Lumentum (NASDAQ:LITE) Issues Quarterly Earnings Results

Lumentum (NASDAQ:LITE) released its earnings results on Thursday. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.41), Zacks reports. Lumentum had a negative return on equity of 6.79% and a negative net margin of 40.70%. Lumentum updated its Q3 2025 guidance to 0.470-0.530 EPS.

Lumentum Stock Performance

Shares of LITE stock traded up $3.48 during mid-day trading on Thursday, reaching $92.67. 5,118,194 shares of the company’s stock traded hands, compared to its average volume of 2,284,161. The firm has a market capitalization of $6.37 billion, a PE ratio of -11.19 and a beta of 0.94. The company has a debt-to-equity ratio of 2.87, a quick ratio of 4.04 and a current ratio of 5.36. The firm has a 50 day moving average price of $87.52 and a two-hundred day moving average price of $71.12. Lumentum has a 12 month low of $38.28 and a 12 month high of $104.00.

Insider Buying and Selling at Lumentum

In other Lumentum news, CFO Wajid Ali sold 29,887 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $85.06, for a total value of $2,542,188.22. Following the completion of the transaction, the chief financial officer now directly owns 56,492 shares in the company, valued at $4,805,209.52. This represents a 34.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harold L. Covert sold 15,000 shares of Lumentum stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $87.17, for a total transaction of $1,307,550.00. Following the transaction, the director now owns 8,761 shares in the company, valued at approximately $763,696.37. This trade represents a 63.13 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,797 shares of company stock valued at $8,881,428. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LITE has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Lumentum from $83.00 to $81.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Barclays upgraded shares of Lumentum from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $80.00 to $125.00 in a report on Friday, January 17th. Rosenblatt Securities lifted their target price on Lumentum from $69.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Raymond James boosted their price target on Lumentum from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Northland Securities lifted their price objective on Lumentum from $45.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.77.

Lumentum Company Profile

Lumentum Holdings Inc manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The OpComms segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and data over high-capacity fiber optic cables.