Press coverage about Lumentum (NASDAQ:LITE) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lumentum earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.7376796924732 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
A number of research analysts have recently commented on the company. Barclays upgraded Lumentum from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $67.00 in a report on Wednesday, January 10th. Loop Capital began coverage on Lumentum in a research report on Monday. They set a “buy” rating and a $65.00 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $81.00 price objective on shares of Lumentum in a research report on Wednesday. BidaskClub raised Lumentum from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, UBS Group assumed coverage on Lumentum in a research report on Wednesday. They set a “buy” rating and a $57.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.35.
Lumentum (NASDAQ LITE) traded down $1.63 during trading on Friday, reaching $46.27. The company’s stock had a trading volume of 1,452,237 shares, compared to its average volume of 2,332,397. The stock has a market capitalization of $2,870.60 and a P/E ratio of -30.18. The company has a quick ratio of 4.38, a current ratio of 5.21 and a debt-to-equity ratio of 0.50. Lumentum has a one year low of $36.90 and a one year high of $68.63.
Lumentum (NASDAQ:LITE) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.09). Lumentum had a negative net margin of 9.32% and a positive return on equity of 15.99%. research analysts anticipate that Lumentum will post 2.64 earnings per share for the current fiscal year.
In other Lumentum news, Director Martin A. Kaplan sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $55.03, for a total transaction of $165,090.00. Following the completion of the sale, the director now owns 26,573 shares of the company’s stock, valued at $1,462,312.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Penny Herscher sold 822 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $50.61, for a total value of $41,601.42. Following the sale, the director now directly owns 34,793 shares of the company’s stock, valued at approximately $1,760,873.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,643 shares of company stock valued at $1,806,554. Company insiders own 0.76% of the company’s stock.
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Lumentum Company Profile
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).
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