Lumentum Holdings Inc (NASDAQ: LITE) has reported a loss for its first fiscal quarter (ending September 30) of $-1.21 versus a loss $-1.02 for the same period a year ago — an increase of 19%. For the latest four quarters through September 30, E.P.S. were $-8.28 versus $-2.93 for the same period a year ago — an increase of 183%.
Recent Price Action
Lumentum Holdings Inc (NASDAQ: LITE) stock enjoyed a large increase of 2.3% on 11/7/24. The stock closed at $73.64. Moreover, trading volume in this advance was unusually high at 188% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 12.7% during the last week.
Current PriceTarget Research Rating
LITE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Lumentum Holdings has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Lumentum Holdings has a poor Appreciation Score of 27 but a very high Power Rating of 93, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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