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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lumentum Holdings with a $116.78 average price target.
Based on Lumentum Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $479 million and net profit of $83.2 million. In comparison, last year the company earned revenue of $458 million and had a net profit of $49.1 million.
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Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.