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Lumentum (NASDAQ:LITE – Get Rating) had its price target cut by Stifel Nicolaus from $67.00 to $62.00 in a research report report published on Wednesday morning, The Fly reports. Several other brokerages have also issued reports on LITE. Craig Hallum lowered Lumentum from a buy rating to a hold rating and set a $50.00 price […]
Lumentum (NASDAQ:LITE – Get Rating) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, The Fly reports. They presently have a $40.00 price objective on the technology company’s stock, down from their prior price objective of $55.00. Barclays‘s target price would […]
Lumentum (NASDAQ:LITE – Get Rating) had its price objective reduced by research analysts at Loop Capital from $78.00 to $55.00 in a report issued on Wednesday, The Fly reports. Loop Capital’s target price suggests a potential upside of 19.59% from the company’s previous close. A number of other research firms have also recently commented on […]
Lumentum (NASDAQ:LITE – Get Rating) had its price objective dropped by stock analysts at Stifel Nicolaus from $67.00 to $62.00 in a note issued to investors on Wednesday, The Fly reports. Stifel Nicolaus’ target price would suggest a potential upside of 39.64% from the company’s previous close. Several other research firms have also weighed in […]
Lumentum (NASDAQ:LITE – Get Rating) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.45-0.65 for the period, compared to the consensus estimate of $0.78. The company issued revenue guidance of $350-380 million, compared to the consensus revenue estimate of $391.16 million. Lumentum […]