Press coverage about Lumentum (NASDAQ:LITE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lumentum earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.9528375612739 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Zacks: Analysts Anticipate Lumentum Holdings Inc (LITE) Will Announce Quarterly Sales of $359.95 Million (americanbankingnews.com)
- Are These Going Behind the Curtain? Lumentum Holdings Inc. (LITE), Apollo Commercial Real Estate Finance, Inc. (ARI) – Market Movers (financialqz.com)
- Cuts To Apple iPhone Estimates ‘Highly Unlikely,’ Says Gene Munster (finance.yahoo.com)
- Apple's Millions Could Give Finisar a Massive Boost (finance.yahoo.com)
- Lumentum (LITE) Downgraded by BidaskClub to “Sell” (americanbankingnews.com)
Lumentum (NASDAQ:LITE) traded down $0.15 on Monday, hitting $48.90. The stock had a trading volume of 1,766,741 shares, compared to its average volume of 1,888,358. The stock has a market capitalization of $3,040.00 and a P/E ratio of -31.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.38 and a current ratio of 5.21. Lumentum has a 1 year low of $34.15 and a 1 year high of $68.63.
In other news, CEO Alan S. Lowe sold 6,025 shares of Lumentum stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $57.13, for a total value of $344,208.25. Following the transaction, the chief executive officer now owns 250,593 shares in the company, valued at $14,316,378.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Martin A. Kaplan sold 15,000 shares of Lumentum stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $57.07, for a total value of $856,050.00. Following the completion of the transaction, the director now owns 29,573 shares in the company, valued at approximately $1,687,731.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,643 shares of company stock worth $1,806,554. Company insiders own 0.76% of the company’s stock.
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Lumentum Company Profile
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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