Several brokerages have updated their recommendations and price targets on shares of Lumentum Holdings (NASDAQ: LITE) in the last few weeks:

  • 10/11/2017 – Lumentum Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. 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. “
  • 10/9/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $68.00 price target on the stock.
  • 10/6/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $75.00 price target on the stock.
  • 10/4/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $75.00 price target on the stock, up previously from $70.00.
  • 9/27/2017 – Lumentum Holdings was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating. They now have a $66.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/21/2017 – Lumentum Holdings had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $70.00 price target on the stock.
  • 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.

Lumentum Holdings Inc. (NASDAQ LITE) opened at 58.00 on Thursday. The company’s market capitalization is $3.57 billion. The firm has a 50-day moving average of $56.35 and a 200 day moving average of $56.35. Lumentum Holdings Inc. has a 12-month low of $32.90 and a 12-month high of $68.63.

Lumentum Holdings (NASDAQ:LITE) last released its earnings results on Wednesday, August 9th. The technology company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.18. The firm had revenue of $222.70 million for the quarter, compared to analysts’ expectations of $229.45 million. Lumentum Holdings had a negative net margin of 10.25% and a positive return on equity of 18.12%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. Analysts forecast that Lumentum Holdings Inc. will post $3.08 EPS for the current fiscal year.

In other Lumentum Holdings news, Director Penny Herscher sold 1,313 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $53.04, for a total value of $69,641.52. Following the transaction, the director now directly owns 26,464 shares in the company, valued at $1,403,650.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Alan S. Lowe sold 4,364 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $54.59, for a total transaction of $238,230.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,269 shares of company stock worth $4,602,526. Corporate insiders own 0.76% of the company’s stock.

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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