After Hours
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.
Stocks Info
This NASDAQ-listed company operates within the Communication Equipment industry segment, falling under the Technology sector. The current market capitalization of Lumentum Holdings Inc is $6.14B. A total of 1.62 million shares were traded on the day, compared to an average of 1.72M shares.
In the most recent transaction, Ali Wajid sold 29,887 shares of LITE for 85.06 per share on Nov 29 ’24. After the transaction, the EVP & CHIEF FINANCIAL OFFICER now owns 56,492 company shares. In a previous transaction on Nov 29 ’24, WAJID ALI bought 29,887 shares at 85.06 per share.
Among the insiders who sold shares, Retort Vincent disposed of 41,710 shares on Nov 25 ’24 at a per-share price of $89.52. This resulted in the PRESIDENT, INDUSTRIAL TECH. holding 147,515 shares of LITE after the transaction. In another insider transaction, Johnson Julia Suzanne sold 2,058 shares at $85.82 per share on Nov 22 ’24. Company shares held by the Director now total 23,287.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, LITE has a high of $96.25 and a low of $38.28.
As of this writing, LITE has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 15.0 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.3.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $13.06, while its Total Shareholder’s Equity was $1.88B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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.
