Lumentum Holdings Inc. (LITE) on Focus After Raising In Today’s Session

April 17, 2018 - By sdfsdfsdf

Lumentum Holdings Inc. (NASDAQ:LITE) Logo

The stock of Lumentum Holdings Inc. (NASDAQ:LITE) is a huge mover today! The stock increased 5.94% or $3.48 during the last trading session, reaching $61.95. About 2.90M shares traded or 11.08% up from the average. Lumentum Holdings Inc. (NASDAQ:LITE) has risen 22.62% since April 17, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.
The move comes after 5 months positive chart setup for the $3.81B company. It was reported on Apr, 17 by We have $65.67 PT which if reached, will make NASDAQ:LITE worth $228.66 million more.

Analysts await Lumentum Holdings Inc. (NASDAQ:LITE) to report earnings on May, 3. They expect $0.53 EPS, up 43.24 % or $0.16 from last year’s $0.37 per share. LITE’s profit will be $32.60M for 29.22 P/E if the $0.53 EPS becomes a reality. After $1.44 actual EPS reported by Lumentum Holdings Inc. for the previous quarter, Wall Street now forecasts -63.19 % negative EPS growth.

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 $3.81 billion. It operates through two divisions, Optical Communications and Commercial Lasers. It has a 38.48 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.

Lumentum Holdings Inc. (NASDAQ:LITE) Ratings Chart

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