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Lumentum Holdings, trading under the symbol LITE-Q, has recently shown a modest recovery in its stock price. However, analysts express concerns over the company’s track record, citing repeated misses in earnings expectations, which raises alarms regarding its financial health and operational execution. This pattern of underperformance could deter potential investors, leading them to reconsider their positions in light of the company’s uncertain outlook. While short-term gains might hint at a rebound, the underlying issues seem to overshadow these positive movements, creating a cautious sentiment among market watchers. Consequently, despite occasional upticks in stock performance, the overall narrative surrounding Lumentum is one of mixed feelings, with earnings misses being a significant point of contention.
The caller asked for an evaluation of Lumentum in the context of its acquisition of Oclaro (OCLR-O). He says that this stock’s chart looks terrific. It shows a lot of momentum, good earnings growth momentum, the stock shows a lot of volume on its upside breakout. He can see this going to $80 quickly and expects it to do well over a 3-to-6-month time frame. However, you should set an exit point for every trade. For this stock, he recommends that you start reducing if it drops to $65 and get completely out if it reaches $60. He would also reduce if it pulls back below its 20-day moving average.
Lumentum Holdings is a American stock, trading under the symbol LITE-Q on the NASDAQ (LITE). It is usually referred to as NASDAQ:LITE or LITE-Q
In the last year, 1 stock analyst published opinions about LITE-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lumentum Holdings.
Lumentum Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Lumentum Holdings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Lumentum Holdings In the last year. It is a trending stock that is worth watching.
On 2025-04-25, Lumentum Holdings (LITE-Q) stock closed at a price of $60.
Despite a nice bounce today, they've missed earnings too many times.