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Lumentum (NASDAQ:LITE – Get Free Report) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -0.050-0.100 for the period, compared to the consensus estimate of 0.140. The company issued revenue guidance of $290.0 million-$315.0 million, compared to the consensus revenue estimate of $331.4 million. Lumentum also […]
Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors bought 15,020 call options on the company. This is an increase of 901% compared to the typical volume of 1,501 call options. Analyst Upgrades and Downgrades LITE has been the topic of several recent analyst […]
Shares of Lumentum Holdings Inc. (NASDAQ:LITE – Get Free Report) have earned a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the […]
Lumentum (NASDAQ:LITE – Free Report) had its target price increased by Raymond James from $51.50 to $58.00 in a report released on Monday morning, Benzinga reports. Raymond James currently has an outperform rating on the technology company’s stock. Several other research firms have also commented on LITE. Rosenblatt Securities boosted their price objective on shares […]
Thompson Investment Management Inc. raised its stake in shares of Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,873 shares of the technology company’s stock after buying an additional 1,200 shares during the […]