Analyst Ratings for Lumentum Holdings Inc. (LITE)

Updated: 2017-07-27

Lumentum Holdings Inc. (NASDAQ:LITE) was awarded an average rating of Overweight from investment analysts following the stock. About 30 days ago, LITE was issued an average rating of Overweight.

10 analysts declared LITE a buy, 0 gave an overweight rating, 6 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has decreased by 1.

Investment analysts gave a few price targets for LITE. The most optimistic price target was 80, which equates to a potential upside of 29.24 percent. The most pessimistic analyst gave a price target of 44, implying potential capital losses of -28.92 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -44.64 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -12.55 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.

In the trailing 52-weeks, LITE hit 68.63 at the highest peak, while it's lowest trading point was 28.44. Currently the stock is 117.65 percent higher than its low, and 9.81 percent below the high. LITE has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The LITE value stock report compares LITE to some of its peers using value stock charts. The market cap of LITE is $3.97 billion. LITE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.