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How to buy Lumentum stock | $87.13

Own Lumentum stock in just a few minutes.

Fact checked

Lumentum Holdings Inc is a communication equipment business based in the US. Lumentum shares (LITE) are listed on the NASDAQ and all prices are listed in US Dollars. Lumentum employs 5,473 staff and has a trailing 12-month revenue of around USD$1.7 billion.

How to buy shares in Lumentum

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Lumentum. Find the stock by name or ticker symbol: LITE. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Lumentum reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$87.13, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Lumentum, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Lumentum. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Lumentum share price

Use our graph to track the performance of LITE stocks over time.

Lumentum shares at a glance

Information last updated 2020-10-21.
Latest market closeUSD$87.13
52-week rangeUSD$54.53 - USD$96.735
50-day moving average USD$77.4871
200-day moving average USD$80.0299
Wall St. target priceUSD$103.13
PE ratio 47.2743
Dividend yield N/A (0%)
Earnings per share (TTM) USD$1.75

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Lumentum stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Lumentum price performance over time

Historical closes compared with the close of $87.13 from 2020-12-09

1 week (2021-01-11) -19.24%
1 month (2020-12-22) -10.86%
3 months (2020-10-18) N/A
6 months (2020-07-18) N/A
1 year (2020-01-18) N/A
2 years (2019-01-18) 85.26%
3 years (2018-01-18) 68.53%
5 years (2016-01-20) 362.96%

Is Lumentum under- or over-valued?

Valuing Lumentum stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Lumentum's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Lumentum's P/E ratio

Lumentum's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 47x. In other words, Lumentum shares trade at around 47x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Lumentum's PEG ratio

Lumentum's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.97. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Lumentum's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Lumentum's EBITDA

Lumentum's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$448 million.

The EBITDA is a measure of a Lumentum's overall financial performance and is widely used to measure a its profitability.

Lumentum financials

Revenue TTM USD$1.7 billion
Operating margin TTM 15.26%
Gross profit TTM USD$734.5 million
Return on assets TTM 5.33%
Return on equity TTM 8.35%
Profit margin 8.07%
Book value $23.291
Market capitalisation USD$6.4 billion

TTM: trailing 12 months

Shorting Lumentum shares

There are currently 7.0 million Lumentum shares held short by investors – that's known as Lumentum's "short interest". This figure is 3.3% down from 7.3 million last month.

There are a few different ways that this level of interest in shorting Lumentum shares can be evaluated.

Lumentum's "short interest ratio" (SIR)

Lumentum's "short interest ratio" (SIR) is the quantity of Lumentum shares currently shorted divided by the average quantity of Lumentum shares traded daily (recently around 1.6 million). Lumentum's SIR currently stands at 4.45. In other words for every 100,000 Lumentum shares traded daily on the market, roughly 4450 shares are currently held short.

However Lumentum's short interest can also be evaluated against the total number of Lumentum shares, or, against the total number of tradable Lumentum shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Lumentum's short interest could be expressed as 0.09% of the outstanding shares (for every 100,000 Lumentum shares in existence, roughly 90 shares are currently held short) or 0.1268% of the tradable shares (for every 100,000 tradable Lumentum shares, roughly 127 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Lumentum.

Find out more about how you can short Lumentum stock.

Lumentum share dividends

We're not expecting Lumentum to pay a dividend over the next 12 months.

Lumentum share price volatility

Over the last 12 months, Lumentum's shares have ranged in value from as little as $54.53 up to $96.735. A popular way to gauge a stock's volatility is its "beta".

LITE.US volatility(beta: 0.92)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Lumentum's is 0.9222. This would suggest that Lumentum's shares are less volatile than average (for this exchange).

Lumentum overview

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 in 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. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; transport products, such as reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components, including 980nm, multi-mode, and Raman pumps; and switches, attenuators, photodetectors, gain flattening filters, isolators, wavelength-division multiplexing filters, arrayed waveguide gratings, multiplex/de-multiplexers, and integrated passive modules. This segment also provides Super Transport Blade, which integrates optical transport functions into a single-slot blade; vertical-cavity surface-emitting lasers; directly modulated and electro-absorption modulated lasers; and laser illumination sources for 3D sensing systems. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode-pumped solid-state, fiber, diode, direct-diode, and gas lasers for use in original equipment manufacturer applications. It serves customers in markets and applications, such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, and remote sensing, as well as in precision machining, such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in San Jose, California.

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