In the preceding three months, 9 analysts have released ratings for Lumentum Holdings LITE, presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 1 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 4 | 1 | 0 | 0 |
Analysts have set 12-month price targets for Lumentum Holdings, revealing an average target of $51.17, a high estimate of $62.00, and a low estimate of $45.00. A decline of 0.87% from the prior average price target is evident in the current average.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive Lumentum Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Tom O'Malley | Barclays | Raises | Underweight | $45.00 | $40.00 |
| Ruben Roy | Stifel | Raises | Buy | $62.00 | $55.00 |
| Alex Henderson | Needham | Maintains | Buy | $50.00 | - |
| Christopher Rolland | Susquehanna | Raises | Positive | $55.00 | $45.00 |
| Simon Leopold | Raymond James | Raises | Outperform | $54.00 | $49.50 |
| Mike Genovese | Rosenblatt | Lowers | Buy | $55.00 | $62.00 |
| Simon Leopold | Raymond James | Lowers | Outperform | $49.50 | $51.50 |
| Meta Marshall | Morgan Stanley | Lowers | Equal-Weight | $45.00 | $55.00 |
| Christopher Rolland | Susquehanna | Lowers | Positive | $45.00 | $55.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Lumentum Holdings. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lumentum Holdings compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Lumentum Holdings's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Lumentum Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Lumentum Holdings analyst ratings.
Unveiling the Story Behind Lumentum Holdings
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.
Key Indicators: Lumentum Holdings's Financial Health
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Lumentum Holdings's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -37.33%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Lumentum Holdings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -21.38%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Lumentum Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -5.09%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Lumentum Holdings's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.48%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Lumentum Holdings's debt-to-equity ratio stands notably higher than the industry average, reaching 2.19. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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