Headlines about Lumentum (NASDAQ:LITE) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lumentum earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.2387022658197 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern’s scoring:

Several brokerages recently issued reports on LITE. UBS AG lifted their price target on shares of Lumentum from $66.00 to $70.00 in a report on Wednesday, August 9th. Rosenblatt Securities set a $70.00 price target on shares of Lumentum and gave the company a “buy” rating in a report on Wednesday, August 9th. Craig Hallum reaffirmed a “buy” rating and set a $75.00 price target on shares of Lumentum in a report on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $81.00 price target on shares of Lumentum in a report on Sunday, August 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $72.00 price target (up from $63.00) on shares of Lumentum in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Lumentum has an average rating of “Buy” and a consensus target price of $68.06.

Shares of Lumentum (NASDAQ LITE) traded up $0.05 during midday trading on Friday, hitting $60.30. 496,607 shares of the stock were exchanged, compared to its average volume of 1,899,344. The firm has a market cap of $3,735.50, a P/E ratio of 42.13, a P/E/G ratio of 1.10 and a beta of 1.03. Lumentum has a 1 year low of $34.15 and a 1 year high of $68.63. The company has a quick ratio of 4.38, a current ratio of 5.21 and a debt-to-equity ratio of 0.50.

In other news, COO Vincent Retort sold 30,706 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $54.46, for a total value of $1,672,248.76. Following the transaction, the chief operating officer now owns 110,770 shares in the company, valued at approximately $6,032,534.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin A. Kaplan sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $57.07, for a total transaction of $856,050.00. Following the completion of the transaction, the director now owns 29,573 shares in the company, valued at approximately $1,687,731.11. The disclosure for this sale can be found here. Insiders sold a total of 62,891 shares of company stock worth $3,510,342 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Lumentum (LITE) Stock Price” was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-lumentum-lite-stock-price/1726430.html.

Lumentum Company Profile

Lumentum Holdings Inc is a provider of optical and photonic products for a range of end market applications, including data communications (Datacom) and telecommunications (Telecom) networking and commercial lasers (commercial lasers) for manufacturing, inspection and life-science applications. The Company operates in two segments: Optical Communications (OpComms) and Commercial Lasers (Lasers).

Insider Buying and Selling by Quarter for Lumentum (NASDAQ:LITE)

Receive News & Ratings for Lumentum Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lumentum Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.