Brokerage firm MKM Partners Maintains its rating on Lumentum Holdings Inc(NASDAQ:LITE). In a research note issued to the investors, the brokerage major Raises the price-target to $50.00 per share. The shares have been rated Buy. The rating by MKM Partners was issued on Sep 26, 2016.
In a different note, On Aug 11, 2016, Morgan Stanley said it Downgrades its rating on Lumentum Holdings Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Underweight’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Lumentum Holdings Inc. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Barclays said it Maintains its rating on Lumentum Holdings Inc. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 25, 2016, Needham said it Upgrades its rating on Lumentum Holdings Inc. The shares have been rated ‘Strong Buy’ by the firm.
Lumentum Holdings Inc(LITE) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $241.70M. Analysts had an estimated revenue of $238.42M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.36.
Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Alan S Lowe (CEO and President) sold 23,610 shares at $35.45 per share price.Also, On Sep 1, 2016, Vincent Retort (EVP and COO) sold 8,114 shares at $32.59 per share price.On Aug 23, 2016, Aaron Tachibana (CFO) sold 6,086 shares at $34.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Lumentum Holdings Inc. (Lumentum) is a provider of optical and photonic products. The Company’s products are used in a range of end markets including data communications (Datacom) and telecommunications (Telecom) networking and industrial and commercial lasers (commercial lasers) for manufacturing inspection and life-sciences applications. The Company operates through two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers). The Companys OpComms segment portfolio includes products used by Telecom and Datacom nanoelectromechanical systems (NEMs) and both traditional and cloud/data center service providers. The Companys Lasers segment products serve its customers in markets and applications such as manufacturing biotechnology graphics and imaging remote sensing and precision machining such as drilling in printed circuit boards wafer singulation and solar cell scribing.