Were Analysts Bearish Lumentum Holdings Inc. (NASDAQ:LITE) This Week?

March 14, 2018 - By reb123z

 Were Analysts Bearish Lumentum Holdings Inc. (NASDAQ:LITE) This Week?

Lumentum Holdings Inc. (NASDAQ:LITE) Ratings Coverage

Among 14 analysts covering Lumentum (NASDAQ:LITE), 6 have Buy rating, 3 Sell and 5 Hold. Therefore 43% are positive. Lumentum had 33 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Lumentum Holdings Inc. (NASDAQ:LITE) has “Buy” rating given on Tuesday, August 4 by Needham. M Partners initiated the shares of LITE in report on Thursday, September 24 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Wednesday, August 12 with “Buy”. The stock of Lumentum Holdings Inc. (NASDAQ:LITE) has “Overweight” rating given on Tuesday, February 23 by Piper Jaffray. Needham maintained Lumentum Holdings Inc. (NASDAQ:LITE) on Monday, October 31 with “Strong Buy” rating. On Wednesday, November 11 the stock rating was maintained by M Partners with “Buy”. The firm has “Sell” rating given on Tuesday, October 11 by Goldman Sachs. The rating was initiated by RBC Capital Markets with “Outperform” on Monday, August 10. The company was maintained on Friday, October 28 by Stifel Nicolaus. The firm earned “Neutral” rating on Thursday, August 6 by JP Morgan. Below is a list of Lumentum Holdings Inc. (NASDAQ:LITE) latest ratings and price target changes.

The stock increased 1.84% or $1.325 during the last trading session, reaching $73.225. About 1.25 million shares traded. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 145.74% since March 14, 2017 and is uptrending. It has outperformed by 129.04% the S&P500.

Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company has market cap of $4.57 billion. It operates through two divisions, Optical Communications and Commercial Lasers. It has a 45.48 P/E ratio. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables.

More important recent Lumentum Holdings Inc. (NASDAQ:LITE) news were published by: Seekingalpha.com which released: “Craig-Hallum sees Lumentum-Oclaro deal as consolidation trigger” on March 13, 2018, also Seekingalpha.com published article titled: “B. Riley downgrades Oclaro after Lumentum offer”, Nasdaq.com published: “April 27th Options Now Available For Lumentum Holdings (LITE)” on March 08, 2018. More interesting news about Lumentum Holdings Inc. (NASDAQ:LITE) was released by: Prnewswire.com and their article: “Lumentum Showcases 400G Transceiver Portfolio For Next-Generation Data Centers” with publication date: March 13, 2018.

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