NASDAQ:LITE

89.20
2.23 (2.56%) 1d
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Lumentum Holdings
(A Top Pick Apr 12/22, Down 2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LITE has triggered its stop at $85. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 2%, when combined with our previous buy recommendation.
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premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Lumentum Holdings
Stockchase Research Editor: Michael O'Reilly As the company continues to develop 3D sensing products essential to the automotive and industrial sectors, we again reiterate LITE as a TOP PICK. It trades at 18x earnings compared to peers at 31x. Recently reported earnings matched expectations and the company is managing a ROE of 17%. It continues to grow its cash reserves while buying back shares and retiring debt. We continue to recommend a tight stop loss at $85, looking to achieve $116 -- upside potential over 32%. Yield 0% (Analysts’ price target is $115.92)
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premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Lumentum Holdings
Stockchase Research Editor: Michael O’Reilly We again reiterate our recommendation of LITE (maker of fiber optic network products essential in the 5G rollout) as a TOP PICK. It trades at 19x earnings compared to peers at 65x. Recently reported earnings matched expectations and the company is managing a ROE of 18%. It continues to grow its cash reserves while buying back shares. We continue to recommend a stop loss at $85, looking to achieve $113 -- upside potential over 18%. Yield 0% (Analysts’ price target is $113.00)
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Lumentum Holdings
(A Top Pick Sep 21/21, Up 18.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LITE is progressing well and has achieved its $100 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $82) to $85.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Lumentum Holdings
(A Top Pick Sep 21/21, Up 0.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LITE is progressing well. We now recommend trailing up the stop (from $70) to $82.
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Lumentum Holdings
Stockchase Research Editor: Michael O'Reilly We reiterate our recommendation of LITE (maker of fiber optic network products essential in the 5G rollout) as a TOP PICK. It trades at 17x earnings compared to peers at 38x. It continues to grow its cash reserves and buying back shares. We would buy this with a stop loss at $70, looking to achieve $100 -- upside potential over 17%. Yield 0% (Analysts’ price target is $96.76)
0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Lumentum Holdings
Stockchase Research Editor: Michael O'Reilly LITE is a maker of fiber optic network products, which are essential in the 5G rollout. The stock was recently negatively impacted when it announced it was deferring almost $15 million in quarterly revenue due to delays in 5G deployment in China due to the pandemic. It trades at 16x earnings and earnings growth is projected at 15% for the next five years, as it has averaged the past five. We would buy this with a stop loss at $60, looking to achieve $115 - upside potential over 46%. Yield 0% (Analysts’ price target is $115.14)
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BUY
Lumentum Holdings

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.

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BUY
Lumentum Holdings

He really likes the fibre networking space, and this company sells components into that area. This has pulled back in the last couple of weeks as some of the more economically sensitives have pulled back.

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Lumentum Holdings(LITE-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Lumentum Holdings is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Lumentum Holdings(LITE-Q) Frequently Asked Questions

What is Lumentum Holdings stock symbol?

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

Is Lumentum Holdings a buy or a sell?

In the last year, there was no coverage of Lumentum Holdings published on Stockchase.

Is Lumentum Holdings a good investment or a top pick?

Lumentum Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Lumentum Holdings.

Why is Lumentum Holdings stock dropping?

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.

Is Lumentum Holdings worth watching?

0 stock analysts on Stockchase covered Lumentum Holdings In the last year. It is a trending stock that is worth watching.

What is Lumentum Holdings stock price?

On 2024-12-11, Lumentum Holdings (LITE-Q) stock closed at a price of $89.2.