Headlines about Lumentum (NASDAQ:LITE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public 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 0.21 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.4360800749936 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

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

LITE has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $80.00 target price on shares of Lumentum in a research report on Wednesday, September 6th. Zacks Investment Research lowered Lumentum from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Lumentum in a research report on Thursday, September 21st. BidaskClub raised Lumentum from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 target price on shares of Lumentum in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Lumentum presently has a consensus rating of “Buy” and an average price target of $68.75.

Lumentum (NASDAQ LITE) traded up $0.50 during trading hours on Wednesday, reaching $53.90. The company had a trading volume of 2,029,345 shares, compared to its average volume of 1,894,870. The firm has a market capitalization of $3,310.00 and a price-to-earnings ratio of 36.61. Lumentum has a 52-week low of $34.15 and a 52-week 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 related news, CEO Alan S. Lowe sold 4,364 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $54.59, for a total transaction of $238,230.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Penny Herscher sold 822 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $50.61, for a total value of $41,601.42. Following the transaction, the director now directly owns 34,793 shares in the company, valued at $1,760,873.73. The disclosure for this sale can be found here. Insiders have sold 66,713 shares of company stock worth $3,717,034 over the last three months. 0.76% of the stock is owned by insiders.

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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)

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