Somewhat Favorable News Coverage Somewhat Unlikely to Affect Lumentum Holdings (LITE) Share Price
Media headlines about Lumentum Holdings (NASDAQ:LITE) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lumentum Holdings earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.8066848772561 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Lumentum Holdings, Inc. breached its 50 day moving average in a Bullish Manner : LITE-US : November 14, 2017 (finance.yahoo.com)
- Lumentum Holdings Inc. (NASDAQ:LITE): Stochastic Analysis – The Oracle Examiner (oracleexaminer.com)
- Lumentum Holdings Inc. (LITE) Director Martin A. Kaplan Sells 15,000 Shares (americanbankingnews.com)
- The Meet Group, Inc. (MEET) is at $2.29 per share and Lumentum Holdings Inc. (LITE) is listed at $57.15 – Stocks Gallery (stocksgallery.com)
- Lumentum Holdings Inc. (LITE) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
Lumentum Holdings (NASDAQ LITE) opened at $56.45 on Thursday. The firm has a market capitalization of $3,574.30, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. Lumentum Holdings has a fifty-two week low of $34.15 and a fifty-two week high of $68.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.21 and a quick ratio of 4.38.
A number of analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 target price on shares of Lumentum Holdings in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $75.00 target price on shares of Lumentum Holdings in a report on Wednesday, November 1st. Craig Hallum reiterated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Lumentum Holdings in a report on Wednesday, November 1st. DA Davidson boosted their target price on Lumentum Holdings from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, MKM Partners boosted their target price on Lumentum Holdings to $71.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $68.06.
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In other news, Director Martin A. Kaplan sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $57.07, for a total transaction of $856,050.00. Following the completion of the transaction, the director now directly owns 29,573 shares in the company, valued at approximately $1,687,731.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Vincent Retort sold 14,875 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $51.59, for a total value of $767,401.25. Following the transaction, the chief operating officer now owns 92,694 shares of the company’s stock, valued at $4,782,083.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,040 shares of company stock valued at $4,972,395. Company insiders own 0.76% of the company’s stock.
About Lumentum Holdings
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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