Media coverage about Lumentum (NASDAQ:LITE) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lumentum earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.7100997945015 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Lumentum Holdings Inc. (NASDAQ:LITE) – Here’s What Day Traders Should Know – Nasdaq Journal (press release) (nasdaqjournal.com)
- Lumentum Holdings Inc. (LITE) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Lumentum Holdings Inc. (LITE) Endeavor to Hijack Street on Volatility Facts – Stock News Stop (stockmarketstop.com)
- Putting the Heat on Lumentum Holdings Inc. (LITE), Coeur Mining, Inc. (CDE) – Market Movers (financialqz.com)
- Finisar Earnings Miss; Will Expand 3D Manufacturing, Shares Up (finance.yahoo.com)
Several brokerages recently commented on LITE. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $68.00 price objective on shares of Lumentum in a research note on Thursday, September 14th. B. Riley reiterated a “buy” rating and set a $81.00 target price on shares of Lumentum in a research report on Sunday, August 13th. DA Davidson reiterated a “buy” rating and set a $83.00 target price (up from $77.00) on shares of Lumentum in a research report on Thursday, August 10th. Jefferies Group reiterated a “buy” rating and set a $72.00 target price (up from $63.00) on shares of Lumentum in a research report on Thursday, August 10th. Finally, MKM Partners boosted their price objective on shares of Lumentum to $71.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $68.06.
Shares of Lumentum (LITE) traded up $1.05 on Friday, reaching $49.60. 4,233,595 shares of the company’s stock were exchanged, compared to its average volume of 1,837,044. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.38 and a current ratio of 5.21. Lumentum has a twelve month low of $34.15 and a twelve month high of $68.63. The stock has a market cap of $2,876.80, a price-to-earnings ratio of 32.45, a P/E/G ratio of 0.85 and a beta of 0.83.
In other Lumentum news, CFO Aaron Tachibana sold 1,248 shares of Lumentum stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $60.00, for a total value of $74,880.00. Following the transaction, the chief financial officer now owns 69,830 shares in the company, valued at $4,189,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin A. Kaplan sold 3,000 shares of Lumentum stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $55.03, for a total value of $165,090.00. Following the completion of the transaction, the director now owns 26,573 shares in the company, valued at approximately $1,462,312.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,891 shares of company stock valued at $3,675,432. 0.76% of the stock is owned by corporate insiders.
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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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