Lumentum Holdings Stock Today
| LITE Stock | USD 86.97 3.20 3.82% |
Performance19 of 100
| Odds Of DistressLess than 21
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Lumentum Holdings is trading at 86.97 as of the 2nd of December 2024, a 3.82 percent increase since the beginning of the trading day. The stock's lowest day price was 83.91. Lumentum Holdings has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Note, on December 3, 2021, Senator Thomas R Carper of US Senate acquired under $15k worth of Lumentum Holdings's common stock.
Business Domain Technology Hardware & Equipment | IPO Date 4th of August 2015 | Category Technology | Classification Information Technology |
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California. Lumentum Holdings operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. The company has 68.7 M outstanding shares of which 10.6 M shares are now shorted by private and institutional investors with about 5.39 trading days to cover. More on Lumentum Holdings
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Moving against Lumentum Stock
Follow Valuation Options Odds of Bankruptcy
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Lumentum Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO and President and Director | Alan Lowe | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Communications Equipment, Technology Hardware & Equipment, Information Technology, NASDAQ Composite, SP Midcap 400, NASDAQ Composite Total, Information Technology, Communications Equipment, Communication Equipment, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsLumentum Holdings can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Lumentum Holdings' financial leverage. It provides some insight into what part of Lumentum Holdings' total assets is financed by creditors.
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Lumentum Holdings (LITE) is traded on NASDAQ Exchange in USA. It is located in 1001 Ridder Park Drive, San Jose, CA, United States, 95131 and employs 7,257 people. Lumentum Holdings is listed under Communications Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.97 B. Lumentum Holdings conducts business under Communications Equipment sector and is part of Information Technology industry. The entity has 68.7 M outstanding shares of which 10.6 M shares are now shorted by private and institutional investors with about 5.39 trading days to cover.
Lumentum Holdings currently holds about 2.55 B in cash with 24.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 37.43.
Check Lumentum Holdings Probability Of Bankruptcy
Ownership AllocationThe majority of Lumentum Holdings outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Lumentum Holdings to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Lumentum Holdings. Please pay attention to any change in the institutional holdings of Lumentum Holdings as this could imply that something significant has changed or is about to change at the company. On December 3, 2021, Senator Thomas R Carper of US Senate acquired under $15k worth of Lumentum Holdings's common stock.
Check Lumentum Ownership Details
Lumentum Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.2 M | |
| Geode Capital Management, Llc | 2024-09-30 | 1.2 M | |
| Van Lanschot Kempen Investment Management Nv | 2024-09-30 | 1.2 M | |
| Barrow Hanley Mewhinney & Strauss Llc | 2024-09-30 | 1.1 M | |
| Bank Of America Corp | 2024-06-30 | 999.9 K | |
| Millennium Management Llc | 2024-09-30 | 922.3 K | |
| Bank Of New York Mellon Corp | 2024-09-30 | 910.6 K | |
| Sam Sustainable Asset Management Ltd | 2024-09-30 | 843 K | |
| Two Sigma Investments Llc | 2024-09-30 | 789.3 K | |
| Fmr Inc | 2024-09-30 | 9.9 M | |
| Vanguard Group Inc | 2024-09-30 | 7.4 M |
Lumentum Holdings Historical Income Statement
Lumentum Stock Against Markets
Lumentum Holdings Corporate Management
| Jae Esq | General VP | Profile | |
| Misha Rozenberg | Executive Officer | Profile | |
| Andrea Milani | VP Sales | Profile | |
| Matthew Sepe | Chief Accounting Officer | Profile | |
| Ralph Loura | VP Officer | Profile | |
| Caroline Pan | Senior Officer | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lumentum Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade Lumentum Stock refer to our How to Trade Lumentum Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Communications Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lumentum Holdings. If investors know Lumentum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lumentum Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.711 | Earnings Share (8.31) | Revenue Per Share 20.362 | Quarterly Revenue Growth 0.061 | Return On Assets (0.05) |
The market value of Lumentum Holdings is measured differently than its book value, which is the value of Lumentum that is recorded on the company's balance sheet. Investors also form their own opinion of Lumentum Holdings' value that differs from its market value or its book value, called intrinsic value, which is Lumentum Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lumentum Holdings' market value can be influenced by many factors that don't directly affect Lumentum Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Lumentum Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Lumentum Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lumentum Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.