment manufacturers (OEMs).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment