How to buy Lumentum stock | $84.05

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 5,618 staff and has a trailing 12-month revenue of around 0.00.

Lumentum stock price (NASDAQ: LITE)

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

Lumentum shares at a glance

• Key figures

Information last updated 2021-10-17.

Latest market close	$84.05
52-week range	$66.31 - $112.08
50-day moving average	$85.64
200-day moving average	$84.04
Wall St. target price	$95.88
PE ratio	16.8028
Dividend yield	N/A (0%)
Earnings per share (TTM)	$5.07

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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 $84.05 from 2021-10-22

1 week (2021-10-15)	-1.34%
1 month (2021-09-24)	-2.92%
3 months (2021-07-23)	1.30%
6 months (2021-04-23)	-10.66%

1 year (2020-10-23)	0.02%
2 years (2019-10-24)	53.18%
3 years (2018-10-24)	57.25%
5 years (2016-10-24)	103.02%

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 17x. In other words, Lumentum shares trade at around 17x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-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 $509.7 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	$1.7 billion
Operating margin TTM	19.08%
Gross profit TTM	$850.2 million
Return on assets TTM	6.07%
Return on equity TTM	21.35%
Profit margin	22.8%
Book value	$27.03
Market capitalisation	$6.2 billion

TTM: trailing 12 months

Shorting Lumentum shares

There are currently 5.9 million Lumentum shares held short by investors – that's known as Lumentum's "short interest". This figure is 3.1% down from 6.1 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 527917.08185053). Lumentum's SIR currently stands at 11.24. In other words for every 100,000 Lumentum shares traded daily on the market, roughly 11240 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 0.08% of the outstanding shares (for every 100,000 Lumentum shares in existence, roughly 80 shares are currently held short) or 0.0819% of the tradable shares (for every 100,000 tradable Lumentum shares, roughly 82 shares are currently held short).

A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting 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 $66.313 up to $112.08. A popular way to gauge a stock's volatility is its "beta".

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 0.9333. 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.

Frequently asked questions

What percentage of Lumentum is owned by insiders or institutions?
Currently 0.304% of Lumentum shares are held by insiders and 96.494% by institutions. How many people work for Lumentum?
Latest data suggests 5,618 work at Lumentum. When does the fiscal year end for Lumentum?
Lumentum's fiscal year ends in June. Where is Lumentum based?
Lumentum's address is: 1001 Ridder Park Drive, San Jose, CA, United States, 95131 What is Lumentum's ISIN number?
Lumentum's international securities identification number is: US55024U1097 What is Lumentum's CUSIP number?
Lumentum's Committee on Uniform Securities Identification Procedures number is: 55024U109