Lumentum (NASDAQ:LITE) Issues Q2 2027 Earnings Guidance

Lumentum (NASDAQ:LITE) updated its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 5.900-6.200 for the period, compared to the consensus estimate of 4.980. The company issued revenue guidance of $1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

Lumentum Trading Down 8.0%

Shares of NASDAQ:LITE opened at $626.06 on Thursday. Lumentum has a 1 year low of $213.00 and a 1 year high of $1,143.00. The firm has a market capitalization of $56.71 billion, a price-to-earnings ratio of -7.95 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.68 and a quick ratio of 1.40. The business’s 50 day moving average price is $911.07 and its 200-day moving average price is $799.77.

Lumentum (NASDAQ:LITE) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.35. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Lumentum had a negative net margin of 175.82% and a positive return on equity of 33.33%. The firm’s revenue for the quarter was up 136.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. On average, equities research analysts forecast that Lumentum will post 19.80 earnings per share for the current fiscal year.

Analyst Ratings Changes

LITE has been the topic of several research analyst reports. Stifel Nicolaus set a $806.00 target price on shares of Lumentum in a research report on Monday. Bank of America reduced their price target on shares of Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. TD Cowen decreased their price target on shares of Lumentum from $820.00 to $685.00 and set a “hold” rating on the stock in a research note on Tuesday. Evercore started coverage on Lumentum in a report on Monday, August 31st. They issued an “outperform” rating and a $1,100.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Lumentum from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,081.61.

Insider Buying and Selling

In other Lumentum news, insider Yuen Wupen sold 307 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total value of $290,115.00. Following the sale, the insider owned 108,320 shares of the company’s stock, valued at $102,362,400. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares in the company, valued at $78,715,089. This trade represents a 24.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,496 shares of company stock worth $85,978,498 over the last three months. Insiders own 0.28% of the company’s stock.

Lumentum Company Profile

Lumentum Holdings Inc is a technology company that designs and manufactures optical and photonic products for communications networks, industrial applications, and consumer electronics. Its portfolio includes optical components, modules, and subsystems used in fiber-optic networks, data centers, cloud computing infrastructure, telecommunications equipment, and high-speed connectivity systems.

The company also develops laser products for applications such as industrial processing, sensing, three-dimensional imaging, and other specialized commercial and consumer uses.