Across the recent three months, 12 analysts have shared their insights on Lumentum Holdings LITE, expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 3 | 2 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 4 | 1 | 3 | 2 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $60.67, a high estimate of $80.00, and a low estimate of $40.00. Marking an increase of 13.23%, the current average surpasses the previous average price target of $53.58.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Lumentum Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Christopher Rolland | Susquehanna | Raises | Positive | $80.00 | $70.00 |
| Simon Leopold | Raymond James | Raises | Outperform | $70.00 | $55.00 |
| Tim Savageaux | Northland Capital Markets | Raises | Market Perform | $45.00 | $40.00 |
| Vivek Arya | B of A Securities | Raises | Underperform | $50.00 | $45.00 |
| George Notter | Jefferies | Raises | Buy | $65.00 | $53.00 |
| Richard Shannon | Craig-Hallum | Raises | Buy | $70.00 | $65.00 |
| Meta Marshall | Morgan Stanley | Raises | Equal-Weight | $54.00 | $50.00 |
| Tom O'Malley | Barclays | Raises | Underweight | $40.00 | $38.00 |
| Dave Kang | B. Riley Securities | Raises | Neutral | $50.00 | $40.00 |
| Mike Genovese | Rosenblatt | Raises | Buy | $69.00 | $65.00 |
| Alex Henderson | Needham | Raises | Buy | $70.00 | $65.00 |
| Samik Chatterjee | JP Morgan | Raises | Overweight | $65.00 | $57.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction 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 gauge the dynamics of price targets, providing estimates for the future value of Lumentum Holdings's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Lumentum Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Lumentum Holdings analyst ratings.
All You Need to Know About 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 Optical Communications and Commercial 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: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining Lumentum Holdings's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -16.86% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Lumentum Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -81.9%, 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 -23.66%, 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 -6.21%, 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 2.67. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: Simplified
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
