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.

Several price targets were given for LITE by the analysts covering the stock. The highest price target was 80, implying a possible profit of 29.24 percent. The most pessimistic price target was 44, implying a possible loss of -28.92 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -44.64 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -12.55 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

In the last 52-weeks, LITE has achieved a high of 68.63 and a low of 28.44. Currently the stock is 117.65 percent higher than its low, and below the high by 9.81 percent. LITE has a price/earnings 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 will post this quarters earnings in days, on 0000-00-00.