Lumentum (LITE) Competitors

$42.59
+1.19 (+2.87%)
(As of 05/8/2024 ET)

LITE vs. IRDM, HAYW, DOCN, QTWO, CCOI, SPT, USM, PYCR, RPD, and PLXS

Should you be buying Lumentum stock or one of its competitors? The main competitors of Lumentum include Iridium Communications (IRDM), Hayward (HAYW), DigitalOcean (DOCN), Q2 (QTWO), Cogent Communications (CCOI), Sprout Social (SPT), United States Cellular (USM), Paycor HCM (PYCR), Rapid7 (RPD), and Plexus (PLXS). These companies are all part of the "computer and technology" sector.

Lumentum vs.

Lumentum (NASDAQ:LITE) and Iridium Communications (NASDAQ:IRDM) are both mid-cap computer and technology companies, but which is the superior investment? We will compare the two businesses based on the strength of their media sentiment, valuation, earnings, profitability, community ranking, dividends, risk, analyst recommendations and institutional ownership.

Lumentum received 407 more outperform votes than Iridium Communications when rated by MarketBeat users. Likewise, 71.89% of users gave Lumentum an outperform vote while only 58.76% of users gave Iridium Communications an outperform vote.

CompanyUnderperformOutperform
LumentumOutperform Votes
890
71.89%
Underperform Votes
348
28.11%
Iridium CommunicationsOutperform Votes
483
58.76%
Underperform Votes
339
41.24%

Lumentum presently has a consensus price target of $52.08, suggesting a potential upside of 21.42%. Iridium Communications has a consensus price target of $44.75, suggesting a potential upside of 49.62%. Given Iridium Communications' stronger consensus rating and higher probable upside, analysts plainly believe Iridium Communications is more favorable than Lumentum.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Lumentum
2 Sell rating(s)
3 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.42
Iridium Communications
0 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.80

Iridium Communications has lower revenue, but higher earnings than Lumentum. Lumentum is trading at a lower price-to-earnings ratio than Iridium Communications, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Lumentum$1.77B1.64-$131.60M-$3.94-10.89
Iridium Communications$790.72M4.60$15.41M$0.21142.52

In the previous week, Lumentum had 25 more articles in the media than Iridium Communications. MarketBeat recorded 27 mentions for Lumentum and 2 mentions for Iridium Communications. Iridium Communications' average media sentiment score of 1.43 beat Lumentum's score of 0.46 indicating that Iridium Communications is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Lumentum
4 Very Positive mention(s)
4 Positive mention(s)
12 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
Iridium Communications
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Lumentum has a beta of 1.09, meaning that its stock price is 9% more volatile than the S&P 500. Comparatively, Iridium Communications has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500.

94.1% of Lumentum shares are held by institutional investors. Comparatively, 84.4% of Iridium Communications shares are held by institutional investors. 0.6% of Lumentum shares are held by insiders. Comparatively, 2.0% of Iridium Communications shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Iridium Communications has a net margin of 3.20% compared to Lumentum's net margin of -18.52%. Iridium Communications' return on equity of 2.76% beat Lumentum's return on equity.

Company Net Margins Return on Equity Return on Assets
Lumentum-18.52% 1.04% 0.31%
Iridium Communications 3.20%2.76%0.93%

Summary

Iridium Communications beats Lumentum on 12 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding LITE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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LITE vs. The Competition

MetricLumentumCommunications equipment IndustryComputer SectorNASDAQ Exchange
Market Cap$2.89B$656.66M$19.79B$7.77B
Dividend YieldN/A1.71%2.75%3.97%
P/E Ratio-10.8921.23265.2319.20
Price / Sales1.6474.09542.1782.28
Price / Cash6.5131.6428.5128.61
Price / Book2.172.436.794.38
Net Income-$131.60M-$4.74M$630.42M$217.15M
7 Day Performance-1.45%1.90%1.76%2.83%
1 Month Performance-6.54%2.60%-0.68%-2.47%
1 Year Performance-10.44%-5.05%29.32%8.46%

Lumentum Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
IRDM
Iridium Communications
4.6218 of 5 stars
$30.79
-3.2%
$44.75
+45.3%
-52.7%$3.74B$790.72M146.62760Positive News
HAYW
Hayward
2.5959 of 5 stars
$13.60
-2.9%
$14.70
+8.1%
+16.7%$2.92B$992.45M37.781,875Insider Selling
DOCN
DigitalOcean
0.1637 of 5 stars
$32.87
-3.4%
$36.78
+11.9%
+6.2%$3.00B$692.88M3,290.291,156Upcoming Earnings
QTWO
Q2
0.4859 of 5 stars
$51.37
-2.1%
$48.20
-6.2%
+178.9%$3.03B$624.62M-45.462,315
CCOI
Cogent Communications
4.2494 of 5 stars
$64.18
-2.7%
$77.57
+20.9%
-5.7%$3.04B$940.92M2.401,947Upcoming Earnings
SPT
Sprout Social
2.0352 of 5 stars
$50.45
-3.0%
$72.57
+43.8%
-31.4%$2.84B$333.64M-42.041,383Insider Selling
News Coverage
USM
United States Cellular
2.9982 of 5 stars
$36.36
-0.7%
$45.25
+24.4%
+106.4%$3.09B$3.91B58.654,300Earnings Report
PYCR
Paycor HCM
2.4971 of 5 stars
$17.37
-1.4%
$27.35
+57.5%
-19.6%$3.09B$552.69M-36.192,800News Coverage
RPD
Rapid7
3.5076 of 5 stars
$44.80
-1.9%
$55.56
+24.0%
-2.3%$2.79B$777.71M-17.852,228Analyst Forecast
News Coverage
Gap Down
PLXS
Plexus
3.2804 of 5 stars
$101.01
-1.2%
$107.75
+6.7%
+24.2%$2.79B$4.21B27.9025,000Insider Selling
News Coverage
High Trading Volume

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This page (NASDAQ:LITE) was last updated on 5/8/2024 by MarketBeat.com Staff

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