Rosenblatt Securities analyst Hans Mosesmann maintained a Hold rating on Lumentum Holdings (NASDAQ:LITE) on Tuesday, setting a price target of $80, which is approximately 2.07% above the present share price of $78.38.
Mosesmann expects Lumentum Holdings to post earnings per share (EPS) of $2.97 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Lumentum Holdings, with an average price target of $87.2.
The analysts price targets range from a high of $100 to a low of $80.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $419.5 million and a net profit of $62.3 million. The company's market cap is $5.95 billion.
According to TipRanks.com, Rosenblatt Securities analyst Hans Mosesmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.9% and a 71.70% success rate.
Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.