Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Lumentum Holdings Inc (NASDAQ: LITE) weakened in recent days. LITE’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Lumentum Holdings Inc (NASDAQ: LITE) stock declined slightly by -1.0% on 1/10/25. The stock closed at $84.38. However, trading volume in this decline was below average at 67% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.5% during the last week.
Current PriceTarget Research Rating
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 22 but a very high Power Rating of 100, and the High Neutral Value Trend Rating results.
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