Lumentum (LITE) Receiving Somewhat Positive Press Coverage, Analysis Shows

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:

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.

LITE has been the topic of a number of research reports. Rosenblatt Securities set a $75.00 price target on Lumentum and gave the company a “buy” rating in a research report on Tuesday, October 24th. Needham & Company LLC restated a “buy” rating and set a $80.00 price target on shares of Lumentum in a research report on Thursday, October 12th. Zacks Investment Research upgraded Lumentum from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, October 11th. Piper Jaffray Companies restated a “buy” rating and set a $68.00 price target on shares of Lumentum in a research report on Monday, October 9th. Finally, Jefferies Group restated a “buy” rating and set a $75.00 price target on shares of Lumentum in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Lumentum has an average rating of “Buy” and an average price target of $68.75.

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.

WARNING: “Lumentum (LITE) Receiving Somewhat Positive Press Coverage, Analysis Shows” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2018/01/01/lumentum-lite-receiving-somewhat-positive-press-coverage-analysis-shows.html.

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).

Insider Buying and Selling by Quarter for Lumentum (NASDAQ:LITE)

Receive News & Ratings for Lumentum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit