News coverage about Lumentum Holdings (NASDAQ:LITE) has trended somewhat positive on Thursday, AlphaOne reports. AlphaOne, a service of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lumentum Holdings earned a news sentiment score of 0.08 on AlphaOne’s scale. AlphaOne also gave news headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Alpha One’s rankings:
- Applied Opto Targets Zoom, Finisar, Lumentum Et Al. Higher (finance.yahoo.com)
- Lumentum Holdings, Inc. – Value Analysis (NASDAQ:LITE) : April 12, 2017 (finance.yahoo.com)
- Buy/Sell Signals for Magna International Inc. (MGA) and Lumentum Holdings Inc. (LITE) – USA Commerce Daily (usacommercedaily.com)
- Featured Stock to Focus: Lumentum Holdings Inc. (LITE) – HugoPress (hugopress.com)
- Today’s Analyst Moves: Penn National Gaming, Inc. (PENN), Lumentum Holdings Inc. (LITE) – USA Commerce Daily (usacommercedaily.com)
Several research firms have commented on LITE. Morgan Stanley lifted their price target on shares of Lumentum Holdings from $34.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 22nd. B. Riley reissued a “buy” rating on shares of Lumentum Holdings in a research note on Thursday, January 5th. Zacks Investment Research raised shares of Lumentum Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, December 28th. MKM Partners reissued a “buy” rating on shares of Lumentum Holdings in a research note on Thursday, December 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $57.50 price target (up from $45.00) on shares of Lumentum Holdings in a research note on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $47.54.
Shares of Lumentum Holdings (NASDAQ:LITE) traded down 0.34% on Thursday, hitting $44.10. 1,525,876 shares of the stock traded hands. The firm has a 50 day moving average price of $48.59 and a 200 day moving average price of $42.28. Lumentum Holdings has a 52-week low of $20.80 and a 52-week high of $55.92. The firm has a market cap of $2.67 billion, a PE ratio of 185.29 and a beta of 0.73.
Lumentum Holdings (NASDAQ:LITE) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.06. Lumentum Holdings had a return on equity of 17.24% and a net margin of 1.50%. The business earned $265 million during the quarter, compared to the consensus estimate of $265.66 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities analysts forecast that Lumentum Holdings will post $2.12 EPS for the current year.
In other Lumentum Holdings news, COO Vincent Retort sold 809 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $52.10, for a total value of $42,148.90. Following the completion of the transaction, the chief operating officer now directly owns 66,444 shares in the company, valued at approximately $3,461,732.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alan S. Lowe sold 5,221 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $36.05, for a total value of $188,217.05. Following the completion of the transaction, the chief executive officer now owns 140,656 shares of the company’s stock, valued at $5,070,648.80. The disclosure for this sale can be found here. Insiders sold a total of 43,220 shares of company stock valued at $2,047,987 over the last 90 days. 0.76% of the stock is currently owned by corporate insiders.
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About Lumentum Holdings
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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