A number of firms have modified their ratings and price targets on shares of Lumentum Holdings (NASDAQ: LITE) recently:

  • 9/14/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $81.00 price target on the stock.
  • 9/14/2017 – Lumentum Holdings had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $68.00 price target on the stock.
  • 9/7/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $73.00 price target on the stock.
  • 9/6/2017 – Lumentum Holdings had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $80.00 price target on the stock.
  • 8/26/2017 – Lumentum Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/19/2017 – Lumentum Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/15/2017 – Lumentum Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. “
  • 8/13/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $81.00 price target on the stock.
  • 8/10/2017 – Lumentum Holdings had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $80.00 price target on the stock.
  • 8/10/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $83.00 price target on the stock, up previously from $77.00.
  • 8/10/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $72.00 price target on the stock, up previously from $63.00.
  • 8/10/2017 – Lumentum Holdings had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $68.00 price target on the stock.
  • 8/10/2017 – Lumentum Holdings had its price target raised by analysts at Barclays PLC from $50.00 to $59.00. They now have an “equal weight” rating on the stock.
  • 8/9/2017 – Lumentum Holdings was given a new $70.00 price target on by analysts at Rosenblatt Securities. They now have a “buy” rating on the stock.
  • 8/9/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $75.00 price target on the stock.
  • 8/9/2017 – Lumentum Holdings had its price target raised by analysts at UBS AG from $66.00 to $70.00.
  • 8/8/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $81.00 price target on the stock.
  • 8/3/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $77.00 price target on the stock.
  • 7/31/2017 – Lumentum Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/22/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $73.00 price target on the stock.

Shares of Lumentum Holdings Inc. (LITE) traded down 2.98% on Thursday, hitting $57.05. The company’s stock had a trading volume of 1,524,489 shares. Lumentum Holdings Inc. has a 52 week low of $32.90 and a 52 week high of $60.00. The stock’s 50-day moving average price is $57.88 and its 200-day moving average price is $49.78. The firm’s market cap is $3.51 billion.

Lumentum Holdings (NASDAQ:LITE) last released its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. The business had revenue of $222.70 million during the quarter, compared to analyst estimates of $229.45 million. Lumentum Holdings had a positive return on equity of 18.12% and a negative net margin of 10.25%. Lumentum Holdings’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. Equities analysts expect that Lumentum Holdings Inc. will post $3.02 earnings per share for the current fiscal year.

In other Lumentum Holdings news, Director Penny Herscher sold 1,313 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $53.04, for a total transaction of $69,641.52. Following the transaction, the director now owns 26,464 shares in the company, valued at approximately $1,403,650.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Vincent Retort sold 14,875 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $51.59, for a total value of $767,401.25. Following the transaction, the chief operating officer now owns 92,694 shares in the company, valued at approximately $4,782,083.46. The disclosure for this sale can be found here. Insiders have sold a total of 52,199 shares of company stock valued at $2,692,047 in the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Lumentum Holdings Inc is a 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 Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

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