Published On: Wed, Oct 19th, 2016

Lumentum (NASDAQ:LITE) Updated Broker Ratings


A number of investment brokers have recently updated their price targets on shares of Lumentum (NASDAQ:LITE).

Most recent broker ratings

10/11/2016 – Lumentum was downgraded to “sell” by analysts at Goldman Sachs. They now have a USD 36 price target on the stock.

10/05/2016 – Lumentum had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 47 price target on the stock.

10/03/2016 – Lumentum had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 51.5 price target on the stock.

09/26/2016 – Lumentum had its “buy” rating reiterated by analysts at MKM Partners. They now have a USD 50 price target on the stock.

09/19/2016 – Lumentum had its “strong buy” rating reiterated by analysts at Needham & Company. They now have a USD 50 price target on the stock.

08/11/2016 – Lumentum was downgraded to “underweight” by analysts at Morgan Stanley. They now have a USD 27 price target on the stock.

08/10/2016 – Lumentum had its “underweight” rating reiterated by analysts at Barclays. They now have a USD 30 price target on the stock.

08/10/2016 – Lumentum had its “buy” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 42 price target on the stock.

05/31/2016 – Lumentum was upgraded to “outperform” by analysts at Raymond James. They now have a USD 30 price target on the stock.

05/05/2016 – Lumentum was upgraded to “neutral” by analysts at JP Morgan. They now have a USD 28 price target on the stock.

04/08/2016 – Drexel Hamilton began new coverage on Lumentum giving the company a “hold” rating.

09/09/2015 – Lumentum was downgraded to “sector perform” by analysts at RBC Capital. They now have a USD 20 price target on the stock.

08/18/2015 – Northland Securities began new coverage on Lumentum giving the company a “outperform” rating. They now have a USD 27.5 price target on the stock.

08/13/2015 – UBS began new coverage on Lumentum giving the company a “buy” rating. They now have a USD 23 price target on the stock.

08/05/2015 – B. Riley began new coverage on Lumentum giving the company a “buy” rating. They now have a USD 27.25 price target on the stock.

The share price of Lumentum (NASDAQ:LITE) was up +0.35% during the last day of trading, with a day high of 40.80. 447529 shares were traded during the last session.

The stock’s 50 day moving average is 39.81 and its 200 day moving average is 29.99. The stock’s market capitalization is 2.43B. Lumentum has a 52-week low of 14.17 and a 52-week high of 45.25.

Lumentum Holdings Inc. is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The Company’s OpComms products include a range of components, modules and subsystems to support and maintain customers in its two primary markets: Telecom and Datacom. The Company’s Lasers products serve customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining, such as drilling in printed circuit boards, wafer singulation and solar cell scribing. The Company’s customers include original equipment manufacturers (OEMs).