After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.
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Stocks Info
LITE belongs to the Technology sector of the NASDAQ while operating in the Communication Equipment industry. The current market capitalization of Lumentum Holdings Inc is $2.93B. A total of 0.75 million shares were traded on the day, compared to an average of 1.52M shares.
In the most recent transaction, Sepe Matthew Joseph sold 9,903 shares of LITE for 49.23 per share on Feb 15 ’24. After the transaction, the CHIEF ACCOUNTING OFFICER now owns 33,188 company shares. In a previous transaction on Nov 20 ’23, Johnson Julia Suzanne sold 1,163 shares at 44.17 per share. LITE shares that Director owns now total 22,032.
Among the insiders who sold shares, Ali Wajid disposed of 6,872 shares on Jun 20 ’23 at a per-share price of $60.50. This resulted in the EVP & Chief Financial Officer holding 35,629 shares of LITE after the transaction.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, LITE has a high of $65.16 and a low of $35.35.
As of this writing, LITE has an earnings estimate of $0.26 per share for the current quarter. EPS was calculated based on a consensus of 15.0 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.21. The company reported an EPS of $0.75 in the last quarter
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LITE’s latest balance sheet shows that the firm has $2.55B in Cash & Short Term Investments as of fiscal 2022. There were $1.94B in debt and $716.50M in liabilities at the time. Its Book Value Per Share was $18.96, while its Total Shareholder’s Equity was $1.88B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LITE is Buy with a score of 3.87.
