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LITE

Lumentum

$41.65

-1.06 (-2.48%)

10:40
02/08/19
02/08
10:40
02/08/19
10:40

Put buyers in Lumentum Holdings as shares extend losses

Put buyers in Lumentum Holdings as shares extend losses. The stock off 3.2% to $41.33 Friday and has dropped almost 17% since earnings reported Tuesday morning. Some players seem to be anticipating additional losses next week because Feb 40.5 puts trade 2.5K, including 1K for 85c with bid-ask was 80 to 85c. 590 Feb 41 puts also on the tape.

  • 26

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  • 04

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LITE Lumentum
$41.65

-1.06 (-2.48%)

01/03/19
RILY
01/03/19
NO CHANGE
Target $62
RILY
Buy
B. Riley FBR an 'aggressive' buyer of Lumentum on today's selloff
B. Riley FBR analyst Dave Kang says he's an "aggressive" buyer today of Lumentum Holdings (LITE) on the selloff related to Apple's guidance cut last night. Apple weakness believe was already reflected in Lumentum's November preannouncement, Kang tells investors in a research note. He keeps a Buy rating on the shares with a $62 price target. The stock in early trading is down 8%, or $3.36, to $39.23.
01/14/19
MSCO
01/14/19
NO CHANGE
Target $55
MSCO
Equal Weight
Lumentum earnings power from Oclaro deal unappreciated, says Morgan Stanley
Morgan Stanley analyst Meta Marshall believes the market is focusing on the shortfall of 3D sensing expectations at Lumentum (LITE) while missing the $1.00-$1.50 of earnings power to come from its acquisition of Oclaro. There has generally been an assumption built into sell-side expectations that there would be an additional "world-facing" VCSEL-based module on the back of certain Apple (AAPL) iPhones in the fall of 2019 phone, noted Marshall. Given that, she believes that most sell-side estimates would need to come down by 75c-$1.00 if there were no "worldfacing" VCSEL in the iPhone in 2019, unless there was "massive" Android adoption to make up for the difference. The analyst, who prefers to let consensus estimates come down but said she is "more inclined to be positive" in the near-term, keeps an Equal Weight rating and $55 price target on Lumentum shares.
01/24/19
PIPR
01/24/19
NO CHANGE
Target $59
PIPR
Overweight
Lumentum price target lowered to $59 from $63 at Piper Jaffray
Piper Jaffray analyst Troy Jensen reduced his 3D sensing and earnings estimates for Lumentum but believes this is already factored into the company's current valuation and should not be a surprise to investors. The analyst continues to view Lumentum as one of the better positioned optical component suppliers and believes its acquisition of Oclaro strengthens the company's position and should lead to industry-leading profitability as cost synergies materialize. As such, despite lowering his price target for the shares to $59 from $63, Jensen reiterates an Overweight rating on Lumentum. The company can grow its 3D sensing segment from "these depressed levels" and show accelerating growth in 2019 and beyond, the analyst tells investors in a research note.
02/06/19
MKMP
02/06/19
NO CHANGE
Target $66
MKMP
Buy
Lumentum price target raised to $66 from $60 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Lumentum to $66 and kept his Buy rating after its Q3 results. The analyst says that while earnings missed by a penny, the global ROADM, or reconfigurable optical add-drop multiplexer, demand in U.S. and Europe remains strong, with added momentum coming from the build-out of the Metro networks in China. Genovese contends that Lumentum has "at least a couple more quarters of growth" with no meaningful inventory build happening in ROADMs.

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POST

Post Holdings

$108.09

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VMW

VMware

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MGM

MGM Resorts

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American Airlines

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NUE

Nucor

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NABZY

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TAP

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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MSFT

Microsoft

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Microsoft

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RRGB

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AT&T

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RRGB

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$30.58

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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HBIO

Harvard Bioscience

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0.03 (1.71%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
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